The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

energy-policies  oil-and-natural-gas-development  domestic-production  energy-exports  access  regulation  offshore-drilling  hydraulic-fracturing  horizontal-drilling 

Mark Green

Mark Green
Posted December 1, 2014

There’s a new global energy order – with the United States at the hub. That’s the assessment in a number of articles following last week’s meeting of oil-exporting countries.

The benefits to America are manifold. The U.S. as global energy’s new center of gravity means economic strength here at home through jobs, consumer benefits and greater energy security, and the opportunity to project positive American values abroad – by impacting global markets as discussed above and by helping friends overseas through energy exports. All result from America’s energy revolution, built on safe development of oil and natural gas reserves from shale and other tight-rock with advanced hydraulic fracturing and horizontal drilling.

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american-energy  election  vote  oil-and-natural-gas-development  access  keystone-xl-pipeline  economic-growth  job-creation 

Mark Green

Mark Green
Posted November 5, 2014

As the political parties sort through the results of this week’s mid-term congressional elections, let’s hope neither misses the unmistakable, bipartisan support from the American people for the ongoing energy revolution in this country. In their votes and in data from new election-night public opinion polling, it’s clear Americans see energy policy as a uniting point that can help break Washington gridlock while continuing to revitalize the country’s economy.

These topics and more came up during a conference call API President and CEO Jack Gerard conducted with reporters in the election’s aftermath. According to Gerard, the overarching lesson from Tuesday’s vote: Energy wins. Gerard:

“We need elected leaders who understand what’s at stake and who are willing to set aside outdated assumptions and partisan talking points to work together on safe, responsible and fact-based energy policy. In that regard, we hope that President Obama will take this opportunity to work with the new Congress on smart energy policies that grow our nation’s still shaky economy, create well-paying jobs and maintain our nation’s global energy leadership.”

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oil-and-natural-gas  domestic-energy  economic-benefits  hydraulic-fracturing  fracking  horizontal-drilling  access 

Mark Green

Mark Green
Posted October 10, 2014

The U.S. Energy Information Administration (EIA) has another report on oil imports that underscores the incredible sea change in America’s energy picture – due to increased domestic production of oil and natural gas. EIA says net imports of energy as a share of energy consumption fell their lowest level in 29 years for the first six months of 2014.

This is a snapshot of America’s energy revolution – the fundamental shift from energy scarcity to abundance that would have been unthinkable less than a decade ago. The shift is the result of surging oil and natural gas production using advanced hydraulic fracturing and horizontal drilling, harnessing oil and gas reserves in shale and other tight-rock formations. Safe, responsible energy development has made the United States the world’s No. 1 natural gas producer, and the U.S. could become the world’s top producer of crude oil related liquids before the year is out, the International Energy Agency reports (h/t Financial Times.com).

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access  exploration  development  securities-and-exchange-commission  energy-information-agency  hydraulic-fracturing 

Mark Green

Mark Green
Posted October 9, 2014

Getting a handle on the size of America’s petroleum reserves and their energy potential can be a brain-bender because of the different ways resources are defined and the different ways resource estimates are used.

Example: A Bloomberg piece this week suggests there’s something afoot when producers talk about a resource estimate that’s different from the one they’re required to report to the U.S. Securities and Exchange Commission (SEC), as part of the agency’s oversight of the investing sector. Not at all. Two different concepts, two separate uses

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oil-and-natural-gas-development  access  energy-investments  job-creation  energy-exports 

Mark Green

Mark Green
Posted October 3, 2014

Here’s the president, lauding the lift America’s domestic energy revolution has provided the nation’s economy in a speech this week in Illinois:

“The first cornerstone is new investments in the energy and technologies that make America a magnet for good, middle-class jobs. So right off the bat, as soon as I came into office, we upped our investments in American energy to reduce our dependence on foreign oil and strengthen our own energy security.  And today, the number-one oil and gas producer in the world is no longer Russia or Saudi Arabia.  It’s America. For the first time in nearly two decades, we now produce more oil than we buy from other countries.  We’re advancing so fast in this area that two years ago I set a goal to cut our oil imports by half by – in half by 2020, and we’ve actually – we will meet that goal this year, six years ahead of schedule.” 

