The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

innovation  technology  offshore-development 

Mark Green

Mark Green
Posted May 8, 2014

At the heart of the 2014 International Oil Spill Conference (IOSC) in Savannah, Ga., is the exhibitors’ hall where the latest equipment, technologies and services – for spill prevention, preparedness, response and restoration – are on display. This is cutting-edge technology and know-how that’s key to industry’s environmental commitment and sustaining energy development.

The conference hall echoes with conversation. Aisle after aisle is stocked with dozens of display booths featuring the latest in skimmers, scoopers, soakers, detectors, boom manufacturers, deployment equipment, containment receptacles, pumps, amphibious tractor/crawlers and consulting services – including one outfit, Exponent, whose display table giveaway is a light gray, palm-sized squeezable tension/anxiety reducer shaped like a brain. Gray matter. And there’s more, much more.

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offshore-leases  offshore-development  outer-continental-shelf  gulf-of-mexico  eastern-gulf-of-mexico  atlantic-ocs  job-creation 

Mark Green

Mark Green
Posted March 19, 2014

This week’s central Gulf of Mexico lease auction, which saw oil and natural gas companies pledge more than $850 million in winning amounts, certainly helps support the United States’ status as an energy superpower. Developing more of our own oil and natural gas – and this week’s auction is a big step toward production – makes our country more energy secure, creates jobs and boosts the U.S. in global energy marketplace.

The potential benefits from future energy production from this week’s auctioned leases – jobs, economic growth and revenue for government – also suggest a couple of “what ifs”: What if the federal government included the Atlantic Outer Continental Shelf (OCS) in its next five-year leasing plan, the first step toward development in those areas? What if the U.S. opened more of the eastern Gulf to exploration and development?

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seismic-survey  seismic-technology  offshore-development  outer-continental-shelf  atlantic-ocs 

Mark Green

Mark Green
Posted February 27, 2014

The federal government has released its environmental review on the potential impacts of seismic surveying on the Atlantic outer continental shelf (OCS) – testing that’s key to future oil and natural gas development off the U.S. coast, from Delaware to central Florida. That development could significantly add to domestic energy production, create jobs and stimulate economic growth and strengthen America’s energy security.

By permitting seismic surveying in the Atlantic and including Atlantic lease sales in the federal government’s next five-year leasing plan, we could see major benefits, according to a study by Quest Offshore Resources.

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offshore-access  offshore-development  american-energy  economy  jobs  gulf-leases  revenue 

Mary Leshper

Mary Schaper
Posted October 22, 2013

Domestic oil and natural gas development is a key driver of America’s economy and global energy security, API’s director of upstream and industry operations Erik Milito told reporters yesterday. Access to offshore resources currently off-limits in the Atlantic, Pacific and Eastern Gulf of Mexico  could supply even more of the energy and jobs Americans need. Milito:

“Americans are eager to put more of our offshore energy resources to work. If exploration and development is allowed to safely expand to new areas, domestic oil and natural gas could provide more energy, jobs and government revenue than ever before.”

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offshore-development  onshore-leases  government-revenues  royalties  taxes 

Mark Green

Mark Green
Posted October 17, 2013

With the ongoing budget debate in Washington serving as backdrop, let’s review ways America’s oil and natural gas industry generates revenue for our government – and the smart path to increasing that contribution in coming years.

First, our industry currently supplies $85 million a day in revenue to the U.S. Treasury via income taxes, royalties, rents and other fees. Second, industry is paying its fair share and more with an effective tax rate of 44.6 percent averaged over 2007-2012 – compared to 37.7 percent for retail, 25.6 percent for computer and peripherals and 21.3 percent for pharmaceuticals. And it could deliver more through increased domestic production made possible by greater access to U.S. reserves.

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energy-101  hydraullic-fracturing  keystone-xl  oil-sands  shale-benefits  lng34  lng-exports  offshore-development  offshore-access 

Mary Leshper

Mary Schaper
Posted July 8, 2013

Reason - The Top Five Lies About Fracking

 Science writer Ronald Bailey highlights five falsehoods about hydraulic fracturing, from flaming faucets to water contamination. “Over 500,000 gas wells are currently operating in the United States,” Bailey writes. “Most of them manage to avoid blowing up houses, poisoning drinking water, making it hard to breathe, causing cancer...”

 Fuel Fix Blog – Oil to Flow Through Keystone XL’s Southern Leg This Year

 While the northern leg of the pipeline is going on five years waiting on approval from the Obama administration, the southern portion of the project is nearing completion. By the end of the year, the pipeline is expected to carry up to 700,000 barrels of oil per day from Cushing, Okla., to the coast of Texas.

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energy-policy  keystone-xl  offshore-development 

Mark Green

Mark Green
Posted October 11, 2012

These bills are not "gifts" to the oil and natural gas industry, they are efforts to expand the benefit that the oil and natural gas industry is providing the U.S. economy. Opposition to them, and other attempts to limit safe and responsible domestic development, not only ignore our current economic situation and our energy reality, they also ignore the wishes of a strong majority of the American people who have been unrelenting in their priorities – economic growth and jobs.  The oil and natural gas industry can provide both.

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domestic-energy  energy-policy  florida  offshore-development  offshore-drilling  outer-continental-shelf 

Jane Van Ryan

Jane Van Ryan
Posted April 20, 2010

In today's episode, I interview Rep. Dean Cannon, Speaker Designate of the Florida House of Representatives, about his bill to open up Florida's State-owned waters to offshore drilling. Rep. Cannon says this proposed bill would help boost the state's economy while protecting Florida's tourism sector. He also references a recent study, conducted by the Willis Group, which shows the low risks associated with offshore drilling. 

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