The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

analysis  alaska  arctic  beaufort-sea  chukchi-sea  income  oil-and-natural-gas  pricewaterhousecoopers  regulations  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 30, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Alaska. We started the week with a look at North Dakota. 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 Alaska, 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  energy-development  economic-growth  oil-and-natural-gas  petroleum-products  jack-gerard 

Mark Green

Mark Green
Posted July 3, 2015

What makes you happy? Good health? A pleasing career, your family’s well-being, realizing dreams? There are many things we could list that lead to happiness. One of the glories of America is that it’s up to us as individuals to choose – the search for happiness being fundamental to what it means to be an American.

To help celebrate Independence Day on the Energy Tomorrow Blog, we’ve been talking about the relationship between energy and basic, endowed rightslife, liberty and today: the pursuit of happiness.

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analysis  jack-gerard  energy  government  regulation  hydraulic-fracturing  oil-and-natural-gas  methane-emissions  revenue 

Mark Green

Mark Green
Posted July 2, 2015

A few months ago API President and CEO Jack Gerard explained why America is experiencing an energy revolution:

“We got to this era of energy abundance and global energy leadership because of the entrepreneurial spirit of the private sector, the hard work of the American worker and the unique system of private property and individual rights of the American marketplace.”

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analysis  energy-information-administration  fuels  income  oil-and-natural-gas  jack-gerard  state-of-american-energy  wood-mackenzie 

Mark Green

Mark Green
Posted July 1, 2015

This weekend our country celebrates 239 years of independence, as well as our collective belief in equality and unalienable rights – enumerated in the Declaration of Independence as “Life, Liberty and the pursuit of Happiness.” Heading into Independence Day 2015, it’s fitting to draw some connections between American energy and American life, liberty and the pursuit of happiness. Today: life.

It’s hard to imagine modern life – in America or anywhere else for that matter – without liberal access to energy. It’s fundamental to sustaining life as we know it, while also providing fundamental opportunity to people across the globe for whom life is a daily struggle.   Let’s take a look at some charts from Max Roser’s Our World In Data project.  First is global energy use, with energy use starting to grow slowly around the 1900 and then taking off after World War II.

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news  oil-and-natural-gas  energy-supply  ethanol-in-gasoline  alaska  offshore-drilling  natural-gas-pipelines  infrastructure 

Mark Green

Mark Green
Posted May 26, 2015

Reuters: U.S. Republicans have had to watch from the sidelines as the Obama White House has taken political credit for America's unexpected energy boom and tumbling gas prices. Now it has left their presidential candidates scrambling for a way to reclaim leadership on an issue the party once seemed to own.

Their apparent answer: calling time on a 40-year-old federal ban on crude oil exports and using the newfound energy bounty to strategic advantage.

"We've got an abundance of supply," Wisconsin Governor Scott Walker said this week in Oklahoma at a gathering of putative Republican candidates for next year's presidential election. Lifting the ban, he said, would allow exports to "our allies in Europe, where, instead of being dependent on (President) Vladimir Putin and the Russians, they could be dependent on Americans."

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arctic  energy-development-in-alaska  oil-and-natural-gas  boem  federal-government  offshore-leasing 

Mark Green

Mark Green
Posted April 20, 2015

A couple of important points on Arctic energy development from U.S. Sen. Lisa Murkowski of Alaska at an event hosted recently by CSIS:

  • The biggest obstacle to U.S. development of its Arctic energy reserves is the U.S.
  • Development of Arctic energy resources will occur regardless of whether the United States engages in it.
  • A discussion of Arctic energy must give weight to the needs and concerns of Alaskans, many of whom directly depend on energy development for the quality of their lives.

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safety-standards  safe-operations  offshore-energy-development  oil-and-natural-gas  shale-energy  crude-oil  liquefied-natural-gas  exports  ethanol  renewable-fuel-standard 

Mark Green

Mark Green
Posted April 8, 2015

NOLA.com: Five years after the BP oil spill in the Gulf of Mexico, the oil and gas industry can respond and contain well blowouts offshore faster than ever before, said Don Armijo, CEO of the Marine Well Containment Co. But he said work remains to make sure containment equipment keeps pace with industry's push to drill in deeper waters.

Armijo, who spoke Tuesday (April 7) at a business lunch at The Roosevelt Hotel in downtown New Orleans, said Marine Well Containment Co. has the equipment to respond to oil gushers in up to 10,000 feet of water. The industry will outgrow that equipment, he said.

"We know there has been drilling proposed in areas much deeper than 10,000 feet of water," Armijo said. "That's the big thing. How do we actually get the technology put together so we can be deeper? These are the kind of things that are on our minds all the time."

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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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canada  oil-sands  job-growth  economic-benefits  exports  oil-and-natural-gas  keystone-xl-pipeline 

Mark Green

Mark Green
Posted November 11, 2014

America’s trading relationship with Canada is key to U.S. energy security but also to the U.S. economy, as discussed in this recent post.

Some numbers from the International Trade Administration (ITA) help make a couple of finer points. First, while the United States imports more crude oil from Canada than any other country, our goods exports to Canada supported nearly 1.3 million jobs here in 2013 – and that number is on the rise. Second, U.S. oil and natural gas sector goods exports account for more than half of the growth in overall jobs supported by goods exports to Canada from 2010 to 2013 – and that number also is increasing.

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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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