It’s good to hear the president talking about the benefits to America of resurgent oil and natural gas production here at home. He’s right: The United States is the world’s No. 1 producer of natural gas and is poised to be No. 1 in oil production. He’s also right that this domestic output has cut imports significantly, putting America on a path to zero net imports in the foreseeable future – a good bench mark for something everyone wants: genuine U.S. energy security.

Now let’s talk plainly.

These energy developments and their benefits have occurred without much help from this White House. They’ve happened even as the president’s actions and those of his administration have fallen well short of his “all-of-the-above” rhetoric on energy.

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oil-and-natural-gas-investments  infrastructure  job-creation  economic-growth  access 

Mark Green

Mark Green
Posted September 15, 2014

It’s one thing to talk about energizing the U.S. economy, it’s another to walk the talk. America’s oil and natural gas industry is doing that, with four companies ranked in the top 10 of the Progressive Policy Institute’s list of leaders in U.S. capital spending in 2013.

ExxonMobil ($11.07 billion), Chevron ($10.56 billion), ConocoPhillips ($6.35 billion) and Occidental Petroleum ($5.5 billion) ranked in the top 10 in U.S. capital spending – expenditures for plants, property and equipment. Also significant: The same four are in the top 10 of cumulative U.S. capital spending over the three years (2011-2013) PPI has compiled its “investment heroes” list.

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american-energy  oil-and-natural-gas  hydraulic-fracturing  afl-cio  access  american-petroleum-institute  economic-growth 

Mark Green

Mark Green
Posted August 28, 2014

Despite the hyper-partisanship currently flourishing in Washington, there is a potential tie that binds: American energy.

Thanks to advanced technologies, entrepreneurial risk-taking and abundant oil and natural gas reserves, U.S. energy is on the rise: We’re the world’s No. 1 producer of natural gas and likely to be No. 1 in crude oil production next year, according to the International Energy Agency. Our energy revolution is creating jobs, boosting the economy and increasing America’s energy security and influence in the world. It’s also a bridge to bipartisanship.

API Executive Vice President Louis Finkel touched on these themes in a recent op-ed for the Reno Gazette-Journaland in a presentation before the Nevada state convention of the AFL-CIO. 

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oil-and-natural-gas  economic-growth  access 

Mark Green

Mark Green
Posted July 3, 2014

It looks like a pretty solid national jobs report for June, with the 288,000 positions that were added  exceeding the hiring rate over the year’s first five months and unemployment dipping to 6.1 percent. That’s a good story. There’s an even better one deeper in the Labor Department data: The oil and natural gas industry and its supporting activities are setting the pace in job creation.

Consider: Comparing numbers in this report with those from a year ago, the oil and natural gas extraction and supporting sectors outperformed the private sector as a whole in terms of job growth and a number of other relevant measurements, according to the Bureau of Labor Statistics.

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oil-and-natural-gas-development  access  regulation  permitting  infrastructure  lng-exports 

Mark Green

Mark Green
Posted June 26, 2014

It’s good to see the U.S. House of Representatives advancing a true all-of-the-above energy strategy with legislation that would help increase access to domestic reserves, promote common-sense regulation and reasonable permitting policies, foster development of key energy infrastructure and capitalize on America’s energy superpower status.

All are elements in a working, all-of-the-above approach to energy. Combined with energy from coal, nuclear and renewables, increased development of American oil and natural gas and associated infrastructure will keep our economy and country running – today and tomorrow.

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us-energy-security  federal-lands  energy-production  oil-and-natural-gas-development  eia34  iea34  access 

Mark Green

Mark Green
Posted June 20, 2014

Let’s make a couple of points with the juxtaposition of the newest U.S. report on energy production on federal lands and a pair of new analyses people are talking about this week.

First, there’s this piece by the Manhattan Institute’s Jared Meyer on the Real Clear Energy website, asserting that surging U.S. crude oil production is playing a big role in keeping global crude prices stable despite turmoil around the world:

The most important contribution to oil's price stability has been the substantial increase in U.S. production. U.S. crude oil production has risen 50 percent since 2008, to 7,443 thousand barrels a day. This increase has been driven by advances in drilling technology. Hydraulic fracturing has opened up previously-known reserves that were either inaccessible or too cost-prohibitive for drilling.

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