The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

offshore-energy  oil-and-natural-gas-development  outer-continental-shelf  atlantic-ocs  wind-energy  economic-benefits  tax-revenues  safe-operations 

Mark Green

Mark Green
Posted January 29, 2015

Offshore energy is getting lots of attention this week, which is good. Offshore energy is vital to America’s economy and energy security.

This week the Interior Department proposed the first draft of its next five-year program for offshore oil and natural gas leasing, in the 2017-2020 timeframe. While the draft plan doesn’t go far enough, it could include the first Atlantic lease sale in decades, and that would be a positive step. Meanwhile, on Thursday the federal government is scheduled to hold a lease sale for offshore wind in the Atlantic.

All of the above …

That’s more than a rhetorical flourish. America will need energy from all available sources in the future – thus the case for a genuine all-of-the-above strategy. We hope this week’s wind sale is successful.

Energy isn’t a zero-sum game, and neither is energy job creation. Offshore energy development of any kind can generate jobs and raise significant revenue for government. The country benefits and so do individual Americans – you know, folks holding the middle-class jobs everyone wants to support.

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offshore-energy  boem  oil-and-natural-gas-development  economic-growth  gulf-of-mexico 

Mark Green

Mark Green
Posted August 21, 2014

There’s much good to report from this week’s federal offshore drilling lease auction for the western Gulf of Mexico. But we can do better.

The good: nearly $110 million in apparent high bids over 81 blocks covering more than 430,000 acres, according to the U.S. Bureau of Ocean Energy Management (BOEM). The bid total represents a moderate increase over last year’s western Gulf sale that generated slightly more than $102 million in bids. BOEM estimates the sale eventually could yield 116 million to 200 million barrels of oil and 538 billion cubic feet (bcf) to 938 bcf of natural gas.

Broadly speaking, the fact that the federal government conducted an offshore lease sale is in itself encouraging. Development of vast offshore oil and natural gas reserves starts with leasing areas for exploration. That’s where we can do better. More sales are needed to begin the process of finding and developing offshore energy on the outer continental shelf, 87 percent of which is off limits by policy.

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virginia  offshore-energy  economic-benefits  infrastructure  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted April 28, 2014

Virginia is for lovers – of domestic oil and natural gas production and investments in energy infrastructure. That’s what you see in a recent Harris Poll of registered voters in the commonwealth: Strong support for developing domestic oil and natural gas, including offshore reserves, as well as increased spending on infrastructure.

Some of the numbers:

  • 80 percent support increased production of domestic oil and natural gas reserves. Just 11 percent oppose.
  • 89 percent support increased development of U.S. energy infrastructure.
  • 94 percent agree increased domestic oil and natural gas output could help strengthen America’s energy security.
  • 91 percent agree increased domestic oil and natural gas production could help stimulate the economy.

And so it goes – with similar, slam-dunk margins on other questions, from benefits to U.S. consumers to economic growth.

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offshore-access  offshore-energy  offshore-lease  jobs  economy  revenue  outer-continental-shelf  energy-security 

Mary Leshper

Mary Schaper
Posted December 5, 2013

America’s vast offshore energy reserves present an opportunity to improve our economy, increase our energy security and create tens of thousands of jobs. According to a new study, opening the U.S. Atlantic Outer Continental Shelf (OCS) to offshore oil and natural gas development could turn that opportunity into reality. API’s Director of Upstream Erik Milito and the National Ocean Industries Association’s Randall Luthi outlined the study for reporters today. Milito:

“Oil and natural gas production off our Atlantic coast is a potential gold mine. Developing oil and natural gas in the Atlantic could put hundreds of thousands of Americans to work, make us more energy secure, and bring in needed revenue for the government. But none of these benefits will appear unless the federal government follows pro-development energy policies.”

According to the study, oil and natural gas development in the Atlantic OCS between 2017 and 2035 could:

  • Create nearly 280,000 new jobs along the East Coast and across the country.
  • Result in an additional $195 billion in new private investment.
  • Contribute up to $23.5 billion per year to the U.S. economy.
  • Add 1.3 million barrels of oil equivalent per day to domestic energy production, which is about 70 percent of current output from the Gulf of Mexico.
  • Generate $51 billion in new revenue for the government.

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offshore-energy  keystone-xl-pipeline  energy-policy  energy  election  domestic-energy  access 

Mark Green

Mark Green
Posted November 8, 2012

A big winner in the recent election: Energy. Both presidential candidates voiced supported for domestic oil and natural gas development, and President Obama’s re-election was based, in part, on his commitment to American oil and gas.

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alternative-energy  congress  deepwater-horizon  department-of-the-interior  domestic-energy  energy  energy-policy  energy-taxes  gas-prices  gasoline  gulf-of-mexico  gulf-oil-spill  offshore-energy  oil-leak  oil-spill  shallow-water-drilling20170719t150143 

Jane Van Ryan

Jane Van Ryan
Posted December 30, 2010

As the nation approaches the New Year, reporters around the country are writing about the energy outlook for 2011. There are quotes from analysts predicting oil and gasoline prices; opinion leaders discussing energy policies likely to be considered by the 112th Congress; and professors explaining the relative merits of fossil fuels and alternatives. 

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alternative-energy  biofuels  coal  domestic-energy  fossil-fuels  fossil-fuels  offshore-energy  oil-prices  solar  wind 

Jane Van Ryan

Jane Van Ryan
Posted December 20, 2010

For the past couple of years, U.S. policymakers have been debating two different ways of addressing this country's energy needs. Some politicians believe the United States should embrace the development of alternative energy resources, including wind, solar and biofuels. Others say America should focus on domestic fossil fuels because alternative energy sources are not as affordable or efficient as coal, oil and natural gas. 

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boemre  boemre  deepwater-drilling  domestic-energy  energy-policy  interior-department  offshore-drilling  offshore-energy  technology  ocean-energy-safety-institute  offshore-energy-development 

Jane Van Ryan

Jane Van Ryan
Posted December 1, 2010

API President and CEO Jack Gerard yesterday sent a letter to Interior Department Secretary Ken Salazar, providing the industry's thoughts and concerns about the proposed Ocean Energy Safety Institute (OESI). This new entity, as proposed by the government, would provide a forum for a collaborative government-industry research initiative aimed at improving the safety of U.S. offshore energy development. 

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access  domestic-energy  energy-policy  offshore-drilling  offshore-energy  taxes  offshore-rig 

Jane Van Ryan

Jane Van Ryan
Posted September 17, 2010

Do you know the definition of piling-on? It's the phenomenon that occurs when several actions or events land on your shoulders all at once. While the weight of the pile usually isn't insurmountable, it can be challenging and often makes one wonder about the motivations of those who add to the heap. 

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deepwater-horizon  domestic-energy  energy-policy  energy-reality  gulf-oil-spill  jack-gerard  offshore-drilling  offshore-energy  offshore-safety 

Jane Van Ryan

Jane Van Ryan
Posted May 20, 2010

Whenever this nation is confronted by a major incident such as theGulf oil spill, opinion-leaders step forward to offer their thoughts in print and online op-ed pages. Their comments are often thought-provoking and informative.

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