The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

exports  crude-oil-exports  lng-exports  chevron  refining-distribution 

Mark Green

Mark Green
Posted March 10, 2017

We’ve talked quite a bit about the way America’s energy renaissance is benefiting consumers, supporting the economy, strengthening our security, reducing U.S. energy-related carbon emissions to 25-year lows and bringing overseas wealth into this country through the export of crude oil and natural gas.

There’s even more: U.S. exports of refined petroleum products are soaring. Here’s a chart developed from U.S. Energy Information Administration (EIA) data, showing that exports of refined products have more than doubled in the past decade to about 3 million barrels per day…

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pipelines  north-dakota  crude-oil  bakken-shale  refineries  infrastructure 

Mark Green

Mark Green
Posted March 9, 2017

Perhaps as soon as next week, oil will begin flowing through the Dakota Access Pipeline, connecting energy-producing areas in North Dakota with refineries in Illinois. In a recent legal filing the pipeline’s builder, Energy Transfer Partners, said oil would be put in the final part of the pipeline that crosses under Lake Oahe in North Dakota next week or the week after – but most likely next week. Completion of the 1,172-mile, $3.78 billion project represents important progress on a number of fronts, including infrastructure, U.S. energy security, jobs, state and local economies and the rule of law.

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100-days  oil-and-natural-gas  access  infrastructure  investments 

Mark Green

Mark Green
Posted March 9, 2017

Put it all together and it’s critically important for U.S. policy to continue working to keep pace with America’s energy renaissance. We have the oil and natural gas reserves, the experience and the technologies to harness the country’s vast energy potential. With increased access to public reserves, a common-sense regulatory approach and a sound investment climate, America’s oil and gas companies are showing they will invest to develop the energy to fuel our economy and modern lives while strengthening our security. 

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oil-and-natural-gas  us-energy-security  economic-growth  canada  mexico 

Mark Green

Mark Green
Posted March 7, 2017

The North American energy market is progressing toward self-sufficiency in terms of liquid fuels, perhaps arriving in just a few years. According to EIA, the quantity of oil and other liquid energy sources produced by the three countries could outpace their liquid fuels consumption as soon as 2020. With liquid fuels production growing at a rate of 1 percent per year over the projection period while demand grows more slowly at 0.2 percent per year, supply can overtake demand, EIA figures (Table A21) show  – provided trade flows remain open.

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100-days  access  oil-and-natural-gas  offshore-energy  onshore 

Mark Green

Mark Green
Posted March 6, 2017

While a number of policies and actions would support America’s recent energy progress, none is more important than opening new access to oil and natural gas reserves in federally controlled areas, offshore and onshore – the latter where production has declined in recent years.

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offshore-energy  oil-and-natural-gas  technology  workforce  education 

Mark Green

Mark Green
Posted March 3, 2017

The great point here is the connectivity between different sectors of a modern economy and the importance of consistent growth, particularly for our industry. For the country, finding and developing the oil and natural gas that’s involved with virtually every aspect of modern living is key to future economic growth, energy security and security overall. 

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maryland  hydraulic-fracturing  fracking  natural-gas  jobs  economic-growth 

Mark Green

Mark Green
Posted March 1, 2017

Maryland lawmakers pushing for a permanent state ban on hydraulic fracturing should touch base with their constituents first. A new Goucher College poll finds that among those who have an opinion on fracking, most don’t want the state to make the current fracking moratorium permanent. Goucher surveyed 776 people earlier this month and found 40 percent oppose banning hydraulic fracturing, with 36 percent supporting a ban.

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100-days  taxes  oil-and-natural-gas-development  jobs  economic-growth 

Mark Green

Mark Green
Posted February 28, 2017

Washington is having a discussion right now about reforming the tax code, no doubt reflecting the importance of taxes and the economy during the 2016 election campaign. The right approach will seek reforms that foster job creation and economic growth, and, encouragingly, that’s what the new administration has talked about in its early days. This approach should be applied to our industry as well.

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natural-gas  ghg-regulations  policy 

Reid Porter

Reid Porter
Posted February 23, 2017

When the U.S. Senate returns to work, repealing the Bureau of Land Management’s “venting and flaring rule” should be a top priority. The redundant and technically flawed rule, which went into effect last month, could negatively impact production – some say it already has. The House has voted for repeal under the Congressional Review Act (CRA), and the Senate should follow the House’s lead.

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rfs34  policy 

Sabrina Fang

Sabrina Fang
Posted February 23, 2017

The recent push to shift responsibility for compliance with the Renewable Fuel Standard (RFS), from refiners and importers to independent blenders and retail gasoline stations, is a flawed approach that could impact consumers at the gasoline pump and does nothing to fix the larger set of problems that plague the RFS – problems Congress must address by repealing the program or significantly reforming it. API Downstream Group Director Frank Macchiarola discussed these issues during a conference call with reporters.

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