The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

oil-and-natural-gas-development  access  president-obama  congress  energy-policy  economic-benefits  trade  regulation 

Mark Green

Mark Green
Posted February 26, 2015

The president’s Council of Economic Advisers (CEA) understands the significance of the U.S. energy revolution quite well – reflected in the energy chapter of its recent 2015 Economic Report of the President.

The chapter should be widely read by policymakers, from the president and Congress on down, because it notes the role of surging domestic oil and natural gas production in the ongoing energy revolution. From there it’s possible to identify needed policies for the future.

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offshore-development  oil-and-natural-gas-access  north-carolina  outer-continental-shelf  economic-benefits 

Mark Green

Mark Green
Posted February 17, 2015

The federal Bureau of Ocean Energy Management (BOEM) is scheduled to hold a public hearing today in Wilmington, N.C., on its draft five-year offshore oil and natural gas leasing program. According to a study by Quest Offshore Resources, developing oil and natural gas on the North Carolina outer continental shelf could bring significant benefits.

These include 55,000 jobs in the state by 2035 and nearly $4 billion in revenues for the state’s budget by 2035, with revenue sharing in place.

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energy  oil-and-natural-gas-development  access  keystone-xl-pipeline  jack-gerard  economic-benefits 

Mark Green

Mark Green
Posted February 14, 2015

Some time ago the Keystone XL pipeline debate stopped being a discussion of energy infrastructure and whether the privately financed project was in the national interest. Thank Keystone XL’s opponents, who detached the debate from fact and scientific analysis to better serve their purposes.

Keystone XL’s most ardent foes readily acknowledged as much. They said that for them the pipeline was a symbol to be used in pursuit of political power.  As one anti-pipeline activist put it: “The goal is as much about organizing young people around a thing. But you have to have a thing.”

Symbolism over substance, politics over the greater public good? Too often that’s the way it’s played Inside The Beltway. But at some point political power needs to give way to actual power, and public policy should be grounded in our energy reality, not symbolism. It should be fact-based and consider the impacts on the daily lives of real people, not narrow ideological agendas.

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keystone-xl-pipeline  congress  president-obama  economic-benefits  canadian-oil-sands  infrastructure  investment 

Mark Green

Mark Green
Posted February 12, 2015

In a democratic republic like ours, the legislative branch is the voice of the people. Throughout the long – too long – debate over the Keystone XL pipeline, the White House has used politics to stymie a conclusion on the matter. But no more.

House approval of a Senate bill advancing the pipeline will require President Obama to finally decide. Bipartisan majorities in both houses of the Congress of the United States have spoken. The American people, through their elected representatives, have spoken. The president should listen.

Unfortunately, the White House has signaled that he won’t, that he will veto the Keystone XL bill. It would make a mockery of post-Election 2014 assurances from the president that he would work with Congress to accomplish substantive things for the American people. Substantive things like: 42,100 jobs that the U.S. State Department says would be supported by the pipeline’s construction, $2 billion in workers’ pockets and $3.4 billion added to U.S. GDP, according to State’s report, and 830,000 barrels of oil from Canada and the U.S. Bakken region – North American oil that would strengthen U.S. energy security

All of the above and more clearly make the construction of the Keystone XL pipeline in the national interest.

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offshore-development  offshore-access  oil-and-natural-gas  economic-benefits  jack-gerard  outer-continental-shelf  safe-operations 

Mark Green

Mark Green
Posted February 9, 2015

Let’s hope public hearings on the Obama administration’s draft offshore oil and natural gas leasing program – starting this week – help spark serious discussion of how the nation’s offshore energy reserves will be managed in the near future. Needed is greater public awareness of just how limited the administration’s approach is, reflected in a draft plan that simply doesn’t go far enough.

We say public awareness because the administration has been able to foster the perception that it favors more oil and natural gas development and energy infrastructure when, in fact, its policies have done little to support that development (did somebody mention the Keystone XL pipeline?).

In the case of offshore energy development, it’s important to move the administration toward a plan that actually increases access to reserves. The draft plan for offshore leasing for the 2017-2022 time period is less than meets the eye, offering just a single Atlantic lease sale in 2021 as part of the five-year program, which Interior Secretary Sally Jewell said could be withdrawn as the leasing plan process evolves. That’s not a balanced approach, that’s an attempt to manage the perceptions game.

