Posted May 16, 2017
Energy is opportunity. Energy infrastructure allows opportunity to become reality by bringing the benefits of natural gas, oil and refined products to consumers – individuals, businesses and industrial users. Last week API released a new study detailing the extent of the many positives resulting from developing needed U.S. natural gas and oil infrastructure, out to the year 2035. These are measured in more than a trillion dollars in investments and economic growth, potentially generating more than 1 million jobs. This supports a vision of growth and prosperity that can touch every state in the union, not just those that are big energy producers.
Posted October 28, 2016
Posted September 3, 2016
Posted May 18, 2016
The average American household has saved almost $750 in annual energy costs compared to 2008, according to recent data released by the U.S. Energy Information Administration (EIA). Greater availability of domestic oil and natural gas, made possible by hydraulic fracturing, has helped drive down prices for gasoline, electricity and home heating.
Keeping affordable, reliable energy moving to families and businesses requires infrastructure -- pipelines, storage, processing, rail and maritime resources. Candidates often make infrastructure development a centerpiece of their economic plans, promising to create jobs and modernize the U.S. transportation system by improving roads, bridges, rail networks and airports. Energy infrastructure should be on that list. Shovel-ready projects abound in the energy sector.
Posted May 16, 2016
We kick off “Infrastructure Week 2016,” a seven-day focus on America’s infrastructure needs, sponsored by more than 100 trade associations and business and labor groups, with a conversation API President and CEO Jack Gerard and Sean McGarvey, president of North America’s Building Trades Unions, had last week with reporters covering a range of infrastructure and energy policy issues. Highlights below.
Gerard and McGarvey framed the infrastructure discussion by pointing out the way new pipelines, pipeline expansions and other projects are needed to harness America’s energy revolution and spread the benefits of the new energy abundance – to consumers, workers, businesses and to the betterment of the environment – to all parts of the country.
Posted May 3, 2016
Two more data sets underscore the positive economic impact of America’s energy revolution and the relevance of the U.S. model of concurrent energy and economic growth, consumer benefits and climate progress.
First the consumer benefits part. The U.S. Energy Information Administration (EIA) reports that Americans’ cost of living is lower since June 2014, thanks to reduced household energy costs because of decreases in crude oil and natural gas prices. (Right here we’ll add that increased U.S. oil and gas production is a key driver in these declines that are benefiting consumers.)
Posted January 28, 2016
The U.S. Energy Information Administration (EIA) reports that a number of recently completed and soon-to-be-completed pipeline projects are expected to increase access to natural gas from the Marcellus and Utica shale regions, providing valuable linkage between production centers and consumers or export terminals.
We see the increase in natural gas pipeline capacity in the Northeast region, which is particularly critical because the Northeast has suffered negative effects from energy infrastructure limitations. EIA estimates that Northeast residents paid up to 68 percent more for electricity than the national average in the winter of 2014, while industrial users paid up to 105 percent more for electricity than the national average. Indeed, greater capacity is key to staving off economic penalties that could stem from insufficient infrastructure. One study estimated that failure to expand natural gas and electricity infrastructure in the Northeast could cost the region’s households and businesses $5.4 billion in higher energy costs and more than 167,000 private-sector and construction jobs between 2016 and 2020.
So this is good news for the Northeast, but also other regions.
Posted May 26, 2015
Reuters: U.S. Republicans have had to watch from the sidelines as the Obama White House has taken political credit for America's unexpected energy boom and tumbling gas prices. Now it has left their presidential candidates scrambling for a way to reclaim leadership on an issue the party once seemed to own.
Their apparent answer: calling time on a 40-year-old federal ban on crude oil exports and using the newfound energy bounty to strategic advantage.
"We've got an abundance of supply," Wisconsin Governor Scott Walker said this week in Oklahoma at a gathering of putative Republican candidates for next year's presidential election. Lifting the ban, he said, would allow exports to "our allies in Europe, where, instead of being dependent on (President) Vladimir Putin and the Russians, they could be dependent on Americans."
Posted March 16, 2015
Denver Business Journal: The boom in oil and natural gas production in North America, largely due to the new technologies of horizontal drilling and hydraulic fracturing, is changing the balance of power across the world, former Secretary of State Condoleeza Rice told attendees at the Vail Global Energy Forum.
Rice opened a two-day forum, which continues through Sunday, with remarks on Friday evening at the Beaver Creek Ski Resort in Vail. The forum, now in its third year, is growing. Nearly 400 people registered for the 2015 event, a 20 percent increase over the previous year, organizers said.
Posted November 12, 2014
EIA Today in Energy Blog: Increased natural gas production is projected to satisfy 60% to 80% of a potential increase in demand for added liquefied natural gas (LNG) exports from the Lower 48 states, according to recently released EIA analysis. The report, Effect of Increased Levels of Liquefied Natural Gas Exports on U.S. Energy Market, considered the long-term effects of several LNG export scenarios specified by the Department of Energy's Office of Fossil Energy (FE). The study also considered implications for natural gas prices, consumption, primary energy use, and energy-related emissions. Effects on overall economic growth were positive but modest. A discussion of caveats and limitations of the analysis is also included.