Posted March 23, 2018
Safely tapping America’s offshore natural gas and oil reserves could provide billions of dollars for the economies of coastal states – a big reason why the needs and voices across entire states, not just their coastal areas, must be considered in the offshore energy conversation.
For example, federal revenue sharing could help transform state economies by sending billions in royalties, rentals and fees to state coffers. By putting revenue-sharing programs in place – like those already working for the states of Alabama, Louisiana, Mississippi and Texas – North and South Carolina, Virginia, Florida, Georgia and other states could benefit from offshore energy development.
Posted September 18, 2017
Much of the energy-related news from hurricane-recovery areas of Texas and Florida continues to be encouraging. Shell said it was restarting its Deer Park refinery in the Houston area that was shut down three weeks ago with the approach of Hurricane Harvey. ExxonMobil said it could start most of the production units at its Beaumont, Texas, refinery later this week. In Florida, Gov. Rick Scott said pre-Hurricane Irma preparations and a concentrated focus on refueling the state’s communities have shown progress.
Posted September 14, 2017
While the recovery in Florida – as well as the Texas-Louisiana Gulf Coast – will continue over weeks and months, developments indicate the state’s fuel supply remains a top priority and is being served with the help of industry and state and local officials. This is encouraging, given Irma’s Sunday landfall. The historic resiliency of our energy supply system is a part of that – the ability and flexibility of markets to adjust and help areas where fuel product needs are acute.
Posted September 12, 2017
Posted September 8, 2017
1. Industry Does Not Condone Price Gouging
2. Gasoline Stations are largely owned by mom-and-pop retailers
3. Supply and Demand Influences Prices
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.
Posted August 15, 2016
Florida is a tale of two energy stories. On the consumption side, only Texas generates more net electricity from natural gas than Florida – which makes sense given Florida’s use of electricity to run air conditioners during the summer and home heating units during the winter. Production-wise, Florida is in the second tier of states in output (about 2 million barrels of oil in 2015, compared to Texas’ 1.26 billion barrels) – yet geologists believe there may be large oil and natural gas reserves on the outer continental shelf off Florida’s western coast.
Posted August 3, 2015
Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Florida. We started our focus on the state level with Virginia on June 29. 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 Florida, 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.
Posted February 19, 2015
Posted January 27, 2012
Here’s what the oil and natural gas industry currently means to the state of Florida:
- More than $18 billion contributed to the economy.
- More than $10 billion contributed to labor income.
- More than 230,000 jobs provided or supported by the industry, with an average salary for non-gas station oil and natural gas employees of $61,388.
Even better – here’s what the oil and natural gas industry could mean to Florida with sensible energy development and sound tax policies: