Posted June 12, 2018
Administration officials continue to push the idea of propping up failing coal and nuclear plants to ensure the health of the U.S. power system by asserting that the nation’s natural gas infrastructure is at heightened risk of cyber attack and other threats. There’s simply no substantiated evidence supporting their claim.
Here’s what you need to know about the security of our country’s natural gas infrastructure and industry’s efforts to guard against potential cyber threats.
Posted June 12, 2018
As the natural gas industry prepares for the upcoming World Gas Conference in Washington D.C. (June 25-29), let’s take a look at some of the issues bringing together many of the world’s most influential leaders, policymakers and experts from sectors ranging from finance, to trading, to law, to government.
The conference agenda reflects the key role natural gas plays in reliable power generation, a cleaner environment, affordable energy and the security of our nation and our allies, as well as the infrastructure working behind the scenes to make sure this energy is available when we need it most.
Posted June 11, 2018
Natural gas and oil touch nearly every aspect of life in Colorado – with responsible, well-regulated development that protects the environment and public health creating jobs and opportunity while providing significant support for public services, including the state’s education system. That’s broad message contained in a new report, “Progress and Opportunity,” just released by API.
Posted June 8, 2018
Our industry supports increased access to America’s offshore natural gas and oil. The benefits promise to be broad for coastal states and the entire country. Responsible development is safe, well-regulated and compatible with other uses, including those of our military.To advance the nation’s strategic interests that are tied to careful offshore natural gas and oil, API this week announced the launch of “Explore Offshore,” a diverse coalition of more than 100 local leaders, community organizations, businesses and associations from five Atlantic and Gulf Coast states that supports increased offshore access.
Posted June 7, 2018
Recognizing the harm E15 can impose on consumers, Senator Tom Udall and Rep. Peter Welch issued a letter to EPA Administrator Scott Pruitt reiterating of the EPA’s lack of legal authority to allow the sale of E15 gasoline without the necessary legislation:
Posted June 6, 2018
For months, ISO New England CEO Gordon van Welie has had a consistent message: insufficient natural gas infrastructure continues to put the region’s customers at risk of service interruptions during periods of peak demand that often coincide with extreme weather conditions.
Posted June 1, 2018
The decision by the Trump administration to impose tariffs on imported steel, including key allies Canada, Mexico and the European Union, is the wrong direction for U.S. energy policy. While the full effect of these tariffs on steel-intensive business—and the U.S. economy—remains to be seen, the impacts will ripple through the natural gas and oil industry, compromising energy production and posing a threat to America’s national security.
Posted May 31, 2018
In a recently released report, the U.N. Conference on Trade and Development digs into the factors that have made the U.S. energy dominance possible, and – specifically – the role of natural gas in energy dominance.
Posted May 24, 2018
Let’s add some needed perspective in the ongoing discussion of U.S. gasoline prices – even as Washington politicians try to exploit them for their own agendas. The latest political play: Senate Democrats want the president to cajole other nations into producing more oil to increase supply in hopes of moderating things at the pump.
Certainly, increasing global crude supply is important, because in the past doing so has put downward pressure on the cost of crude, the No. 1 factor driving gasoline prices.But, since we’ve seen how much lower and less volatile prices have been the past four years, thanks to the growth of U.S. oil production, wouldn’t it be smarter to encourage greater oil production here at home? Senate Energy Committee Chairwoman Lisa Murkowski
Posted May 22, 2018
Washington is known for partisan political skirmishing, so it’s not surprising that a group of Senate Democrats is trying to score political points against this year’s tax reform legislation by suggesting that lowering the corporate income tax rate has been linked to the recent rise in gasoline prices.
Let’s straighten them out on a couple of important things about gasoline prices, which have nothing to do with tax reform.
First, per-barrel costs for crude oil – the No. 1 factor in the cost of producing gasoline and diesel – have risen due to a tighter global oil supply/demand balance and lower inventories compared to last year. Second, with a strong economy, U.S. petroleum demand has run at its highest levels since 2007 and was up by more than 750,000 barrels per day in April, compared with one year ago. Next, as they do every year around Memorial Day, the start of the summer driving season, Americans are traveling more, which could raise demand further. Finally, although gasoline prices have increased recently, they’re still lower than where they were four years ago, largely because of increased domestic oil production.