The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

analysis  colorado  energy  income  oil-and-natural-gas-development  regulations  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 1, 2015

The energy choices we make in every state individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added. As we continue our state series focusing on how energy impacts each of the 50 states, today’s data comes from Colorado.

The top-line numbers: 213,100 jobs supported statewide, according to PwC; $25 billion added to the state economy and $14.1 billion contributed to the state’s labor income. All are significant drivers for the state’s economy.

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analysis  energy  development  oil-and-natural-gas-industry  revenues  regulations  taxes  revenue  wood-mackenzie  vote4energy 

Mark Green

Mark Green
Posted June 30, 2015

Wood Mackenzie’s study comparing the effects of pro-development energy policies with those of regulatory-constrained energy policies is really not much of a comparison at all. Pro-development policies would boost U.S. domestic energy supplies and job creation while benefiting American households, the study found. Pro-development policies also would add to economic growth and generate increased revenues for government. Let’s look at those today.

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analysis  ohio  income  oil-and-natural-gas-development  regulations  energy  wood-mackenzie 

Reid Porter

Reid Porter
Posted June 30, 2015

Yesterday we launched a series of posts that, over the next few weeks, will highlight the economic and jobs impact of energy in each of the 50 states. The energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

We started with Virginia. Today: Ohio.

The top-line numbers: 255,100 jobs supported statewide, according to PwC; $28.4 billion added to Ohio’s economy; $12.7 billion contributed to the state’s labor income and nearly 14,000 shale-related business establishments supported across Ohio. All are significant drivers for the state’s economy.

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analysis  virginia  income  oil-and-natural-gas-development  regulations  energy  wood-mackenzie  pricewaterhousecoopers 

Reid Porter

Reid Porter
Posted June 29, 2015

Here on the blog we regularly point to the national economic and job impacts of energy development: 9.8 million jobs supported, and $1.2 trillion in value added to the economy – accounting for 8 percent of our national GDP. Over the next few weeks we want to bring the focus to the state level, highlighting those impacts in each of the 50 states. We’ll start with … Virginia.

The top-line numbers: more than 141,000 jobs supported statewide, according to PwC ; $12.5 billion added to the state economy; $7.2 billion contributed to the state’s labor income. All are significant drivers for the state’s economy.

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analysis  oil-and-natural-gas-development  wood-mackenzie  regulation  economic-growth  income  vote4energy  american-petroleum-institute 

Mark Green

Mark Green
Posted June 26, 2015

More from the new Wood Mackenzie study comparing the effects on the U.S. energy picture from pro-development policies versus a regulatory-constrained path. We’ve looked at the implications for energy supplies. Today we’ll zero in on two very different scenarios affecting individual American households.

Once again, the study compared impacts on key areas, depending on the energy policy path our country chooses. The pro-development path includes increased access to oil and natural gas reserves, approaches to regulation and permitting that encourage accelerated energy production and export policies that allow U.S. oil and natural gas to reach global markets, stimulating domestic output. The constrained path would pretty much maintain the status quo on access, regulation and exports – costing the United States, as the study shows.

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analysis  renewable-fuel-standard  epa34  ethanol  blend-wall  e8534  refineries 

Bob Greco

Bob Greco
Posted June 26, 2015

API Downstream Group Director Bob Greco traveled this week to EPA’s field hearing on the Renewable Fuel Standard (RFS) in Kansas City, to detail concerns over the flawed program, with its market-distorting mandates for ever-increasing use of ethanol in the national fuel supply. His remarks, as prepared for delivery:

The Ethanol Blend Wall

Our members’ primary RFS concern is the ethanol blend wall.  Serious vehicle and retail infrastructure compatibility issues exist with gasoline containing more than 10 percent ethanol.  We are encouraged that EPA has proposed to address this reality. 

Gasoline demand increases projected in 2007 did not materialize, and Congress granted EPA the authority to balance its aspirational goals with reality. API supports EPA’s use of its explicit RFS waiver authorities in 2014, ‘15, ‘16, and beyond to avoid negative impacts on America’s fuel supply and to prevent harm to American consumers. 

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analysis  oil-and-natural-gas-development  interior-department  economic-growth  access  offshore-drilling  onshore-drilling 

Mark Green

Mark Green
Posted June 25, 2015

The U.S. Interior Department is out with its Economic Report for Fiscal Year 2014 – which doesn’t sound like it would be a whole lot of fun reading. But the report actually contains some pretty important bits of information.

For example, you get a clear sense that Interior Department activities support jobs and economic growth, which are good things. Interior Secretary Sally Jewell called her department a “powerful economic engine.” More Jewell:

“Our parks and public lands support outdoor recreation, promote renewable energy and allow us to harness other domestic energy resources, create jobs and promote economic development in communities across all 50 states.”

It’s the “other domestic energy resources” that caught our eye.

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analysis  oil-and-natural-gas-development  energy-supplies  access  regulation  vote4energy  wood-mackenzie 

Mark Green

Mark Green
Posted June 25, 2015

Let’s get into some of the detail in the new Wood Mackenzie study that was released this week, starting with the implications for domestic energy supply, found in two vastly different energy paths that U.S. policymakers could take. As the study details, the path we choose will affect energy production, job creation, the economy and the lives of individual Americans.

For context, recall that Wood Mackenzie’s study compared two energy policy paths – one that embraces pro-development, and one that’s characterized by regulatory constraints. Certainly, the constrained path actually would just continue a number of the policies the current administration is advancing.

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analysis  oil-sands  ghg-emissions  heavy-crude  state-department  canada  keystone-xl-pipeline 

Mark Green

Mark Green
Posted June 24, 2015

A few observations on an Energy Department-funded study that reportedly asserts Canadian oil sands will yield significantly greater emissions than conventional crude oil. We say “reportedly,” because the study itself isn’t out yet, just the abstract. Even so, the Wall Street Journal breathlessly says the “findings provide ammunition to foes of the proposed Keystone XL pipeline and other critics of surging Canadian oil output.”

Now, take a deep breath.

We’ve posted on this claim before. President Obama brought it up a couple months ago to justify more than six years of delaying a decision on the Keystone XL pipeline by the White House. Certainly, assigning alarming greenhouse gas (GHG) emissions to oil sands boosts an anti-KXL, anti-oil sands position. But it’s a faulty comparison.

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