The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

outer-continental-shelf  offshore-oil  natural-gas  gulf-of-mexico 

Mark Green

Mark Green
Posted January 31, 2012

“…tonight, I’m directing my administration to open more than 75 percent of our potential offshore oil and gas resources.” -  President Obama 2012 State of the Union

So, 75 percent – that must be good, right?  Well, not exactly.  Let’s take a look at what the Proposed Outer Continental Shelf Oil & Gas Leasing Program 2012-2017 actually provides:

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subsidies  natural-gas  policy 

Mark Green

Mark Green
Posted January 30, 2012

In the video below API tax policy advisor Brian Johnson explains why rhetoric about oil and natural gas companies benefiting from taxpayer subsidies is just that, rhetoric.

Creating much of the confusion is the way terms like “subsidies” and “deductions” get used interchangeably. Does the oil and natural gas industry benefit from taxpayer subsidies? “Nothing could be further from the truth,” Johnson says. Take a look:

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oil-sands  natural-gas  keystone-xl  energy  eia-forecast  domestic-energy  access 

Mark Green

Mark Green
Posted January 26, 2012

Interesting piece by the Washington Post’s Robert Samuelson, analyzing America’s energy future in light of new government figures showing increased domestic oil and natural gas production:

“Despite big gains in energy efficiency and increases in ‘renewables’ (wind, solar, biofuels), fossil fuels will remain the mainstay of America’s energy system for years. In 2010, fossil fuel represented 83 percent of U.S. energy consumption, with oil at 37 percent, natural gas at 25 percent and coal at 21 percent. Although total energy use grows only 10 percent between 2010 and 2035, the fossil-fuel share stays high at 77 percent in 2035. Oil is 32 percent, natural gas 25 percent and coal 20 percent.”

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new-york  natural-gas  foundation-for-land-and-liberty  hydraulic-fracturing 

Mark Green

Mark Green
Posted January 26, 2012

The clash between rural New York state mineral rights owners and opponents of natural gas development comes through in a new short film, “The Empire State Divided,” by the Foundation for Land and Liberty. The 22-minute film is divided into three parts. Check out part 1 below and see all three here.

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state-of-the-union  oil-sands  natural-gas  keystone-xl  hydraulic-fracturing  energy-policy  energy  access 

Mark Green

Mark Green
Posted January 25, 2012

There were lots of energy mentions in the president’s State of the Union speech, and we appreciate every one of them because they likely will stimulate increased discussion of energy issues in our country. In that way we join the president in trying to make more Americans aware of the country’s stake in energy  – in terms of jobs, economic growth and security.

We agree with a number of things the president said. Indeed, the men and women of America’s oil and natural gas companies already have been working in many of the areas mentioned by the president. And they’re willing to do more.

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natural-gas  energy  economic-growth  domestic-oil 

Mark Green

Mark Green
Posted January 24, 2012

News this week of increased domestic oil and natural gas production is welcome indeed – because increased production means jobs, economic growth and greater energy security for America.

That the president is calling for more American oil and natural gas, while acknowledging that the hard-working men and women of the oil and gas industry are helping lead our economic recovery is great, too. Thanks, Mr. President, for recognizing that this industry can create jobs and produce the energy to fuel our economy, while building a base for manufacturing and other industries.

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natural-gas  energy-information-administration 

Mark Green

Mark Green
Posted January 23, 2012

The outstanding statistic in the U.S. Energy Information Administration’s preview of its 2012 Annual Energy Outlook is the forecast for natural gas. EIA says that gas from shale and tight gas will account for 70 percent of the United States’ overall natural gas supply in 2035. Here’s their chart:

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natural-gas  energy-information-administration  energy-demand  energy  eia34  access 

Mark Green

Mark Green
Posted January 23, 2012

According to the U.S. Energy Information Administration (EIA), the world’s demand for energy is going to increase by nearly 50 percent by 2035. Based on EIA projections, this graphic from API’s 2012 State of American Energy report shows that oil and natural gas is expected to supply 52 percent of that energy, only slightly less than today’s share (55 percent).

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