Posted July 21, 2016
Reducing government regulation found its way into a number of the speeches at the Republican Convention in Cleveland, and this is especially important to the future of America’s energy renaissance.
Along with cutting government red tape in leasing and permitting of energy projects, establishing a common-sense approach to energy regulation will help encourage the private investment and innovation that are driving the surge in domestic oil and natural gas production.
More on that below. First, remember that as the U.S. continues to lead the world in oil and gas production, we’ve seen economic benefits, cost savings for consumers, lower crude oil imports that have helped make America more energy secure and carbon emissions reductions that lead the globe.
Posted July 6, 2016
Good to hear President Obama extolling some of the benefits of the U.S. energy revolution this week in North Carolina, starting with security and consumer benefits. Both are firmly linked to surging domestic oil production – which of course is why the United States leads the world in oil and natural gas output. The president:
“Remember when we were all concerned about our dependence on foreign oil? Well, let me tell you, we’ve cut the amount of oil we buy from other countries in half. Remember when the other team was promising they were going to get gas prices down in like 10 years? We did it. … So we have been able to shape an energy policy that’s good for families, good for your pocketbook.”
Indeed, producing more oil and gas here at home has had great impact on U.S. energy security and security overall. The United States is stronger in the world today because it is less dependent on others for imported energy. According to the U.S. Energy Information Administration (EIA), net imports stood at 4.6 million barrels of oil per day in 2015 – lower than any year since they were at 4.2 million barrels per day in 1985. EIA projects that in 2040 net crude imports will drop to about 1.5 million barrels per day.
Posted June 22, 2016
It’s clear in a new Harris Poll on energy issues that Americans recognize the revolutionary opportunity that’s being afforded the United States by increased domestic energy production – consumer benefits, economic growth and increased security.
The poll’s registered voters see a new U.S. energy narrative, one of abundance that’s making America more self-reliant and stronger. Even more, those surveyed appreciate the fact that American-made energy is a path to future prosperity, and they want policies that help ensure that path is taken.
Posted June 21, 2016
There’s a reason pro-energy messages and objectives enjoy overwhelming support from the American people: Americans recognize that domestic energy production is nonpartisan and that it leads to prosperity throughout the land.
In this election year, the key is getting the folks running for office at all levels to get onboard with the voting public, for them to hear the strong pro-energy message voters are sending – seen in a new Harris Poll released at this week’s “Energy and the Election” event.
Posted June 20, 2016
New polling information that details American voters’ views on energy issues in this election year will be unveiled during an event tomorrow morning hosted by API:“Energy and the Election: What Voters Think.” You can watch the event live, starting at 9 a.m., at www.vote4energy.org.
Posted May 11, 2016
Some points for the Senate Energy and Natural Resources Committee to consider when it meets next week to review the Obama administration’s proposed 2017-2022 program for offshore oil and natural gas leasing.
First, offshore oil and natural gas production historically has played a major role in overall U.S. energy output. In 2010 more than 30 percent of U.S. oil and 11 percent of U.S. natural gas was produced in the Gulf of Mexico. So, while it’s great that the U.S. Energy Information Administration (EIA) estimates that Gulf production will increase to record high levels in 2017, every American must recognize that reaching record Gulf output next year would result because of leasing decisions made a decade or more ago.
In that context, let’s be clear: The federal offshore leasing program must reflect energy leadership and vision, and it must be focused on fostering opportunity. It must not reduce America’s offshore energy potential by keeping key offshore areas off the table for development.
Posted April 14, 2016
Take a look at details of API’s energy policy recommendations to the two political parties from this week’s Vote4Energy event. They include access to oil and natural gas resources and an approach to oversight that fosters the goal of safe and responsible energy development.
Access is critically important, especially when you’re talking about developing offshore oil and natural gas reserves. Today, 87 percent of offshore acreage under federal control remains off limits to energy development.
Posted April 12, 2016
In terms of energy policy, the United States is at an important crossroads. The ongoing American energy renaissance – which has seen domestic crude oil production surge 88 percent between 2008 and 2015, and natural gas output increase 48 percent since 2005 – has changed the U.S. energy story from one of scarcity and limitations to one of abundance and opportunity. With that opportunity comes responsibility to make policy choices to sustain and grow the country’s new energy momentum.
That’s the backdrop for an important Vote4Energy event on Wednesday in Washington, D.C., where API will present its energy policy recommendations to the platform-writing committees of the Democratic and Republican parties. The event will be livestreamed here beginning at 8:30 a.m. API President and CEO Jack Gerard:
“The United States is the world’s leading producer of oil and natural gas, and as a result of greater use of clean-burning natural gas and cleaner, more efficient fuels, we are also a world leader in reducing carbon emissions and other air pollutants. We have a proven model for achieving environmental progress without sacrificing jobs, economic growth, energy security or consumer affordability. Our political leadership has the opportunity to continue, and expand upon, the American energy revolution.”
Seizing the opportunity we have because of our new energy abundance is critically important. Details from API’s platform report will be released Wednesday, but they surely will include policies to advance safe and responsible domestic energy production, the need for a fair regulatory approach that avoids unnecessary duplication and recognizing that the country’s energy and environmental goals are best met through private innovation and investment in cooperation with government. Gerard:
“The goal of a national energy policy must be to ensure a secure supply of abundant, affordable and available energy for the American people in an environmentally responsible manner.”Tune in for the event on Wednesday morning and join the conversation on Twitter by using the #Vote4Energy hashtag.
Posted February 4, 2016
With the president scheduled to put forward his last budget next week, here’s a short list of principles that should guide energy policy – because all will help sustain and grow the ongoing U.S. energy revolution. They include: reliance on industry innovation that has been the driving force behind America’s energy renaissance – innovation that launched the surge in shale energy production, prompting increased natural gas use and resulting in lower carbon emissions; embracing the successful, free-market approach to energy and economic growth while lowering emissions by basing decisions on sound science; and allowing more opportunities for energy exploration and development.
Erik Milito, API’s director of upstream and industry operations, talked about the policy pathway to energy growth and American prosperity during a conference call with reporters.
Posted December 11, 2015
Then there’s this from Alaska: Falling oil revenues have the governor in that energy-rich state asking his legislature to plug a $3.5 billion hole in the state budget by imposing a small income tax (Alaska hasn’t had one for 35 years), other tax hikes, budget cuts and a reduction in the annual dividend Alaskans get from the state’s Permanent Fund.
Now, it might not bother you much that Alaskans soon could be paying higher taxes. But there’s another story playing out in Alaska and other places that should trouble all Americans: Access to U.S. energy is being restricted – by policy and regulation – in ways that could imperil America’s energy revolution and the generational opportunities that are being created by that revolution.