The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

soae-2014  state-of-american-energy  oil-and-natural-gas-development  keystone-xl-pipeline  hydraulic-fracturing  shale-benefits  regulation 

Mark Green

Mark Green
Posted January 7, 2014

API President and CEO Jack Gerard’s annual State of American Energy address put surging U.S. oil and natural gas production into context, saying that it has created a generational opportunity to secure this country’s energy future – an opportunity that would have been unimaginable just a few years ago. Gerard:

“Our future is ultimately of our own design. … We will decide if America continues its march toward global energy leadership – a once-in-a-generation choice – or remains content to play a supporting role in the global energy market. We can erase what for decades has been America’s greatest economic vulnerability – our dependence on energy sources from other continents, particularly from less stable and friendly nations – and fundamentally alter the geopolitical landscape for decades to come, all while providing a much needed boost to our economy. But only if we get our energy policy right.”

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fracking  fracking-fluid  hydraulic-fracturing  regulation  access  economic-benefits  safety-standards 

Mark Green

Mark Green
Posted November 21, 2013

Legislation passed by the U.S. House would help preserve effective state regulation of hydraulic fracturing by limiting Interior Department enforcement of unnecessary fracking rules on public lands. Effective regulation has an important role in safe and responsible energy development, and states are best positioned to do just that. Erik Milito, API’s director of upstream and industry operations:

“Hydraulic fracturing and horizontal drilling are safe, proven technologies that have allowed the U.S. tooutpace Russia as the world’s number one producer of oil and natural gas. Job growth, energy security, andgovernment revenue are all rising due to the U.S. energy revolution, and state regulators are in the best positionto preserve America’s progress while protecting our natural resources with rules tailored to local hydrology,geology, and natural resources.”

The combination of advanced hydraulic fracturing and horizontal drilling launched the current shale energy revolution in America– a surge that can continue with increased access to oil and natural gas reserves, including those on public lands, and common-sense regulation led by the states. In terms of future economic growth and greater security in the world, U.S. shale energy is agame-changer. Below are 10 things everyone should know about it.

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lng-exports  natural-gas-benefits  job-creation  trade  regulation 

Mark Green

Mark Green
Posted November 14, 2013

Earlier this year an ICF International study found that exporting U.S. liquefied natural gas (LNG) would have dramatic national impacts on jobs, economic growth and revenue generation for government.  Now a second ICF study shows what the impact of LNG exports would look like on a state-by-state basis. They’re huge:

  • LNG exports could contribute as much as $10 billion to $31 billion per state to the economies of natural gas-producing states such as Texas, Louisiana and Pennsylvania by 2035.
  • Producing states could see employment gains as high as 60,000 to 155,000 jobs in 2035.
  • Non-producing states also will benefit, partly because of the demand for steel, cement, equipment and other goods used in natural gas development. ICF said states including Ohio, California, New York and Illinois will see gains to their economies as high as $2.6 billion to $5 billion per state in 2035.
  • In terms of jobs, large manufacturing states like California and Ohio will see gains of 30,000 to 38,000 in 2035, ICF says.

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renewable-fuel-standard  ethanol  regulation  epa34 

Mark Green

Mark Green
Posted November 1, 2013

Last year the National Council of Chain Restaurants (NCCR), the country’s leading organization exclusively representing chain restaurant companies, released a PwC report that detailed the impact of mandates under the Renewable Fuel Standard (RFS) for ever-increasing corn ethanol use in fuel. The report estimated that by 2015 the RFS mandate would increase total costs for chain restaurant owners by up to $3.2 billion per year for every year the RFS remains in effect.

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renewable-fuel-standard  ethanol  epa34  regulation 

Mark Green

Mark Green
Posted October 29, 2013

The National Turkey Federation (NTF) doesn’t just believe recent polling that finds two-thirds of Americans believe that, under the Renewable Fuel Standard (RFS), using more corn for ethanol production could force up food prices, they have data to prove it.

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renewable-fuel-standard  ethanol-in-gasoline  epa34  regulation  blend-wall 

Mark Green

Mark Green
Posted October 25, 2013

Despite indications EPA may lower its 2014 requirement for ethanol use under the Renewable Fuel Standard (RFS) – acknowledging the existence of the refining “blend wall” – volumetric levels the agency reportedly is discussing don’t go far enough, and larger concern over the dysfunctional, irreparably damaged RFS would remain.

API Downstream Group Director Bob Greco talked about what EPA might do with next year’s requirements, which could be unveiled soon, during a conference call with reporters.

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renewable-fuel-standard  e1534  ethanol-in-gasoline  regulation  epa34 

Bob Greco

Bob Greco
Posted October 24, 2013

In a recent video op-ed in USA Today, forum editor David Mastio explains why we use ethanol in gasoline. Don’t worry, it’s not a technical presentation. There’s no scientific or technical rationale given for adding ethanol to gasoline. Ethanol isn’t added to improve engine performance, it doesn’t improve fuel efficiency and, according to Mastio, it increases some kinds of pollution while decreasing others.

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renewable-fuel-standard  ethanol-in-gasoline  regulation  epa34  e1534 

Mark Green

Mark Green
Posted October 24, 2013

Let’s continue discussion of the Renewable Fuel Standard (RFS), it’s detachment from market reality and its impacts on consumers – impacts that go well beyond the oil industry. Yesterday, we looked at the views of the National Chicken Council; today the view from the water, courtesy of the National Marine Manufacturers Association (NMMA).

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renewable-fuel-standard  ethanol  regulation 

Mark Green

Mark Green
Posted October 23, 2013

We have written a lot on the Renewable Fuel Standard (RFS), its problems with reality and its problems for consumers, but the impacts of the RFS go far beyond the oil industry, all the way down to your dinner plate as the National Chicken Council (NCC) explains.

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offshore-drilling  regulation 

Mark Green

Mark Green
Posted October 17, 2013

Three more polls, three more states where strong majorities support oil and natural gas drilling off America’s coasts – for jobs, a stronger economy and a more-secure energy future.

Harris Interactive surveys conducted in FloridaNorth Carolina and South Carolina found support for offshore drilling among registered voters ranged from 64 percent (Florida) to 77 percent (South Carolina). As was true earlier this week in a poll of Virginia voters on offshore drilling, developing offshore energy goes along with the belief that more access to U.S. energy reserves and more drilling will lead to significant economic benefits and increased U.S. energy security.

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