The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

analysis  pennsylvania  crude-oil  exports  lng34  liquefied-natural-gas  gasoline-prices 

Reid Porter

Reid Porter
Posted September 4, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Pennsylvania. We started the series with Virginia on June 29 and began this week with reviews of LouisianaRhode IslandNevada and New York. Information for all 50 states can be found online here, arranged on an interactive map of the United States.

As we can see with Pennsylvania, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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analysis  new-york  ozone-regulations  ozone-standards 

Reid Porter

Reid Porter
Posted September 3, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with New York. We started the series with Virginia on June 29 and began this week with reviews of LouisianaRhode Island and Nevada. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with New York, the energy impacts of the states individually combine to form energy's national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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analysis  renewable-fuel-standard  rfs34  e1534  e8534  epa34  regulation 

Mark Green

Mark Green
Posted September 2, 2015

Finalized federal requirements for ethanol use in 2014, 2015 and 2016 under the Renewable Fuel Standard (RFS) are scheduled to come out later this year. As EPA completes work on them, the interests of American consumers should be put ahead of special ethanol interests. At the same time, policymakers should recognize that the RFS is broken, out of date and should be repealed.

Ethanol supporters argue that RFS mandates can be met by pushing out more E15 and E85 fuel, which contain higher levels of ethanol than E10 gasoline that’s standard across the country. But this would disregard potential risks to consumers and small businesses. A number of organizations argue that point in official comments to EPA on the RFS, which can be found here.

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analysis  nevada  economy  ozone-standards 

Reid Porter

Reid Porter
Posted September 2, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Nevada. We started the series with Virginia on June 29 and began this week with a review of Louisiana and Rhode Island. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Nevada, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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analysis  energy-exports  crude-oil  eia34  economic-benefits  oil-production  american-petroleum-institute 

Mark Green

Mark Green
Posted September 1, 2015

Some quick points from the new crude oil exports study from the U.S. Energy Information Administration (EIA):

First, like a series of other studies before it, EIA’s study finds that lifting America’s 1970s-era ban on exporting domestic crude oil would not negatively affect U.S. consumers. EIA says:

Petroleum product prices in the United States, including gasoline prices, would be either unchanged or slightly reduced by the removal of current restrictions on crude oil exports.

EIA projects that ending the export ban – which would allow shut-in domestic crude to access global crude oil markets – would spur more domestic production. Then the global supply/demand would become “looser,” putting downward pressure on global crude prices, resulting in “lower petroleum product prices for U.S. consumers.

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analysis  ozone  colorado  economic-impacts  epa34  regulation 

Mark Green

Mark Green
Posted September 1, 2015

Surely, more state governors soon will echo the concern of Colorado’s John Hickenlooper for the potential economic impacts on his state of stricter ozone standards proposed by EPA. That is, any governor concerned about what it could mean for growth and progress if large chunks of his or her state were declared out of compliance.

In Colorado, that could be more than $19 billion in gross state product losses from 2017 to 2040 and nearly 11,000 lost jobs or job equivalents, according to a study by NERA Economic Consulting.

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analysis  rhode-island  hydraullic-fracturing  wood-mackenzie 

Reid Porter

Reid Porter
Posted September 1, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Rhode Island. We started the series with Virginia on June 29 and reviewed Louisiana to begin this week. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Rhode Island, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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analysis  energy-exports  crude-oil  mexico  economic-benefits  refineries 

Mark Green

Mark Green
Posted August 31, 2015

More about last week’s Commerce Department decision to allow U.S. crude oil swaps with Mexico – basically, a positive step in the direction of lifting America’s 1970s-era ban on exporting domestic crude.

An analysis by the U.S. Energy Information Administration (EIA) says the exchange of light U.S. oil for heavier Mexican oil will generate economic and environmental benefits. The economic piece certainly is consistent with a number of studies that say lifting the ban and exporting domestic crude will generate broad benefits for our economy and savings at the pump for U.S. consumers, while spurring domestic production.

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analysis  lousiana  exports  wood-mackenzie 

Reid Porter

Reid Porter
Posted August 31, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Louisiana. We started the series with Virginia on June 29. All information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information across the country will be populated on this map as the series continues.

As we can see with Louisiana, the energy impacts of the states individually combine to form energy’s national economic and jobs picture: 9.8 million jobs supported and $1.2 trillion in value added.

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analysis  alaska  oil-and-natural-gas-development  president-obama  economic-benefits  climate 

Mark Green

Mark Green
Posted August 28, 2015

When President Obama arrives in Alaska on Monday, he is expected to spend much of his time talking about climate. From a White House explainer on the president’s visit:

… President Obama will travel to Alaska and shine a spotlight on what Alaskans in particular have come to know: Climate change is one of the biggest threats we face, it is being driven by human activity, and it is disrupting Americans’ lives right now.

What the president should hear is that the people of Alaska, one of the most energy resource-rich states in the Union, embrace both energy development and climate and environmental goals. They’ve lived that embrace and depend on it. They’re wary of Washington disrupting the relationship. While the Obama administration has approved Shell’s exploratory drilling in the waters off the state’s northern coast, it also has moved to exclude energy development in other state areas.

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