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Energy Tomorrow Blog

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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analysis  massachusetts  income  energy-development  oil-and-natural-gas-development  pricewaterhousecoopers  regulation  tax-revenue  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 23, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Massachusetts. We started our focus on the state level with Virginia on June 29 and 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 Massachusetts, 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  ozone  epa34  regulation  economic-impacts  infrastructure  transportation 

Mark Green

Mark Green
Posted July 22, 2015

An informative event this week hosted by the U.S. Chamber’s Institute for 21st Century Energy, highlighting some potential real-world impacts of EPA’s proposal to tighten national ozone standards. Underscore “real-world impacts,” because the discussion centered on the potential havoc EPA’s proposal could unleash on transportation projects all over the country. “There’s going to be real people who’re going to be really upset,” said Karen A. Harbert, Institute president and CEO.

It’s important to see EPA’s ozone proposal in that light. The possible macro-economic harm that stricter ozone standards could bring – GDP reduction of $270 billion per year and $3.4 trillion from 2017 to 2040, according to one study – have been discussed here and elsewhere. But individual Americans may or may not relate to them, they’re so large.

The institute discussion and its new report, “Grinding To a Halt – Examining the Impacts of New Ozone Regulations on Key Transportation Projects” – help bring potential problems with stricter ozone standards to Americans’ doorsteps. Or, more specifically, to their daily commutes – which could get tougher if all kinds of transportation projects are terminated or delayed because they’re proposed in areas that would be in nonattainment with the new ozone standards.

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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

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