Posted October 4, 2013
Two charts and some incredible, bordering on the unbelievable, good news for America’s energy present and future, as well as our security in the decades to come.
First, a familiar chart below from the U.S. Energy Information Administration (EIA) Annual Energy Outlook for 2013. It shows that our wonderful, modern economy – which makes us strong as a nation while providing opportunity for individuals and families to grow and prosper – is primarily fueled by oil and natural gas (62 percent) and will be in the foreseeable future. EIA projects that oil and natural gas will supply 60 percent of our energy in 2040 – reliable, abundant fuels that make our livesmore comfortable, healthier and mobile.
Posted October 3, 2013
More from this week’s North American Gas Forum conference in Washington – this one a discussion of the U.S. opportunity capitalize on global demand for natural gas and the potential geopolitical impacts of an energy-resurgent U.S.
Majed Limam of Poten & Partners said natural gas demand from the Asian Pacific market and other markets are key to would-be suppliers. Yet global demand for liquefied natural gas (LNG) isn’t infinite, Limam said. Those who move quickly to secure market share will be rewarded.
Posted September 19, 2013
Five years … and counting. The Keystone XL pipeline now has been under consideration by the Obama administration for five years – or about twice as long as it would take to complete the project linking Canada’s oil sands region with U.S. refiners onthe Gulf Coast and longer than a number of iconic projects highlighted here by the folks at Oil Sands Fact Check. So, what have we learned?
First, there’s the power of politics. Opponents of oil sands – and, generally, all fossil fuels – have waged a war of proxy against a shovel-ready project that would create tens of thousands of U.S. jobs, stimulate the economy and make our country more energy secure. Unfortunately, the Keystone XL has been turned into a symbol for an off-oil political agenda that’s detached from fact and reason
Posted September 16, 2013
Let’s see: Five years is 1,825 days, which is a pretty long time. Long enough to build the Hoover Dam, and long enough for Michelangelo to paint the ceiling of the Sistine Chapel. It’s long enough for Lewis & Clark to explore the American West and for the U.S. and its allies to win World War II.
But it’s not long enough for the Obama administration to approve construction of the full Keystone XL pipeline – and in the process side with 82 percent of Americans who want it built and clear the way for thousands of new U.S. jobs and greater U.S. energy security. Not long enough.
Posted September 12, 2013
For Canada, the question of whether the Keystone XL pipeline should be built can be reduced to a handful of clarity producing contrasts – as Canadian Ambassador to the U.S. Gary Doer framed for a group of reporters this week:
Does the U.S. choose oil from Venezuela or neighbor and ally Canada?
Do we transport that oil by pipeline, in an environmentally safe and cost-effective manner, or by other means?
Do we choose infrastructure construction, meaning thousands of U.S. jobs and economic stimulus, or the status quo?
Posted August 30, 2013
Benefits of Fracking Will Be Tested in Syria Attacks
Forbes: Oil prices are surging on concerns that a U.S.-led attack on Syria could disrupt global oil supplies. West Texas Intermediate crude traded at $110.45 a barrel on the New York Mercantile Exchange this morning, after rising more than $3 a barrel on Tuesday. Less than two months ago, oil sold for less than $100.Gasoline prices have risen the most in six weeks at a time when forecasts had indicated they would be falling because of seasonal decline in demand.
It’s a pretty typical market response to geopolitical unrest in the Middle East. The concern, of course, is that any escalation of the Syrian conflict will expand to include other oil-producing nations, particularly Iran. Iran has the power to control the all-important Strait of Hormuz, through which about 17 million barrels of oil pass each day — roughly one fifth of the world supply.
But this time things are different, at least from the U.S. perspective. The implications of a supply disruption are muted because domestic production is at a 20-year high, driven by the hydraulic fracturing boom. U.S. inventories are flush.
Read more: http://onforb.es/15jNSjt
Posted August 26, 2013
A couple of highlights from a speech to the American Legion’s 95th National Convention this weekend by API’s Erik Milito, director of upstream and industry operations:
The “trajectory from (natural gas) imports to exports is just one of the developments marking the emergence of the United States as a global energy superpower. … The United States is now the world’s leading producer of natural gas, and we’re on track to surpass Saudi Arabia as the number one oil producer by 2020. For the first time in 18 years, we’ll be producing more crude oil than we import.
Posted August 13, 2013
API’s latest ad on the Keystone XL underscores the project’s support across the political spectrum – from Clinton I to Bush 43 - a jobs plan that brings everyone together.
Posted July 17, 2013
Dallas Business Journal – U.S. Shale Oil Output Could Reach 5 Million Barrels/Day by 2017
Harvard Kennedy School researcher Leonardo Maugeri, a former oil industry executive from Italy, says growing shale development could make the U.S. the world’s top oil producer in a few years. Maugeri estimates there could be more than 100,000 working wells in North Dakota and Texas by 2030 (up from the current 10,000).
Posted July 9, 2013
API’s new advertising campaign launched this week underscores the broad support in America for construction of the full Keystone XL pipeline. Here’s our new television ad