The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

domestic-drilling  energy  energy-tomorrow  energytomorrow  offshore-drilling  outer-continental-shelf 

Jane Van Ryan

Jane Van Ryan
Posted October 15, 2009

Virginia Delegate Chris Saxman--a featured speaker at the Richmond Energy Citizens rally--authored an op-ed in today's Richmond Times-Dispatch highlighting the one-year anniversary of lifting the Congressional OCS moratorium and the continued lack of progress on offshore energy development.

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climate  climate-bill  climate-change  congress  energy  energy-citizen  energy-citizens  energy-tomorrow  kerry-boxer  waxman-markey 

Jane Van Ryan

Jane Van Ryan
Posted October 9, 2009

Although it appears that the Senate climate bill won't come to the floor for a few weeks, work continues on climate legislation in Washington. According to an AP news report, the White House has stepped up its lobbying efforts to push for a bill, and administration officials have met with more than half of the senators as well as mayors and governors to drum up support. The report also quotes Carol Browner, the president's assistant for energy and climate change, as saying the goal "is to get the bill moving and keep it moving." 

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domestic-energy  energy  energy-policy  gasoline  taxes 

Jane Van Ryan

Jane Van Ryan
Posted September 18, 2009

Did you know that the top economist at the U.S. Treasury believes the United States is producing too much oil and natural gas?

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demand  distribution  energy  gasoline 

Jane Van Ryan

Jane Van Ryan
Posted September 16, 2009

Federal Reserve Chairman Ben Bernanke yesterday proclaimed that the recession appears to be ending. He based his comments in part on new data showing that consumer spending in August hit its highest level in three years. 

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energy  energy-policy  revenue  royalties  royalty-in-kind 

Mark Green

Mark Green
Posted September 16, 2009

Today, U.S. Interior Secretary Ken Salazar announced that he would terminate the Royalty-in-Kind (RIK) program, which collected $6.6 billion in oil and gas deliveries in fiscal 2008, and is one of the government's largest sources of non-tax revenue. The program is an effective means of ensuring that the American people receive fair compensation for development of federal resources.

Terminating this straight-forward method of handling royalty payments runs the risk of raising administrative costs and adding additional layers of paperwork required to determine the value of oil and gas production. The Minerals Management Service itself noted administrative efficiencies brought on by the program, and pointed out that another benefit of RIK is the reduction in costly lawsuits tied to product valuation.

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canada  domestic-energy  energy  energy-policy  oil-sands  revenue 

Mark Green

Mark Green
Posted September 16, 2009

This week, Canadian Prime Minister Stephen Harper will visit the United States, and high on the agenda in discussions with President Obama should be our country's energy partnership with Canada.

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climate-change  congress  energy  energy-policy  over-regulation  prices  waxman-markey 

Jane Van Ryan

Jane Van Ryan
Posted September 15, 2009

In this blog, I've discussed a Heritage Foundation study that finds gasoline prices would increase significantly in order to meet emissions limits imposed by the Waxman-Markey legislation.

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energy  energy-citizens  energy-policy 

Jane Van Ryan

Jane Van Ryan
Posted September 14, 2009

An editorial from today's Oil & Gas Journal makes an important observation at a time when Congress is poised to enact wide-ranging energy and climate change laws. The editorial notes, "...affiliation with the oil and gas industry discredits whatever a person might say on the subject of energy." The author argues that this tactic muffles the industry's political voice and expertise and exposes the United States to costly mistakes on energy.

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congress  domestic-energy  energy  energy-costs  energy-policy  obama  taxes 

Jane Van Ryan

Jane Van Ryan
Posted September 11, 2009

Yesterday, API Chairman J. Larry Nichols told Congress that the Obama administration's $80 billion tax increase on America's oil and natural gas industry is based on myths and would result in less oil and natural gas for consumers, higher energy costs and kill jobs at a time when the nation's economy needs all the help it can get.

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access  domestic-energy  energy  energy-policy  energy-taxes  pricewaterhousecoopers  revenue  taxes 

Jane Van Ryan

Jane Van Ryan
Posted September 9, 2009

A new PricewaterhouseCoopers (PwC) study released today found that the U.S. oil and natural gas industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services. 

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