Posted August 24, 2015
Two items from the weekend help sharpen the focus a strategic choice before Americans as they look to the future: Which energy path will we take?
One path leads to increased domestic energy development. It’s typified by safe and responsible oil and natural gas production that harnesses America’s energy wealth to create jobs, grow the economy and make the U.S. more secure in the world.
Another path likely would lead to very little of the above. It’s characterized by unnecessary regulation and self-limiting policies that hinder or block domestic development. America would be less secure, economically and in the world, and our allies, too.
The two paths, two very different futures – for American energy and America.
Posted August 18, 2015
So, the EPA looked at declining methane emissions …
Down 79 percent from hydraulically fractured wells since 2005; down 38 percent from natural gas production overall from 2005 to 2013; and emissions down – while natural gas production soared ...
... and decided new methane regulations were the thing to do anyway.
Posted August 14, 2015
We’ve put up a number of posts recently that argue for lifting the United States’ decades-old ban on exporting domestic crude oil – citing sound economic, trade and security reasons. Underlying them all is this: As an energy superpower, America will see more benefits here at home, be more secure and help make the world safer if U.S. crude is allowed to trade freely in the global marketplace.
Now, there is a compelling, market reason for urgency in ending the export ban – a self-sanctioning relic of the 1970s that hinders U.S. global competitiveness while impeding domestic energy development and economic growth. That would be the impacts on global crude markets if/when Iran resumes exporting oil under the proposed nuclear agreement the White House is advancing.
Posted July 30, 2015
We’ve stressed the economic benefits of lifting the ban on U.S. crude oil exports – GDP growth, job creation and consumer savings – because they’re considerable and would affect virtually every American in a positive way. No less important are the benefits for American security and foreign policy from letting U.S. crude trade freely in the global marketplace. API President and CEO Jack Gerard:
“Experts across the academic and political spectrum agree that American exports would spur greater U.S. oil production, put more oil on the world market, and reduce the power that foreign suppliers have over our allies. Our ability to strengthen the global energy market against future disruptions will shape events around the globe, adding a key tool to America’s diplomatic arsenal.”
Posted July 29, 2015
The current crude oil export debate basically is about global competition – and whether the United States will stop sanctioning itself and let an American commodity trade freely on the global market.
An irony – we’ll call it the “Iran Irony” – underscores the anti-competitive nature of our outdated ban on oil exports and the strategic shortsightedness of maintaining it.
The “Iran Irony” is this: While the U.S. advances a nuclear deal that would let Iran reemerge as a major oil supplier on the global market – to Iran’s economic and competitive gain – the United States denies itself similar benefits by banning its own crude exports. This is hurting America’s global competitiveness, diminishing the potential positive impacts of America’s rise as an energy superpower.
Posted July 23, 2015
At an event last month, API President and CEO Jack Gerard sketched the broad outlines for a national conversation on energy, connecting energy policy with the approaching 2016 elections. It’s an appropriate linkage.
Our country has become a global energy superpower thanks largely to private innovation and entrepreneurship, which have created a generational opportunity – “the American moment,” Gerard called it. Sustaining the energy revolution requires vision, right policies and action – and the right leadership, which is why the 2016 vote matters. The energy path to help spur economic growth and prosperity and to increase national security is one that should transcend party politics.
Posted July 10, 2015
Here’s one takeaway from IHS’ new research report on Canadian oil sands: Thank goodness for Canada and its oil sands.
Along with our own domestic energy renaissance, oil sands imports from our northern neighbor and ally are growing America’s energy security. Oil sands crude is critically important now and will be into the future, IHS says – which is why we here in the United States should be ever so grateful for our energy partnership with Canada and attentive to ways that relationship can be strengthened.
Yes, that’s a reference to the long-languishing Keystone XL pipeline. If we’re serious about oil sands development – and IHS’ report strongly suggests Americans should be – then we should quit politicking to death the single biggest infrastructure project at hand that would facilitate oil sands transportation to the U.S.
Posted July 3, 2015
What makes you happy? Good health? A pleasing career, your family’s well-being, realizing dreams? There are many things we could list that lead to happiness. One of the glories of America is that it’s up to us as individuals to choose – the search for happiness being fundamental to what it means to be an American.
Posted July 2, 2015
A few months ago API President and CEO Jack Gerard explained why America is experiencing an energy revolution:
“We got to this era of energy abundance and global energy leadership because of the entrepreneurial spirit of the private sector, the hard work of the American worker and the unique system of private property and individual rights of the American marketplace.”
Posted July 1, 2015
This weekend our country celebrates 239 years of independence, as well as our collective belief in equality and unalienable rights – enumerated in the Declaration of Independence as “Life, Liberty and the pursuit of Happiness.” Heading into Independence Day 2015, it’s fitting to draw some connections between American energy and American life, liberty and the pursuit of happiness. Today: life.
It’s hard to imagine modern life – in America or anywhere else for that matter – without liberal access to energy. It’s fundamental to sustaining life as we know it, while also providing fundamental opportunity to people across the globe for whom life is a daily struggle. Let’s take a look at some charts from Max Roser’s Our World In Data project. First is global energy use, with energy use starting to grow slowly around the 1900 and then taking off after World War II.