The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

hydraulic-fracturing  fracking  economy  jobs  lng-exports  north-dakota  texas  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted March 24, 2015

The Obama Administration released new federal regulations on hydraulic fracturing last Friday that could add to the cost of shale development, and add costs to the poorest Americans the most. ‘Fracking’ is already heavily regulated bythe states and new federal rules could hurt the booming shale industry in places like Wyoming – a state with the largest amount of development on federal lands. These reasons – and more – underscore the question – Do we really need new federal regulations? (Shorter: No.)

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american-energy  exports  trade  economy  jobs 

Mary Leshper

Mary Schaper
Posted March 19, 2015

The 40 year-old oil export ban has been a hot topic in Congress the last few weeks. And as the Senate took up discussion today on the benefits of open trade on global prices, the geopolitical case for ending the ban were made clear.

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ethanol  exports  energy-policy  rfs34  jobs  fracking  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted March 10, 2015

The New York Times op-ed (Robert Bryce): With the collapse in global oil prices, members of Congress are once again pushing to raise the federal gasoline tax, with the proceeds going to new roads, bridges and other infrastructure projects. While some in Congress might be averse to a tax increase of any kind, they might find it more palatable if it came packaged with a tax cut. Fortunately, there is a perfect option, a hidden levy that has benefited a small group of farmers and manufacturers in a handful of states: the corn ethanol tax.

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american-energy  energy-bills  energy-costs  economy  jobs  gulf  exports  keystone-xl-pipeline 

Mary Leshper

Mary Schaper
Posted March 3, 2015

NY Times: Sometimes, even the supposed experts can lose track of a billion dollars or two. Or, in this case, $100 billion. While few outside of Texas and North Dakota are complaining about this huge savings that consumers have enjoyed since energy prices began falling last summer, economists have been stumped recently trying to figure out exactly what consumers are doing with the windfall.

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keystone-xl-pipeline  economy  jobs  fracking  texas 

Mary Leshper

Mary Schaper
Posted March 2, 2015

The Washington Post (Glenn Kessler): President Obama, seeking to explain his veto of a bill that would have leapfrogged the approval process for the Keystone XL pipeline, in an interview with a North Dakota station repeated some false claims that hadpreviously earned him Pinocchios. Yet he managed to make his statement even more misleading than before, suggesting the pipeline would have no benefit for American producers at all. The Fact Checker obviously takes no position on the pipeline, and has repeatedly skewered both sides for overinflated rhetoric. Yet the president’s latest comments especially stand out. Let’s review the facts again.

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keystone-xl-pipeline  american-energy  economy  jobs  energy-security  canadian-oil-sands  emissions 

Mark Green

Mark Green
Posted February 27, 2015

President Obama, in an interview with a North Dakota television station, explaining why he continues to delay the Keystone XL pipeline:

“Part of the reason North Dakota has done so well is because we've very much been promoting domestic U.S. energy use. I've already said I'm happy to look at increasing pipeline production for U.S. oil. But Keystone is for Canadian oil. Sending it down to the Gulf. It bypasses the U.S., it estimated to create 250, maybe, 300 permanent jobs. We should be focusing on American infrastructure for American jobs for American producers, and that's something we very much support.”

In the span of just six sentences, the president contradicts expert analysis of Keystone XL’s jobs and market impacts at least four times – about once for each breath.

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keystone-xl-pipeline  lng-exports  exports  jobs  economy  infrastructure 

Mary Leshper

Mary Schaper
Posted February 25, 2015

After more than six years of review, President Obama continues to delay the Keystone XL pipeline, saying bipartisan congressional legislation to advance the project needed to be vetoed to defend process and procedure – a process that now has stretched more than 2,300 days. Keystone XL remains in limbo, despite overwhelming public support, drawing the attention of newspaper editorial boards and columnists across the country:

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american-energy  economy  energy-security  environment  jobs  new-york  pennsylvania  fracking  alaska  arctic 

Mary Leshper

Mary Schaper
Posted February 20, 2015

EIA Today in Energy: Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 billion cubic feet (Bcf) as of February 13, stocks are 58 Bcf greater than the five-year average. Recent extremely cold weather may result in high stock withdrawals for the week ending February 20, which could again push stocks below their five-year average. However, natural gas production in February and March that is forecast to average 5 Bcf/day above the year-ago level is likely to contribute to healthy inventories and moderate prices as the nation moves from winter into spring.

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offshore-development  offshore-drilling  south-carolina  energy-security  economy  jobs  offshore-production  environment 

Mark Green

Mark Green
Posted February 20, 2015

Federal officials continue to hold public hearings on a draft offshore oil and natural gas leasing program that, when finalized, would largely determine where offshore energy development can occur from 2017 to 2022. Given the lead times needed for offshore development, the federal leasing program is vitally important to America’s energy production and energy security. Safe offshore development benefits the country but especially states that would host operations in their coastal waters. We’ve looked at how offshore oil and natural gas development would benefit Virginia and North Carolina – in terms of jobs and revenues generated for state budgets. Today, South Carolina.

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offshore-drilling  offshore-development  florida  florida-offshore-drilling  economy  jobs  energy-security 

Mark Green

Mark Green
Posted February 19, 2015

Like other states along the Atlantic coast, Florida could see substantial economic benefits from safe offshore oil and natural gas development – if Washington will allow it. That’s a big “if.” A draft oil and natural gas leasing program – the subject of a scheduled public hearing today in Jacksonville – provides for just one lease sale in the Atlantic and not until 2021, almost at the end of a plan that covers the 2017 to 2022 time period. That could leave Florida and other states on the outside looking in at the benefits of offshore development.

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