The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

analysis  oil-and-natural-gas-development  access  president-obama  epa34  regulation  jack-gerard 

Mark Green

Mark Green
Posted August 25, 2015

Earlier this year at the U.S. Energy Information Administration’s (EIA) annual conference in Washington, ClearView  Energy Partners’ Christine Tezak described the Obama administration’s energy policy as “give a little, take a little,” further characterizing it as “transitioning from scarcity to adequacy.”

It’s accurate. Handed a generational opportunity by America’s energy revolution to advance U.S. economic and security interests, the administration has responded by alternately embracing oil and natural gas development (in limited ways) and working to corral it. Given the chance to build a comprehensive, long-term energy strategy to carry the United States safely into mid-century, the administration has played “small ball” on the energy development side while unleashing a flood of unnecessary, self-limiting proposals largely untethered to scientific and economic analysis.

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analysis  energy-exports  crude-oil  regulation  methane  epa34  jack-gerard 

Mark Green

Mark Green
Posted August 24, 2015

Two items from the weekend help sharpen the focus a strategic choice before Americans as they look to the future: Which energy path will we take?

One path leads to increased domestic energy development. It’s typified by safe and responsible oil and natural gas production that harnesses America’s energy wealth to create jobs, grow the economy and make the U.S. more secure in the world.

Another path likely would lead to very little of the above. It’s characterized by unnecessary regulation and self-limiting policies that hinder or block domestic development. America would be less secure, economically and in the world, and our allies, too.

The two paths, two very different futures – for American energy and America.

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analysis  methane  epa34  regulation  natural-gas-production  ozone  renewable-fuel-standard  jack-gerard 

Mark Green

Mark Green
Posted August 18, 2015

So, the EPA looked at declining methane emissions …

Down 79 percent from hydraulically fractured wells since 2005; down 38 percent from natural gas production overall from 2005 to 2013; and emissions down – while natural gas production soared ... 

... and decided new methane regulations were the thing to do anyway.

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analysis  ozone  epa34  regulation  economic-impacts  oil-and-natural-gas-development 

Mark Green

Mark Green
Posted August 13, 2015

It’s expected that EPA will submit its recommendation for new ozone standards to the White House Office of Management and Budget next week, with the final rule due by Oct. 1.

The final outcome will be momentous. EPA could – and should – leave the existing standards in place at 75 parts per billion (ppb). That would be remarkable, given the long rulemaking process and the agency’s current inclination to regulate more, not less.

Conversely, reducing the standards to 65 ppb or possibly lower would make it the costliest regulation ever, with the potential to halt economic expansion and infrastructure development dead in their tracks. Stricter standards could result in a $270 billion reduction in GDP per year on average from 2017 through 2040 and an annual loss of 2.9 million job equivalents, according to a study by NERA Economic Consulting.

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analysis  ozone  regulation  economic-impacts  american-petroleum-institute 

Mark Green

Mark Green
Posted August 10, 2015

API has a new series of online ads that underscore potential risks from EPA’s proposal to impose stricter national ozone standards. The ads focus on potential impacts for individual states including Indiana, Colorado, Missouri, West Virginia and Virginia – which could see more than 38,600 jobs lost.

The key message in the ads is that an unnecessary tightening of ozone standards nationally could have dire effects locally, in each and every state.

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analysis  e1534  renewable-fuel-standard  rfs34  ethanol  regulation  epa34 

Mark Green

Mark Green
Posted August 7, 2015

NASCAR racing team owner Richard Childress has an op-ed in the Charlotte Observer this week in which he renders a full-throttle endorsement of E15 gasoline and the Renewable Fuel Standard (RFS), the federal program that requires more and more ethanol be blended into the nation’s fuel supply.

Childress focuses on the specially formulated E15 (98 octane rating, compared to 90 octane in retail E15) that NASCAR uses in its customized, high-performance engines (725 horsepower, compared to 120 horsepower in a typical car engine, up to 200 horsepower in a large SUV).

Certainly, NASCAR racecars and the NASCAR-blend E15 are well-suited for each other. Less clear is why Childress is so enthusiastic about putting commercial-grade E15 in a car or truck, especially those built between 2001 and 2013 – something most car manufacturers don’t recommend.

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analysis  kansas  e1534  biofuels  income  regulation  renewable-fuels-standard  ethanol  wood-mackenzie  pricewaterhousecoopers 

Reid Porter

Reid Porter
Posted August 4, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Kansas. We started the series 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 Kansas, 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.

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analysis  north-dakota  crude-oil-exports  lng34  oil-and-natural-gas-development  pricewaterhousecoopers  regulation  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 27, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with North Dakota. We started our focus on the state level 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 North Dakota, 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.

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analysis  methane  emissions  epa34  american-petroleum-institute  regulation 

Mark Green

Mark Green
Posted July 24, 2015

Some thoughts on EPA’s proposed program to encourage voluntary methane emissions reductions from existing sources. The Methane Challenge Program would expand on the Natural Gas STAR program by recognizing companies that make specific emissions reduction commitments and agree to submit annual data on the progress they’re making.

First, industry supports voluntary. The program could be supportive of what industry already is doing to reduce methane emissions – an effort that is working. EPA’s Greenhouse Gas Inventory Report issued this spring showed methane emissions from hydraulically fractured natural gas wells are down 79 percent since 2005 – a period in which natural gas production has soared.

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analysis  oregon  crude-oil-exports  income  lng34  oil-and-natural-gas-development  pricewaterhousecoopers  regulation  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 24, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Oregon. This week started with Maine 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 Oregon, 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.

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