The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

hydraulic-fracturing  fracking  oil-and-natural-gas-production  safe-operations  regulation 

Jack Gerard

Jack Gerard
Posted February 17, 2016

America’s status as the world’s leading producer of oil and natural gas is delivering major benefits to U.S. families and businesses. Production increases have ensured a stable supply of affordable, reliable energy, helping drive down prices for gasoline, electricity and home heating. Carbon emissions have also dropped – to near 20-year lows – thanks to abundant supplies of clean-burning natural gas.

It’s all possible due to hydraulic fracturing and advances in horizontal drilling. According to the Energy Department, at least 2 million oil and natural gas wells have been hydraulically fractured in this country, including up to 95 percent of new wells that account for more than 43 percent of U.S. oil production and 67 percent of its natural gas production.

Read More

exxonmobil  energy  natural-gas  renewable-fuel  hydraulic-fracturing  emissions  climate-change 

Mark Green

Mark Green
Posted January 25, 2016

A couple of the big-picture projections in ExxonMobil’s annual global energy outlook: The world’s energy needs will grow 25 percent between now until 2040, with oil, natural gas and coal continuing to meet 80 percent of that demand.

Now, read what the energy company says about the future of natural gas:

The biggest expected growth will be in natural gas, which provides a practical energy solution for many applications while also providing a significant cost advantage versus other options to help reduce climate change risks.

Read More

hydraulic-fracturing  fracking  safe-operations  epa34  water-supplies  oil-and-natural-gas-production 

Mark Green

Mark Green
Posted January 20, 2016

Last week we made the point that America’s ongoing energy revolution is the main reason the United States is the world’s leading producer of oil and natural gas – a renaissance that is reducing oil imports and benefiting consumers in the form of lower prices at the pump. The same energy surge also is a leading reason the U.S. is leading the world inreducing carbon pollution.

These points argue for sustaining and growing domestic production – instead of trying to “transition away” from it, as the president said during last week’s State of the Union address. Turning our backs on vast public oil and gas resources – instead of safely developing them – would throw away a generational opportunity to strengthen America’s energy security, lift the economy, help U.S. consumers and aid friends overseas. It’s a shortsighted approach – especially when the U.S. model of increased domestic production, economic growth and emissions reduction is already working.

Safe, responsible hydraulic fracturing is the engine of America’s energy revolution. 

Read More

consumer-products  natural-gas-benefits  fracking  hydraulic-fracturing  horizontal-drilling 

Mark Green

Mark Green
Posted December 22, 2015

What would the holidays be without energy? Sure, you could still roast your chestnuts – provided you had an open fire. And you still might find your way around on a dark, foggy night – with help from a certain reindeer. But in many cities and towns things would be significantly less jolly and less festive, even if it looked like snow.

Enter energy – and more specifically, natural gas.

Read More

infrastructure  energy  hydraulic-fracturing  electricity  gas-prices  natural-gas  heating-fuels 

Jack Gerard

Jack Gerard
Posted December 16, 2015

In November, Americans were grateful for the lowest Thanksgiving gas prices in seven years. Thanks largely to the American energy resurgence, drivers continue to enjoy relief at the pump – with the national average close to $2.00, according to AAA.

As winter approaches, the good news continues with the U.S. Energy Information Administration’s (EIA) Winter Fuels Outlook. Due to a “combination of warmer weather and lower fuel prices,” EIA projects household heating costs will be lower than the previous two winters.

Read More

natural-gas  methane  epa34  emission-reductions  hydraulic-fracturing  shale-energy  greenhouse-gases 

Mark Green

Mark Green
Posted December 4, 2015

Part of the U.S. success in reducing greenhouse gas emissions is the significant drop in emissions of methane, the primary component in natural gas, from development operations. Since 2005, methane emissions from hydraulically fractured natural gas wells have plummeted 79 percent – with technology and innovation allowing industry to capture more of a product that can be delivered to consumers. This has occurred even as U.S. natural gas production has steadily climbed, thanks to shale, safe fracking and horizontal drilling.

It’s a shining chapter in a success story that shows how free market forces have taken the lead in reducing greenhouse gas emissions in this country. In turn, the U.S. is leading the world in reducing GHG emissions.

No matter. Despite these advances, EPA is proposing additional methane regulations on oil and gas wells and transmission. Unfortunately, more regulation could mean less – less fracking, less energy and, quite possibly, less progress in reducing emissions.

Read More

safe-operations  safety-standards  methane  hydraulic-fracturing  epa34  air-quality 

Mark Green

Mark Green
Posted October 12, 2015

Methane emissions from oil and natural gas systems continue falling. EPA, in an update to its Greenhouse Gas Reporting Program, says that methane emissions decreased from 77 million metric tons CO2 equivalent 2013 to 73 million metric tons CO2e last year. This continues a significant downward trend over the past few years.

The significance is this: Further reductions in methane emissions argue strongly against EPA’s position that additional regulation is needed. And, indeed, the agency is working on new layers of methane regulation.

Let’s think this one through. Methane emissions are falling under current the current regulatory regime, yet EPA and its supporters say that further reductions won’t happen without more regulation. (If you feel like you’ve heard this argument before it’s because you have – see here and here on EPA’s ozone proposals.) But here’s what we know: Methane emissions associated with oil and natural gas systems are falling – at a time when natural gas production is dramatically increasing.  

Read More

analysis  oil-and-natural-gas-production  hydraulic-fracturing  economic-growth  energy-security  energy-exports  jobs  ethanol 

Mark Green

Mark Green
Posted September 30, 2015

America’s energy revolution means … a United States that’s more energy self-sufficient – less dependent on others, more secure in the world and better positioned to help friends abroad; economic growth and job creation – and with the right policy choices, a golden opportunity to secure American prosperity well into the future; and a stronger U.S. trading posture that, with energy exports, could benefit consumers

Let’s look at some charts that illustrate this American energy renaissance – which is based on the surge in domestic production that has accompanied the growth of safe, advanced hydraulic fracturing and horizontal drilling since the mid-2000s.

Read More

analysis  new-jersey  hydraulic-fracturing  income  oil-and-natural-gas-development  ozone  pricewaterhousecoopers  regulation  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 22, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with New Jersey. Yesterday’s post looked at Texas and the series began 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 Texas, 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

Read More

analysis  michigan  energy-development  hydraulic-fracturing  income  oil-and-natural-gas-development  regulation  pricewaterhousecoopers  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 17, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Michigan. We started our focus on the state level with Virginia on June 29 and continued this week with Wisconsin, Connecticut, Delaware and South Carolina. 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.

Information covered in this series can be found online here, arranged on an interactive map of the United States. State-specific information will be populated on this map as the series continues. 

Read More