The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

renewable-fuel-standard  economic-impacts  blend-wall  ethanol 

Mark Green

Mark Green
Posted April 15, 2014

Yesterday we looked started looking at the oil and natural gas industry’s economic impact on individual states with a focus on Kentucky. Today, let’s talk about the importance of having the right energy policies in place to avoid negative impacts on local economies and individual consumes. Again, we’ll consider Kentucky.

Last month White Castle restaurant chain CEO Lisa Ingram wrote an op-ed piece for the Louisville Courier-Journalthat explained how the federal Renewable Fuel Standard (RFS) is having local, negative impact. Though the first White Castle opened in Wichita, Kan., nearly a century ago, Ingram writes, the chain has deep ties to Kentucky and serves more customers in Louisville than all but a few other markets. The city is home to one of the company’s frozen food plants, which employs nearly 200.

Yet the RFS – energy policy that has become obsolete and counter-productive in the midst of the U.S. domestic energy revolution – is putting upward pressure on food prices by requiring ever-increasing use of ethanol in the fuel supply.

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epa-overreach  fuel  gasoline  regulation  economic-impacts 

Mark Green

Mark Green
Posted April 11, 2014

Last month EPA implemented new gasoline regulations requiring the last microscopic bits of sulfur to be removed from fuel. The Tier 3 standard is likely to hit consumers and burden the economy while providing, at best, negligible benefit.

Writing for the Jefferson Policy Journal, Paul Driessen makes a number of important points about the potentially onerous effects of the new regulation. Driessen starts by underscoring how unnecessary the new standard is.

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economic-impacts  jobs-creation  drilling  oil-and-natural-gas-development  cost-of-energy 

Mark Green

Mark Green
Posted December 23, 2013

Every now and then we see items questioning the economic impact of domestic oil and natural gas development from a jobs standpoint. As we’ve pointed out, industry’s benefit to the country isn’t measured just in direct oil and natural gas employment. Its positive impact must be seen in jobs and economic activity that otherwise wouldn’t exist, as well as benefits to consumers. More supporting evidence:

Investment – A new API survey on drilling costs found that about $153.7 billion was invested in drilling in 2012, a 23.1 percent increase over 2011.

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natural-gas  energy-regulation  economic-impacts  domestic-oil  domestic-energy-production  access 

Mark Green

Mark Green
Posted November 29, 2012

From where he sits – literally, right across Lafayette Square from the White House – the U.S. Chamber’s Tom Donohue sees increased production of domestic oil and natural gas as the ace card in the high-stakes game policymakers are playing concerning the nation’s fiscal health

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