The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

economic-growth  earnings  energy-development  investment  jobs  royalties  taxes  trump 

Mark Green

Mark Green
Posted August 31, 2017

President Trump’s call for tax reform this week, kicking off the administration’s push for pro-growth measures to spur investment, create jobs and raise earnings is one we can certainly understand. The president said:

“We need a competitive tax code that creates more jobs and higher wages for Americans. It’s time to give American workers the pay raise that they've been looking for, for many, many years. … If we do this, if we unite in the name of common sense and the name of common good, then we will add millions and millions of new jobs, bring back trillions of dollars, and we will give America the competitive advantage that it so desperately needs and has been looking for for so long. It’s time.”

No argument here. The natural gas and oil industry is about economic growth: investing, creating jobs and boosting worker pay for years – on the way to supporting 10.3 million jobs while adding $1.3 trillion to the national economy and aiding growth across all 50 states. 

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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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natural-gas  lng-exports  jobs  economic-growth 

Mark Green

Mark Green
Posted August 14, 2017

A couple of new data points from the government show the importance of U.S. liquefied natural gas (LNG) exports to America’s trading posture and to its global energy security role, as a growing supplier of natural gas. First, the U.S. Energy Information Administration (EIA) reports that the U.S. exported more natural gas than it imported in three of the first five months of this year – February, April and May – which is historic since the U.S. has been a net importer (on an average annual basis) for nearly 60 years.

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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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keystone-xl-pipeline  nebraska  jobs  economic-benefits 

Mark Green

Mark Green
Posted August 8, 2017

Keystone XL would be more than numbers. It would be paychecks to individual households in the Heartland. Those paychecks would help workers afford mortgages, groceries, their utilities and more. The project would support local stores, restaurants, hotels and other businesses – each one of those connected to the livelihoods of individual Nebraskans.

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economic-impacts  jobs  oil-and-natural-gas  new-york  south-carolina  maryland 

Mark Green

Mark Green
Posted August 2, 2017

Energy-producing states and non-producers – all state economies are positively impacted by an industry that accounted for 7.6 percent of U.S. GDP in 2015. Yet, the state-level story also is about the opportunity for growth so that industry’s economic benefits have even greater impact in certain parts of the country. 

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jobs  oil-and-natural-gas  economic-impacts  gdp34 

Mark Green

Mark Green
Posted August 1, 2017

The United States leads the world in natural gas and oil production, thanks to vast energy reserves and advanced technologies, such as hydraulic fracturing and horizontal drilling, and also the work of natural gas, oil and refining sectors that supply Americans’ daily needs and increase our security while boosting the broader economy and advancing climate goals. This economic heft is clear in a new PwC study showing that the natural gas and oil industry supported 10.3 million U.S. jobs in 2015 – up 500,000 since 2011– while adding $1.3 trillion to the national economy or about 7.6 percent of U.S. GDP. Importantly, industry’s economic lift extends to all 50 states, PwC found, energy producers and non-producers.


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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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natural-gas  infrastructure  pipelines  economic-benefits  jobs  climate 

Mark Green

Mark Green
Posted July 18, 2017

Current legislation in Congress will be a big help in advancing the energy infrastructure the United States needs to connect our nation’s vast energy wealth with those who benefit from it: individual Americans, businesses and manufacturers. The House legislation would streamline federal review and approval of natural gas pipelines by codifying and reinforcing current regulatory deadlines and by clarifying the roles of the permitting agencies that are involved in infrastructure projects.

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offshore-energy  offshore-leasing-plan  us-energy-security  economic-growth  jobs 

Mark Green

Mark Green
Posted June 29, 2017

The Trump administration is taking the first step to more fully harness the United States’ offshore oil and natural gas wealth, beginning work on a new five-year offshore leasing plan – the federal blueprint for future offshore development. It’s great news for America’s future energy security, for consumers and our economy.

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