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.”
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.
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.
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.
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.
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.
Posted October 24, 2013
Posted October 24, 2013
Posted October 23, 2013
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 Florida, North 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.