The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

energy-policy  over-regulation  waxman-markey 

Jane Van Ryan

Jane Van Ryan
Posted September 18, 2009

Yesterday, API hosted bloggers for a conference call focusing on the status of upcoming energy legislation and API's current legislative priorities. API President and CEO Jack Gerard took questions from the bloggers, along with API experts John Felmy, Doug Morris and Kyle Isakower. Topics discussed included the Waxman-Markey bill and access to domestic reserves of oil and natural gas. 

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over-regulation  prices  pricewaterhousecoopers 

Mark Green

Mark Green
Posted September 18, 2009

In response, however, I would like to point out that assertions that oil and natural gas companies receive subsidies through programs like the Highway Trust Fund, the Low Income Home Energy Assistance Program and the Strategic Petroleum Reserve are ludicrous. This study is an irresponsible rendition based on a contorted recycling of government data that should never be used to craft national policy - especially a tax increase on the oil and natural gas industry that would raise energy costs and kill jobs.

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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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domestic-access  energy-policy  leasing  over-regulation  legislation  energy-resources 

Jane Van Ryan

Jane Van Ryan
Posted September 17, 2009

The Committee on Natural Resources in the U.S. House of Representatives held a hearing today on a proposal called the Consolidated Land, Energy and Aquatic Resources Act of 2009. While it's often referred to as an energy bill, it's actually an Un-Energy bill. 

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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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energy-citizens  over-regulation  waxman-markey 

Jane Van Ryan

Jane Van Ryan
Posted September 16, 2009

This week's episode tells the story of the Energy Citizens rallies, which provided concerned Americans the opportunity to voice their opinions on the Waxman-Markey climate bill. The series of 20 rallies held across America gave people from all walks of life the chance to let their representatives in Washington know they need to protect jobs and support responsible energy legislation.

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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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