The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

keystone-xl-pipeline  economic-growth  job-creation  president-obama  canadian-oil-sands  jack-gerard 

Mark Green

Mark Green
Posted November 14, 2014

Friday’s bipartisan U.S. House vote to advance the Keystone XL pipeline, the ninth time the House has voted to support the project, sets up next week’s expected vote in the Senate – and most likely a big decision point for President Obama. API President and CEO Jack Gerard:

“The strong, bipartisan support for the Keystone XL pipeline demonstrates lawmakers from both parties in the House, as well as the Senate, are listening to the American people. A vote for KXL tells Americans their jobs matter, their futures matter and that our nation’s energy and national security are a clear priority.”

Now the question: Is President Obama listening?

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keystone-xl-pipeline  canadian-oil-sands  american-energy  economic-security  economic-growth  job-creation  crude-prices  hydraulic-fracturing  horizontal-drilling  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted November 14, 2014

The Fix (Washington Post): President Obama is fond of telling Congress that it should pass things with the overwhelming support of the American people, including (among other things) comprehensive immigration reform, increasing the minimum wage, and increasing gun background checks.

And yet, Obama could soon be in a position of vetoing something with a similar amount of support: the Keystone XL pipeline.

Poll after poll has shown support for Keystone is somewhere between very strong and overwhelming. A Pew Research Center survey this month showed support for the project at nearly two-to-one, 59 percent to 31 percent. And that was about the lowest level of support we've seen to date. Support has registered as high as two-thirds of Americans.

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lng-exports  natural-gas-development  economic-growth  job-creation  trade  shale-energy 

Mark Green

Mark Green
Posted November 13, 2014

A good deal of the buzz generated by America’s ongoing energy revolution has centered on the way surging domestic production is changing the crude oil imports picture. No question, it’s a pretty one, with net imports as a share of consumption falling to levels not seen in nearly three decades. That’s great news for job creation, the economy, our balance of trade and America’s energy security.

But here’s another pretty picture: declining imports of liquefied natural gas (LNG). Actually, “declining” is too mild a term for what we’re seeing. Thanks to energy developed from shale using hydraulic fracturing and horizontal drilling, the U.S. has become the world’s No. 1 natural gas producer – which has dramatically cut the need to shop the world market for supplies of natural gas, illustrated in plummeting LNG imports.

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keystone-xl-pipeline  president-obama  job-creation  economic-growth  canadian-oil-sands  congress  infrastructure 

Mark Green

Mark Green
Posted November 6, 2014

Over the past few years it has been difficult to know President Obama’s true position on the long-delayed Keystone XL pipeline, now under federal review more than six years. That’s likely to change in the new Congress, with Republicans saying Keystone XL legislation will be a top priority soon after the first of the year. North Dakota Sen. John Hoeven talked to Fuel Fix.com:

“The president opposes the project and has tried to defeat it with delay,” Hoeven said, but “given the clear vote from the American public and strong bipartisan support, he may decide it’s time to start working with Congress, and this is a good example of a place to start and why you’ll see us advance the measure early on.”

Given the mid-term election results, President Obama soon will be called to make a decision on Keystone XL – one that will indicate his willingness to work with the new Congress on an issue that has strong public support and one that also will show whether he’s serious about an all-of-the-above approach to energy and American energy security.

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american-energy  election  vote  oil-and-natural-gas-development  access  keystone-xl-pipeline  economic-growth  job-creation 

Mark Green

Mark Green
Posted November 5, 2014

As the political parties sort through the results of this week’s mid-term congressional elections, let’s hope neither misses the unmistakable, bipartisan support from the American people for the ongoing energy revolution in this country. In their votes and in data from new election-night public opinion polling, it’s clear Americans see energy policy as a uniting point that can help break Washington gridlock while continuing to revitalize the country’s economy.

These topics and more came up during a conference call API President and CEO Jack Gerard conducted with reporters in the election’s aftermath. According to Gerard, the overarching lesson from Tuesday’s vote: Energy wins. Gerard:

“We need elected leaders who understand what’s at stake and who are willing to set aside outdated assumptions and partisan talking points to work together on safe, responsible and fact-based energy policy. In that regard, we hope that President Obama will take this opportunity to work with the new Congress on smart energy policies that grow our nation’s still shaky economy, create well-paying jobs and maintain our nation’s global energy leadership.”

