The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

economic-growth  oil-spill-prevention-and-response  safety  spill-prevention  spill-response  dispersants  infrastructure 

Mark Green

Mark Green
Posted May 8, 2014

Highlights from API President and CEO Jack Gerard’s remarks at the 2014 International Oil Spill Conference (IOSC) in Savannah, Ga.:

  • The United States’ rise to energy superpower status, built on surging oil and natural gas production, will demand increased energy infrastructure.
  • Greater demand for energy will spotlight the oil and natural gas industry’s ability to develop reserves, but also how well industry transports and stores the energy it produces.
  • Continuing to add to and improve industry’s ability to prevent and prepare for spills, as well as its response if incidents occur, will be key to sustaining America’s oil and natural gas renaissance.

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job-growth  oil-and-natural-gas-development  oil-and-natural-gas-investments  shale-energy  keystone-xl-pipeline  infrastructure 

Mark Green

Mark Green
Posted May 2, 2014

The number of direct jobs in oil and natural gas extraction has grown 7.2 percent since April last year, more than four times the growth rate in all U.S. jobs, according to BLS. The word for that kind of growth – in the midst of an economy still trying to heat up – is wow!

Now, keep in mind that the BLS data line for “oil and gas extraction” covers only part of industry’s upstream (pre-refining) segment. Scroll down a few lines in this BLS table to find direct jobs supporting oil and natural gas operations – such as building and dismantling field rigs, core drilling services, hydraulic fracturing services and much more – and you see dynamic growth there as well, 6.3 percent from April last year through March, the most recent data month available. Wow again.

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oil-and-natural-gas-development  offshore-exploration  south-carolina  infrastructure 

Mark Green

Mark Green
Posted May 1, 2014

South Carolina, like Virginia, stands to gain thousands of jobs and see billions in economic growth if the federal government will allow oil and natural gas development in the waters off its coast.

Quest Offshore Resources study projects more than $15.5 billion in cumulative energy spending in the state from 2017 to 2035 with offshore development, an energy boost to the state economy of more than $2.7 billion per year by 2035 and 35,569 jobs in 2035. South Carolina Gov. Nikki Haley:

“Let us step up. Let us do offshore work. Let us go and be part of the solution to our nation’s energy problem.”

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pipelines  pipeline-construction  pipeline-safety  oil-and-natural-gas  infrastructure 

Mark Green

Mark Green
Posted April 29, 2014

Take a look at the fuels and products delivered every day by America’s sprawling network of liquid petroleum and natural gas pipelines, and you’ll develop a new appreciation for energy infrastructure: gasoline, diesel, jet fuel and other fuels and natural gas and heating oil for our homes. Plus feedstocks to make products ranging from eyeglasses to pharmaceuticals. Pipelines are integral for modern living.

That’s why API’s recently launched “Pipeline 101” website is an important resource – to better understand the need for pipelines, as well as how they work, how safe they are and more.

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virginia  offshore-energy  economic-benefits  infrastructure  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted April 28, 2014

Virginia is for lovers – of domestic oil and natural gas production and investments in energy infrastructure. That’s what you see in a recent Harris Poll of registered voters in the commonwealth: Strong support for developing domestic oil and natural gas, including offshore reserves, as well as increased spending on infrastructure.

Some of the numbers:

  • 80 percent support increased production of domestic oil and natural gas reserves. Just 11 percent oppose.
  • 89 percent support increased development of U.S. energy infrastructure.
  • 94 percent agree increased domestic oil and natural gas output could help strengthen America’s energy security.
  • 91 percent agree increased domestic oil and natural gas production could help stimulate the economy.

And so it goes – with similar, slam-dunk margins on other questions, from benefits to U.S. consumers to economic growth.

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economy  jobs  american-energy  manufacturing  infrastructure  texas  education 

Mary Leshper

Mary Schaper
Posted April 25, 2014

Reuters: Call it the comeback kid.

 

A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling domestic natural gas prices, rising worker productivity and a lack of upward wage pressure.

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keystone-xl-pipeline  infrastructure  jobs  energy-security  fracking  manufacturing  technology 

Mary Leshper

Mary Schaper
Posted April 21, 2014

Forbes (Christopher Helman): Whenever businesses and bureaucrats don’t have the guts to stand behind a decision they’ve made, they release the news late on a Friday. In the case of the Obama administration’s move to delay indefinitely a decision to approve or deny the Keystone XL pipeline, it speaks volumes that the announcement was made not just on any Friday, but on the convergence of Good Friday and Passover.

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american-energy  economy  jobs  energy-security  infrastructure 

Mark Green

Mark Green
Posted April 17, 2014

New national polling finds strong support among U.S. registered voters for more domestic oil and natural gas production and more investment in energy infrastructure – with significant majorities connecting increased energy infrastructure (such as new pipelines, storage facilities and other energy-related projects) with job creation, strengthening U.S. energy security and helping American consumers.

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ohio  economy  jobs  fracking  infrastructure  utica-shale 

Mark Green

Mark Green
Posted April 16, 2014

The story of the impact of oil and natural gas production story in Ohio is old – and new. Old in the sense the state was one of the country’s earliest producers of oil and natural gas. But also new, because development of the Utica Shale play in the past few years is responsible for an oil and natural gas resurgence, one that parallels what’s happening in the country as a whole.   Thanks to shale development through advanced hydraulic fracturing and horizontal drilling the state is seeing job creation, investment and economic growth.

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infrastructure  energy-investment  oil-and-natural-gas-development  economic-growth  pipeline-construction  storage-tanks 

Mark Green

Mark Green
Posted April 15, 2014

Last month a new study said more than $640 billion in energy infrastructure investments will be needed in the U.S. over the next two decades. Needed are pipelines, pumps and other infrastructure to keep pace with expected increases in domestic oil and natural gas production, the ICF International report said – much of it coming from energy reserves found in shale and other tight-rock formations through advanced hydraulic fracturing and horizontal drilling. ICF:

“Sufficient infrastructure goes hand in hand with well-functioning markets. Insufficient infrastructure can constrain market growth and strand supplies, potentially leading to increased price volatility and reduced economic activity.”

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