Posted December 7, 2016
It’s hard to overstate the importance of America’s fracking-led energy renaissance – to our economy, individual households, energy security, the environment and to America’s ability to shape global events for the good. That last point is being underscored right now.
Posted November 16, 2016
With legislation to streamline and expedite approvals for U.S. LNG export projects pending in Congress, the U.S. ambassadors of Lithuania, the Czech Republic, Estonia, Hungary, Latvia, Poland and Slovakia wrote to congressional leaders this week, urging action. From their letter to House Speaker Paul Ryan (letters also were sent to Senate Majority Leader Mitch McConnell, Senate Minority Leader Harry Reid and House Minority Leader Nancy Pelosi):
Posted October 3, 2016
As is the case with any tradable commodity, selling U.S. natural gas outside this country promotes domestic jobs and economic growth. Expanding demand for U.S. natural gas in global markets through LNG exports will result in increased domestic investment, enhanced GDP growth, rising incomes and more well-paying jobs. At the same time, U.S. LNG exports will expand global natural gas markets – enhancing U.S. influence to encourage transparency and fair market rules while strengthening relationships with our allies.
Posted September 29, 2016
Posted September 21, 2016
With environmentalists attacking a provision in pending energy legislation that would boost the competitiveness of U.S. liquefied natural gas (LNG) exports, now’s a good time to review the reasons to expedite federal approval of LNG export projects in this country.
Posted August 20, 2016
Even in a big hydroelectric power-producing state like Oregon, petroleum-based fuels play an important energy role. Hydro accounted for 55.5 percent of the state’s net electricity generation in 2015 and supplied 34 percent of the energy Oregonians used in 2014 – the largest single energy source. Yet, combined fuels from oil and natural gas supplied 54.5 percent of the energy the state used. By itself, natural gas supplied 23 percent of the energy the state consumed.
Posted August 2, 2016
Gaining strength is the argument that the United States should move as expeditiously as possible on liquefied natural gas (LNG) export infrastructure that would help secure America’s place in the emerging global LNG market.
The added heft is seen in two ways. First, the initial U.S. shipment of LNG passed through the newly expanded Panama Canal last week, underscoring a point made in this postthat the widened canal will shorten voyage times from U.S. LNG export facilities on the Gulf Coast to Asia and the western coast of South America, boosting the competitiveness of U.S. suppliers. Reduced voyage time means quicker turnaround times, leading to better service and a boost to U.S. competitiveness.
Secondly, an International Energy Agency (IEA) report projects the U.S. will become the world’s third-largest LNG supplier in five years, behind Qatar and Australia.
Posted July 5, 2016
A newly expanded Panama Canal is open for business.
It’s noteworthy, as federal official say, that the enlarged canal can handle the vast majority of the world’s liquefied natural gas (LNG) tankers while significantly shortening travel time and transportation costs for U.S. LNG suppliers to key overseas markets. This is huge for U.S. LNG exports, offering another strong argument for swifter federal approval of pending LNG export projects.
Posted May 2, 2016
This wonderful domestic energy abundance and the global LNG market opportunities could be impacted by challenges facing infrastructure expansion here at home. America needs more energy infrastructure to move domestic supply to all areas of the country, for residential consumers, power generators and manufacturers. Yet, without stronger high-level backing, we could see these infrastructure needs delayed or rejected, as occurred last month with the proposed Constitution natural gas pipeline in New York.
Americans overwhelmingly support more energy infrastructure, and there appears to be bipartisan consensus for it in Congress. But infrastructure projects are being targeted by a vocal minority – even though increased domestic use of natural gas is the leading reason the United States is leading the world in reducing carbon emissions. A key going forward is gaining infrastructure support from the White House and the administration, said Marty Durbin, API’s executive director for market development.
Posted April 28, 2016
Bringing home recognition of the U.S. energy renaissance and its benefits to policymakers in Washington is critically important. Sustaining and growing the domestic surge in oil and natural gas production depends on forward-looking leadership and sound policies.
No less critical is increasing Americans’ buy-in on the golden opportunity to foster economic growth well into the future, create jobs, produce consumer savings and strengthen U.S. standing in the world, all thanks to more home-grown energy – and all occurring as the United States leads the world in reducing carbon emissions.