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american-energy  oil-and-natural-gas-development  economic-growth  job-creation  keystone-xl-pipeline  shale-energy  hydraulic-fracturing  horizontal-drilling 

Mark Green

Mark Green
Posted November 4, 2014

Even before Americans went to the polls Tuesday, it’s clear American-made energy is this year’s winner. You could see it in pre-election public opinion surveying showing overwhelming support for increased production of domestic oil and natural gas as a job creator (90 percent), a national priority (87 percent) and as a boon to consumers (79 percent).

Regardless of who wins the most seats in Congress, the nation’s leaders should view policy choices with the knowledge that Americans strongly believe the ongoing U.S. energy revolution is a catalyst for individual prosperity, overall economic growth and national security. API President and CEO Jack Gerard, in a guest post for The Hill:

It may take weeks and a few run-off elections to determine control of Congress. But the American people have already given the House and Senate a clear mandate:  create jobs, boost the economy and advance America’s energy security through commonsense energy policies.

Here’s how we know this is true: As you look across the expanse of America, represented in the different state contests for the U.S. Senate, there’s broad bipartisan support for U.S. energy.

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epa-regulation  oil-and-natural-gas-industry  economic-growth  innovation  government 

Mark Green

Mark Green
Posted October 27, 2014

Ever heard of the broken window fallacy? In economic circles, it’s a common parable used to dismiss arguments that damage – like the breaking of a window – has a silver lining: spending to fix the window boosts the window repairman, which boosts the folks who make panes of glass and so forth.

Yet, that argument (and the one depicted in the broken window parable) misses a big unseen – there’s no free lunch in spending to repair or rebuild property. The money comes from somewhere. The person who must buy a new window spends money he or she might have invested or spent elsewhere in the economy, with greater economic impact. Likewise with government spending. Those dollars came from taxpayers who might have invested or spent elsewhere in the economy, with greater economic impact.

We say all of this because another common argument being heard is that tossing bricks of energy regulation will invigorate the energy sector.

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north-carolina  oil-and-natural-gas-development  economic-growth  offshore-energy-development  outer-continental-shelf  seismic-survey  safe-operations 

Mark Green

Mark Green
Posted October 8, 2014

Energy already is generating benefits for North Carolina and its economy, and things could get a lot better with the right oil and natural gas policies in place – an important point as North Carolinians get ready to vote in a U.S. Senate race that has national implications.

Advanced hydraulic fracturing and horizontal drilling could get under way early next year with the finalizing of state rules for safe and responsible development.  

This fits with recent polling showing that strong majorities of registered North Carolina voters support increased domestic oil and natural gas production, including 91 percent who say more production could lead to more U.S. jobs and 89 percent who say more oil and gas could help stimulate the economy.

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oil-and-natural-gas-jobs  unconventional-oil  unconventional-gas  hydraulic-fracturing  horizontal-drilling  fracking  economic-growth  government-revenues 

Mark Green

Mark Green
Posted September 26, 2014

There’s more evidence that the U.S. oil and natural gas industry is driving economic growth – not just in the industry itself, but also in the vast supply chain that sustains energy development – adding to overall GDP, wages and revenues to government.

A new IHS study, commissioned by the Energy Equipment & Infrastructure Alliance (EEIA) estimates that employment growth in the supply chain that supports unconventional oil and natural gas development – that is, energy from shale and other tight-rock formations with advanced hydraulic fracturing and horizontal drilling – will outpace, by a more than a 2-to-1 margin, the U.S. average from 2012 to 2025.

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keystone-xl-pipeline  economic-growth  oil-sands  canada 

Mark Green

Mark Green
Posted September 16, 2014

This week the Keystone XL pipeline reaches a dubious anniversary – six years waiting for the Obama administration to approve a shovel-ready, privately financed infrastructure project that would create jobs while strengthening America’s energy, economic and national security.

It has been an unfortunate, unnecessary wait. Such projects historically are approved by Washington in one to two years. In the six years Keystone XL has been left on hold by this White House, 10,000 miles of oil and natural gas pipelines have been built in the United States.

While Keystone XL languishes, Canada – our neighbor, friend and largest supplier of imported oil – gets the cold shoulder from an administration that has dithered, delayed and dumbfounded its way into obstructing a vital piece of energy infrastructure – pleasing a small minority instead of advancing the national interest.

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