Posted May 2, 2018
The most recent federal Gulf of Mexico oil and natural gas lease sale was described in some media reports as “disappointing,” “modest” and “tepid.” But there’s another, more positive way to look at it.
First, every offshore lease sale the federal government holds is welcome by industry, because each represents new opportunity for the market to work as it should – with companies making investment decisions based on the potential for significant natural gas and oil production.
A more important point underscored with the Gulf sale is one we’ve been making for some time – that the federal government needs to make available new offshore areas for study, research, exploration and development.
Posted May 1, 2018
While the Trump administration continues to sort out who will or won’t be subject to steel and aluminum tariffs, the under-reported aspect of the larger tariff-trade story is the potential impact of the tariff exemption process on U.S. industries that use lots of steel – including ours.
The reality is that businesses and industries that rely on imported steel to complete important projects efficiently and economically are in the middle of a nightmarish, bureaucratic mishmash only Washington could foist on private enterprise. That is, the laborious application for an exemption from the steel tariff – an import duty that could end up impacting consumers and our nation’s energy security.
To understand what’s going on, start by imagining the world’s largest snarl of red tape. It might look something like the world’s largest ball of twine, only red.
Posted April 26, 2018
During recent visits to three universities, my goal was to have conversations with students who might be part of the next generation of the energy workforce – talking with them about energy, global markets, the potential for rewarding careers and the advanced technologies we use to safely and responsibly develop the energy our country needs to grow its economy and increase its security.
I visited with 110 graduate and undergraduate students at the University of Pennsylvania, Tulane (photo below) and Rice universities – many of whom hope to work in the energy industry, and others who recognize the ways energy affects careers in manufacturing, finance, trading and other fields.
Posted April 25, 2018
There are plenty of statistics out there to measure the scope of U.S. natural gas production. The United States is the No. 1 natural gas producer in the world, producing 78.9 billion cubic feet per day in 2017. Exports of liquefied natural gas (LNG) nearly quadrupled in 2017, making the U.S. a net natural gas exporter for the first time in nearly 60 years and supporting hundreds of thousands of jobs across the nation.
The numbers are impressive, but the economic and climate benefits they make possible are even more remarkable. In a new series of short videos, we’ve boiled down the natural gas advantage into five words.
Posted April 24, 2018
It’s a myth in Washington that when regulating energy, more is better. Sometimes, it’s just more, as in more burdensome – potentially hindering safe and responsible energy development that strengthens our country’s security and boosts its economy. Two facts: Natural gas and oil are well regulated, and our industry supports smart, effective regulation.
Posted April 19, 2018
American consumers take a keen interest in energy prices, for the health of their pocketbooks as well as their livelihoods and security. More than 10.3 million people directly or indirectly support the industry, and tens of millions more people own or work for businesses that depend on having abundant and affordable energy.
What happens in energy markets also is important to our business literacy and understanding of how the United States’ role in global commerce has evolved thanks to the energy renaissance. Not so long ago, many energy-intensive U.S. industries were hollowed out as jobs moved offshore. Thanks to American innovation, today the high availability and low prices of natural gas, natural gas liquids (NGLs) and oil have stimulated demand and investment while also helping to improve efficiency and return energy-related CO2 emissions to near their 25-year lows.
Posted April 18, 2018
The deep relationship between the U.S. natural gas and oil industry and America’s building trades unions – the men and women who build much of our country’s energy infrastructure – is getting deeper.In remarks to the annual legislative conference of North America’s Building Trades Unions (NABTU), API President and CEO Jack Gerard announced a new program to join the best practices of the two organizations in a new safety initiative, applicable to all energy infrastructure construction.
Posted April 16, 2018
Posted April 12, 2018
The Environmental Defense Fund’s plan to send up a satellite in two or three years to monitor methane emissions on earth from space generated headlines (some of the coverage here and here) and at some point can add to the knowledge base useful in advancing emissions goals. While EDF prepares for orbit, on terra firma our industry continues to use state-of-the-science technologies to reduce methane emissions from natural gas systems. With success: Emissions decreased 16.3 percent between 1990 and 2015, even as production increased nearly 52 percent.
This is a terrific, ongoing story that sometimes can get lost in the daily back and forth over who’s doing what on climate: Industry reducing emissions while also producing a natural gas abundance that benefits consumers, manufacturers and the environment, taking a lead role in reducing carbon dioxide levels to 25-year lows.
Posted April 10, 2018
Men and women who’ve worn the uniform of the United States view “energy security” through a different lens than the rest of us. To many of them the American energy revolution – with oil production projected to reach 10.7 million barrels per day this year, and the U.S. becoming a net natural gas exporter for the first time in nearly 60 years – means our armed forces are less likely to be deployed to faraway places to protect energy interests. The point was underscored at a Vets4Energy event today at API.