The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

natural-gas-benefits  new-jersey  consumers  nuclear 

Mark Green

Mark Green
Posted September 19, 2017

Looking at the benefits of natural gas in a state such as New Jersey – lower consumer costs, jobs, environmental progress – it makes no sense to risk what works for New Jerseyans by handing state subsidies to nuclear plants. New Jersey voters agree: A strong, bipartisan majority opposes the idea in a new poll.

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hurricane-response  florida  fuel-supply  consumers  hurricane-harvey  hurricane-irma 

Mark Green

Mark Green
Posted September 7, 2017

As the Texas-Louisiana region continues its recovery from Hurricane Harvey, energy companies are making preparations for Hurricane Irma, which the National Hurricane Center projects could make landfall in Florida on Sunday. The big issue in Florida is consumer access to fuel. Companies are working with state and federal officials to meet needs.

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hurricane-response  consumers  gasoline-supply  refineries  hurricane-harvey  oil-supply 

Mark Green

Mark Green
Posted September 6, 2017

The U.S. Energy Information Administration (EIA) reports on rising gasoline prices in the wake of Hurricane Harvey and notes that the storm’s impact on prices is similar to the big hurricanes of 2005, Katrina and Rita. … EIA’s report underscores a number of points we’ve been making about the oil supply chain, of which the Texas-Louisiana region is part – especially the section of that chain that shows the path of refined products from refineries to retail outlets – and the need for patience as processes come back online.

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hurricane-response  hurricane-harvey  gasoline-supply  consumers  refineries 

Mark Green

Mark Green
Posted September 5, 2017

Before then-Hurricane Harvey first made landfall, we discussed how mega-weather events historically have impacted the regional/national oil supply chain and supply levels in the marketplace. The uncertain path of Hurricane Irma will drive continued conversation about storm effects on refineries and other energy infrastructure and the potential for market impacts around the country. That’s the context for some basics about the fuel marketplace and the processes that bring finished consumer products from refineries to retail outlets.

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pipelines  infrastructure  consumers  economic-growth  jobs 

Mark Green

Mark Green
Posted August 15, 2017

We’ve posted quite a bit recently about the need for streamlining the federal permitting process for energy infrastructure (see here and here).  An API study earlier this year estimated investments in needed natural gas and oil infrastructure could total more than a trillion dollars and potentially generate more than 1 million jobs through 2035. That’s a lot of economic potential linked to infrastructure – and in that context, President Trump’s new executive order modernizing and bringing greater accountability to the federal permitting process certainly is welcome. It coincides with release of a new study, for North America’s Building Trades Unions (NABTU), detailing the jobs and economic impacts of energy infrastructure construction.

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pennsylvania  pa-severance-tax  natural-gas  economic-impacts  jobs  consumers 

Mark Green

Mark Green
Posted August 9, 2017

Total up industry’s economic contributions to Pennsylvania – helping to support its schools, first-responders, local infrastructure and jobs, lots of them – and it’s a pretty fair amount. But not fair enough for some. Last month a narrow majority in Pennsylvania’s state Senate voted for a $600 million tax increase that would hit natural gas producers and natural gas and electric users while also hiking taxes on communications services – all of which could significantly impact Pennsylvania consumers.

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renewable-fuel-standard  consumers  ethanol  blend-wall  e1534  e8534 

Mark Green

Mark Green
Posted August 1, 2017

With EPA receiving public input this week on its proposed ethanol-use volumes for 2018, it’s important to see that America’s energy renaissance in natural gas and oil production is the biggest reason for the progress the U.S. has made toward those RFS objectives. 

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natural-gas  pennsylvania-severance-tax  economic-growth  consumers  jobs  marcellus-shale-region 

Mark Green

Mark Green
Posted July 28, 2017

The latest severance tax proposal in Pennsylvania, targeting natural gas production as well as consumer items and services, is a story of lawmakers risking harm to ongoing energy activity and economic growth – already providing significant benefits to people all across the commonwealth – instead of working to expand opportunity through pro-growth policies. Unfortunately, the tale being written by the state Senate could be about less natural gas production (and potentially less revenue to the commonwealth), less economic growth and fewer benefits to Pennsylvanians.

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consumers  gasoline-prices  oil-production  crude-oil-prices 

Mark Green

Mark Green
Posted July 26, 2017

Nationally, the average price of a gallon of gasoline the third week of July was $2.392 – about 42 percent lower than the national average price at the same time in 2008, according to the U.S. Energy Information Administration. Retail gasoline prices haven’t been “sticky,” as Sen. Charles Schumer said on ABC’s “This Week,” suggesting that some sort of anti-Adam Smith force has kept them from decreasing. Yet, as we can see, they have decreased significantly over a time period that coincides with accelerated U.S. crude oil production (thanks, fracking).

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refineries  refinery-capacity  consumers  petroleum-products  power-past-impossible 

Mark Green

Mark Green
Posted July 24, 2017

Over the past 40 years, U.S. capacity has increased more than 1,000 percent.  Such a remarkable increase is a tribute to industry’s commitment to supply consumer needs. … Add it all up, and these numbers are very important to American consumers. Refineries not only produce the fuels that keep our vehicles running – transportation fuels account for about 85 percent of products leaving the refinery – they also turn out the petrochemical feedstocks used in countless ways in our modern lives …

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