The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

crude-oil-exports  crude-oil-production  access  arctic  alaska  security  regulation  leasing 

Mark Green

Mark Green
Posted October 22, 2015

Recent reports assert that some of the world’s oil suppliers have had a strategy to curtail the U.S. energy revolution – and that the strategy has worked, citing U.S. Energy Information Administration data showing U.S. production in decline. Bloomberg this week:

After a year suffering the economic consequences of the oil price slump, OPEC is finally on the cusp of choking off growth in U.S. crude output. The nation’s production is almost back down to the level pumped in November 2014, when the Organization of Petroleum Exporting Countries switched its strategy to focus on battering competitors and reclaiming market share.

Market decisions by major suppliers certainly have impact. Yet, focusing attention on factors beyond U.S. control misses factors under U.S. control that have a clear bearing on the trajectory of domestic oil production, economic growth and American security.

We’ll name a couple: continuing the outdated ban on U.S. oil exports and regulatory and process roadblocks that limit access to energy reserves and production. What we have is an administration whose self-sanctioning approach to U.S. energy is hurting American competitiveness in the global marketplace, to the benefit of other producers.

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access  interior-department  onshore-access  offshore-access  federal-lands  federal-revenues  leasing  permitting 

Mark Green

Mark Green
Posted February 2, 2015

Taking a look at the president’s new budget request for the Interior Department, we see the administration asking for $13.2 billion, an increase of nearly $1 billion over the enacted funding level for the current fiscal year.

Now take a look at data from Interior’s Office of Natural Resource Revenue, which tabulates federal revenues from energy developed in federal areas onshore and offshore.

It’s a lot of information, but check the bottom line: For fiscal year 2013, revenues from oil and natural gas developed in federal areas totaled about $12.9 billion. For FY2014 the total was about $11.7 billion. Federal revenues from oil and natural gas development in FY2014 were about $1.2 billion less than in FY2013.

Interestingly, the amount of lost revenue is just about equal to Interior’s requested budget increase for FY2016. In other words, Interior lost $1.2 billion in revenue from 2013 to 2014 and basically is looking to taxpayers to fill in the gap in the next budget. 

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oil-and-natural-gas-development  federal-lands  regulation  permitting  access  leasing  blm34 

Mark Green

Mark Green
Posted January 15, 2015

Charting some of the latest Bureau of Land Management (BLM) data on federal oil and natural gas activity – which mostly shows continuing decline.

First, BLM issued fewer new oil and natural gas leases in fiscal year 2014 than in any year since FY1988. That year 9,234 new leases were issued, a number that fell to 1,157 in FY2014. Last year’s number was a retreat from FY2013, when 1,468 new leases were issued.

Other indicators also show declining oil and natural gas opportunity in areas controlled by the federal government.

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permitting  leasing  exploration  energy-policy  energy  domestic-energy  access 

Mark Green

Mark Green
Posted October 22, 2012

t’s tempting – while contemplating a rebuttal to the latest claim that oil companies pay billions of dollars to “sit” on federal oil and natural gas leases in the Gulf of Mexico – to simply refer to previous rebuttals when the claim was made in 2009 and again last year.

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