Posted October 13, 2016
Posted September 21, 2016
New Hampshire is without oil and natural gas reserves of its own. Nuclear accounted for about 47 percent of the state’s net electricity generation last year, with natural gas supplying about 30 percent. But since that gas – as well as natural gas for home heating – must come from elsewhere, the state (and the rest of New England for that matter) is engaged in an important conversation over ensuring adequate pipeline capacity to meet home, commercial and industrial needs.
Posted July 15, 2016
When approximately 4,700 delegates and alternates gather in Cleveland next week for the Republican National Convention, energy will play a major role – powering the Quicken Loans Arena, transporting delegates and support staff to and from “The Q,” running television broadcast equipment, cooking food, supporting high-tech communications and much more.
Think about energy’s role this way: Without modern energy supplied by oil and natural gas, the event would bear a strong resemblance to the GOP’s 1860 convention, when Abraham Lincoln was nominated at the Wigwam in Chicago.
Posted July 14, 2016
CNBC has put out its annual ranking of America’s top states for business, an analysis based on a number of things including metrics for workforce, infrastructure, access to capital and quality of life. Another of those metrics, cost of living, caught our eye because energy was part of the calculation. Indeed, in CNBC’s ranking of the country’s 10 most expensive states to live in, the cost of energy to residents a key factor.
Five members of that dubious top 10 are New York, Connecticut, Massachusetts, Rhode Island and New Hampshire, and energy costs there are higher than they need to be. According to the U.S. Energy Information Administration (EIA), those states and neighbors Maine and Vermont all had costs for residential electricity and natural gas that exceeded national averages this past winter. Of course, these states are located in a part of the country where more energy infrastructure (see previous posts here and here) could positively impact energy costs.
A couple of charts show the cost being borne by consumers in those states, in part, because there’s inadequate natural gas pipeline infrastructure to meet home heating and power generation needs during peak winter months.
Posted July 11, 2016
The U.S. Energy Information Administration’s (EIA) annual energy conference is under way in Washington, D.C. Here are a few highlights from the first slate of speakers, which included John Holdren, assistant to the president for science and technology, and Gregory Goff, Tesoro Corporation president and CEO.
Holdren went first, saying that the driver of technology in the future will be finding solutions to what he called the energy/climate challenge:
“Without energy there is no economy, without climate there is no environment and without economy and environment there’s no well-being, there’s no civil society, there’s no personal or national security, there’s no economic growth."
Posted June 3, 2016
As social media really wants you to know, today is National Doughnut Day, so whether you spell it long or go with donut for short, here are an "energy dozen" to take in while enjoying your tasty treat.
Posted April 5, 2016
Last week EPA launched a new program it hopes will encourage U.S. oil and natural gas companies to voluntarily focus on reducing methane emissions from oil and gas operations. EPA:
The Methane Challenge Program will provide partner companies with a platform to make company-wide commitments to cut emissions from sources within their operations by implementing a suite of best management practices within five years. Transparency is a fundamental part of the program, and partner achievements will be tracked by submitting annual data directly to EPA.
Two points: First, our industry is already on it, deploying technologies, innovation and yes, best management practices, effectively capturing methane from energy operations. And it’s succeeding. EPA data shows that since 2005 methane emissions from field production of natural gas have dropped 38 percent, and emissions from hydraulically fractured natural gas wells have dropped 79 percent – at a time of surging natural gas production.
It’s happening because energy companies are working hard to collect methane, the main component of natural gas, for the market. Indeed, the abundance of domestic natural gas is helping lower consumer energy costs for U.S. consumers – including those in the Northeast, which historically has paid more for electricity than other parts of the country – and increasing average annual household disposable income by $1,200.
Posted February 24, 2016
Two separate but related news items last week demonstrate the economic promise and geopolitical significance of America’s natural gas export opportunity.
The first headline, “U.S. LNG Set to Hit Global Market,” signifies a landmark moment in America’s trajectory from energy scarcity to abundance. The export facility covered in the article – Cheniere Energy’s Sabine Pass in Cameron Parish, La. – actually opened as a liquefied natural gas (LNG) import terminal in 2008. Just two years later in September 2010, it became the first U.S. facility to apply for a Department of Energy permit to export LNG. After a decade that saw U.S. natural gas production jump 45 percent – and following an extensive review process – Sabine Pass is set to ship its first cargo to Europe.
Posted January 29, 2016
Politicians like to have visions – often broad aspirational statements that are mostly detached from any number of realities. We’re not opposed to visions per se, yet it’s good to remember a maxim that’s popular in the military: A vision without resources is a hallucination. So here’s our vision, outlined by API President and CEO Jack Gerard earlier this month:
“Energy is fundamental to our society … In this New Year let us all resolve to work together toward a shared vision of a world where everyone – without regard to zip code, state, nation, continent or hemisphere – has access to reliable, safe and affordable energy.”
This is no aspiration detached from reality. We know how to get the needed resources to actualize this vision – a market-driven, consumer-focused approach to energy policy that boosts our nation’s economy, helps the environment and benefits energy users here and around the world.
Posted January 28, 2016
The U.S. Energy Information Administration (EIA) reports that a number of recently completed and soon-to-be-completed pipeline projects are expected to increase access to natural gas from the Marcellus and Utica shale regions, providing valuable linkage between production centers and consumers or export terminals.
We see the increase in natural gas pipeline capacity in the Northeast region, which is particularly critical because the Northeast has suffered negative effects from energy infrastructure limitations. EIA estimates that Northeast residents paid up to 68 percent more for electricity than the national average in the winter of 2014, while industrial users paid up to 105 percent more for electricity than the national average. Indeed, greater capacity is key to staving off economic penalties that could stem from insufficient infrastructure. One study estimated that failure to expand natural gas and electricity infrastructure in the Northeast could cost the region’s households and businesses $5.4 billion in higher energy costs and more than 167,000 private-sector and construction jobs between 2016 and 2020.
So this is good news for the Northeast, but also other regions.