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keystone-xl-pipeline  environmental-protection-agency  epa34  economic-benefits  canadian-oil-sands  greenhouse-gas-emissions 

Mark Green

Mark Green
Posted February 3, 2015

After more than six years of delaying, blocking, sidetracking and goalpost-shifting on the Keystone XL pipeline, the White House clearly knows something about political football – specifically, using all of the above to keep Keystone XL on the drawing board and out of the ground.

It’s not a game to the American workers who’ve seen coveted jobs delayed, nor is it fun for the entire country, in terms of blocked economic stimulus and sidetracked energy security.

Now EPA is tagging in with an out-of-left-field assessment of the State Department’s final environmental review. We say that because State’s environmental report was completed a year ago – making five reviews that all basically said Keystone XL would not significantly impact the environment, climate or otherwise.  

While other involved federal agencies recently weighed in on the pipeline’s importance to U.S. national interests, EPA – at the 13th hour – says current crude oil prices make it important to “revisit” State’s environmental conclusions.

Nonsense.

Unfortunately, for an administration that has practically made a badge of honor out of stiff-arming Keystone XL – in the face of bipartisan congressional support and the broad favor of the American people – EPA is simply providing another excuse for the White House to continue doing nothing.

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keystone-xl-pipeline  economic-benefits  jobs-creation  president-obama  canadian-oil-sands  bakken-shale  trade  infrastructure  senate  congress 

Mark Green

Mark Green
Posted January 31, 2015

The long trail of “process” excuses for not approving the Keystone XL pipeline is coming to an end.

Five U.S. State Department reviews – all of them basically saying Keystone XL won’t significantly affect the environment – done.

Public hearings – done.

A new pipeline route through Nebraska – done.

By Monday, federal agencies must weigh in on whether Keystone XL is in the national interest. It is, as we’ll get into below.

The point is, after more than six years of process and review by the White House, we’ve come to the end of the processing and the reviewing. The administration stretched to 76 months a pipeline approval process that typically takes 18 to 24 months. It turned Keystone XL into a political football, punted here and there for reasons that clearly weren’t in the national interest.

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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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keystone-xl-pipeline  economic-benefits  president-obama  infrastructure 

Mark Green

Mark Green
Posted January 28, 2015

A new video captures quite well the game of political football involving the Keystone XL pipeline, a game of overtime that’s making Americans wait for jobs, economic benefits and greater energy security. Some might call it deflating.

Points underscored by the video: The White House is responsible for delaying a shovel-ready infrastructure project that would support more than 42,000 jobs during construction, according to the U.S. State Department. Keystone XL would put $2 billion in workers’ pockets and add $3.4 billion to U.S. GDP – again, according to the State Department. Keystone XL has cleared five separate environmental reviews – with the conclusion that the project wouldn’t significantly affect the environment, climate or otherwise. The project would strengthen America’s energy security, bringing oil from Canada and the U.S. Bakken region to the Gulf Coast for processing by U.S. refineries.

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oil-and-natural-gas-development  safe-operations  leasing-plan  offshore-drilling  economic-benefits  atlantic-ocs  gulf-of-mexico  alaska  pacific-outer-continental-shelf-ocs  interior-department  boem  federal-leases 

Mark Green

Mark Green
Posted January 28, 2015

Three maps, two views of America’s offshore energy wealth.

One reflects vast offshore oil and natural gas resource potential – nearly 50 billion barrels of oil and more than 200 trillion cubic feet of natural gas. We say potential because these areas represent the 87 percent of America’s federal offshore acreage that has been closed to exploration and development, dwarfing the areas where development is allowed.    

Nonetheless, what’s visible is the profile of an offshore energy giant, an offshore superpower. This is energy muscle waiting to be flexed. These are resources that could benefit Americans in terms of energy security, as more oil and natural gas is safely and responsibly produced right here at home, as well as job creation and economic stimulus.

That’s what energy superpowers do. They develop their resources to increase their security in a world where secure energy is fundamental to overall security. They develop their resources to fuel economic growth and to help ensure the prosperity of their citizens.  

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