The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

access  energy  gasoline  regulation  energy-101  jobs-and-economy  gas-prices  fuel-prices  onshore-oil-production  onshore-gas-production 

Mark Green

Mark Green
Posted May 23, 2013

Gasoline prices have been rising with the approach of the summer driving season – up to about $3.66, according to AAA – pushed there by rising crude oil prices. U.S. consumers need help. And they could get it – if the administration pursued a number of energy policies to put downward pressure on global crude costs, while abandoning other choices that could harm consumers.

API Chief Economist John Felmy’s reporter briefing Thursday focused attention on two paths: one that will increase domestic production of oil and natural gas and one that won’t. Unfortunately, the administration – via proposals to increase energy taxes and a new wave of questionable regulation – looks headed down the wrong path, a recipe for disaster for American energy:

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exports  lng34  natural-gas  regulation 

Mark Green

Mark Green
Posted May 21, 2013

Two new reports outline the importance of crafting the right policies to capitalize on America’s vast wealth in shale natural gas.

An American Chemistry Council (ACC) analysis points to rich capital investments and job gains to be realized in that sector because of abundant, affordable supplies of shale natural gas:

  • $71.7 billion in chemical industry investments publicly announced through the end of March.
  • 46,000 new chemical industry jobs by 2020.
  • 264,000 jobs in supplier industries by 2020.
  • 226,000 induced jobs in communities where chemical industry workers spend their wages.
  • $20 billion in federal, state and local tax revenue.

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ozone  refineries  regulation 

Mark Green

Mark Green
Posted April 5, 2013

Reasons why the oil and natural gas industry talks about a regulatory “tsunami” coming down from EPA:

  • A newly proposed Tier 3 rule to further lower sulfur content in gasoline – that would have “very small” additional environmental benefit, according to a recent study. At the same time, it could increase the manufacturing cost of gasoline by up to 9 cents per gallon. (More on Tier 3 below.)
  • Increases in the federal ethanol mandate under the Renewable Fuel Standard – which could add to the manufacturing cost of gasoline by about 30 percent by 2015, according to a study by NERA Economic Consulting. (Posts on that here, here, here and here.)
  • A potential vapor pressure reduction requirement that could increase refinery costs.
  • An expected Refinery Sector Rule, new ozone requirements and greenhouse gas controls for refineries.

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safety-standards  energy-safety  regulation 

Mark Green

Mark Green
Posted April 1, 2013

API is out with two new oil and natural gas industry standards on well design and drilling operations:

  • Deepwater well design and construction
  • Protocol for verification and validation of high-pressure, high-temperature equipment

Both represent advancements toward making oil and natural gas extraction safer – for people and the environment. David Miller, API director of standards:

“Every industry standard we develop shares the goal of safely and responsibly producing more of the energy America needs. These new guidelines will help the industry to continue operating safely in deeper, higher pressure, and higher temperature environments. As changing technologies provide better opportunities to develop the energy that fuels America, industry standards must adapt as well.”

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regulation  natural-gas  energy  access 

Mark Green

Mark Green
Posted February 15, 2013

Of the energy-related lines in the president’s State of the Union address earlier this week, none stood out more than this one:

“… the natural gas boom has led to cleaner power and greater energy independence. That's why my administration will keep cutting red tape and speeding up new oil and gas permits.”

Certainly, the president is right, that the development of natural gas – especially from shale, developed with hydraulic fracturing – and oil are a big part of shrinking imports and cleaner air.

First the environment. We’ll keep saying it: Increased use of natural gas is a major factor in the reduction of U.S. carbon emissions to 1992 levels, which is allowing the U.S. to lead the world in emissions reduction, according to the International Energy Agency – all while producing more than ever before.

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regulation  natural-gas  infrastructure  access  oil34 

Mark Green

Mark Green
Posted January 18, 2013

At last week’s State of American Energy event in Washington, D.C., we interviewed some of the attendees on the future of U.S. energy development – which we’ll share in future posts. Below, BP America Executive Vice President Dave Nagel talks about America’s opportunity to move toward energy self-sufficiency through purposeful and careful management of its oil and natural gas reserves

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regulation  policy  oil34  natural-gas  domestic-energy  access 

Mark Green

Mark Green
Posted January 11, 2013

U.S. Chamber of Commerce President and CEO Tom Donohue in his annual State of American Business address, rightly identifying American-made energy as a critical to broad economic recovery and to solving the nation’s fiscal problems:

“Today, 23 million Americans are unemployed, underemployed, or have stopped looking for work. A record 47 million people are poor enough to be on food stamps. Median family income has dropped to 1995 levels—so we’re going backward. … From top to bottom we need more success in America. We need to nurture success, empower it, reward it, and celebrate it. … Proceeding swiftly and responsibly to develop more American energy can help us immeasurably with our fiscal problems, but it can also do so much more for our country.”

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energy-policy  manufacturing  regulation  energy-exports  liquid-natural-gas 

Mark Green

Mark Green
Posted January 11, 2013

Here’s one of the main things wrong with arguments some are making against the export of U.S. liquefied natural gas (LNG): They substitute narrow interests and agendas for the proved economic benefits of free trade to the entire United States – long demonstrated in the sale of countless other U.S. commodities to overseas buyers.

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regulation  ethanol  energy-policy  cellulosic-ethanol  cellulosic-biofuels  biofuels 

Bob Greco

Bob Greco
Posted December 21, 2012

Nearing the end of the 2012 it’s worth noting that some things about the Renewable Fuel Standard (RFS) haven’t changed: Commercially available cellulosic biofuel still isn’t being produced, and the nation’s refiners still don’t know how much biofuel they’ll have to blend next year under the RFS mandate. Other than that, no worries, right?

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regulation  natural-gas  liquid  exports  energy-policy  economy-and-energy 

Mark Green

Mark Green
Posted December 18, 2012

A recent study for the Energy Department – detailing broad economic benefits from the export of liquefied natural gas (LNG) – is good news on a number of fronts: for trade, job creation and economic growth stemming from increased energy development. Recapping, the NERA study of more than a dozen LNG export scenarios found significant benefits to the U.S. economy:

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