The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

analysis  new-hampshire  crude-oil-exports  economy-and-energy  income  lng34  pricewaterhousecoopers  revenue  trade  wood-mackenzie 

Reid Porter

Reid Porter
Posted August 21, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with New Hampshire. We started the series with Virginia on June 29 and reviewed Hawaii, Idaho , Vermont and Oklahoma to begin this week. 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 New Hampshire, 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.

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analysis  florida  crude-oil-exports  economy-and-energy  gasoline-prices  lng34  income  pricewaterhousecoopers  revenue  trade  wood-mackenzie 

Reid Porter

Reid Porter
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.

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analysis  washington  crude-oil-exports  energy  income  gasoline-prices  lng-exports  pricewaterhousecoopers  revenue  trade  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 31, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Washington. Yesterday we looked at Alaska. 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 Washington, 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.

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analysis  minnesota  crude-oil-exports  energy-supplies  gasoline-prices  lng-exports  pricewaterhousecoopers  revenue  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 29, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Minnesota. We started this week with North Dakota and Illinois. 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 Minnesota, 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.

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analysis  illinois  income  energy  crude-oil  exports  pricewaterhousecoopers  revenue  wood-mackenzie 

Reid Porter

Reid Porter
Posted July 28, 2015

Our series highlighting the economic and jobs impact of energy in each of the 50 states continues today with Illinois. We started the week with a look at North Dakota. 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 Illinois, 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.

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analysis  jack-gerard  energy  government  regulation  hydraulic-fracturing  oil-and-natural-gas  methane-emissions  revenue 

Mark Green

Mark Green
Posted July 2, 2015

A few months ago API President and CEO Jack Gerard explained why America is experiencing an energy revolution:

“We got to this era of energy abundance and global energy leadership because of the entrepreneurial spirit of the private sector, the hard work of the American worker and the unique system of private property and individual rights of the American marketplace.”

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analysis  energy  development  oil-and-natural-gas-industry  revenues  regulations  taxes  revenue  wood-mackenzie  vote4energy 

Mark Green

Mark Green
Posted June 30, 2015

Wood Mackenzie’s study comparing the effects of pro-development energy policies with those of regulatory-constrained energy policies is really not much of a comparison at all. Pro-development policies would boost U.S. domestic energy supplies and job creation while benefiting American households, the study found. Pro-development policies also would add to economic growth and generate increased revenues for government. Let’s look at those today.

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american-energy  infrastructure  innovation  fracking  economy  revenue  keystone-xl 

Mary Leshper

Mary Schaper
Posted February 2, 2015

Philadelphia Inquirer (Kevin Colosimo): Gov. Wolf has fulfilled a campaign promise to ban natural-gas drilling on state parklands, but he should ignore suggestions that he go further by instituting a statewide fracking ban. Simply put, a ban would kill the goose that has delivered a lot of golden eggs to the commonwealth. Consider: The natural-gas industry has contributed $34.7 billion to our economy, accounting for 5.8 percent of Pennsylvania's economic activity, according to an American Petroleum Institute study. The same study determined that the oil and natural-gas industry supports 339,000 jobs, or roughly 4.7 percent of the state's total employment. Shale development has generated more than $2 billion in state taxes, according to the state Department of Revenue.

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economy  global-markets  energy-security  fracking  alaska  anwr  revenue 

Mary Leshper

Mary Schaper
Posted January 26, 2015

The New York Times (Daniel Yergin): A historic change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With its immense production capacity, it could raise or lower its output to help the global market adjust to shortages or surpluses. But on Nov. 27, at the OPEC meeting in Vienna, Saudi Arabia effectively resigned from that role and OPEC handed over all responsibility for oil prices to the market, which the Saudi oil minister, Ali Al-Naimi, predicted would “stabilize itself eventually.” OPEC’s decision was hardly unanimous. Venezuela and Iran, their economies in deep trouble, lobbied hard for production cutbacks, to no avail. Afterward, Iran accused Saudi Arabia of waging an “oil war” and being part of a “plot” against it.

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american-energy  economy  jobs  environment  energy-security  revenue  fracking 

Mary Leshper

Mary Schaper
Posted February 20, 2014

Welcome to ‘Saudi Texas’

U.S. News & World Report (Laskoski): To fully appreciate what many of us may simply take for granted — that the Lone Star state produces oil as easily as McDonald’s produces hamburgers — it sometimes helps to look elsewhere to appreciate the actual scale by which we should view such things. 

The Associated Press reported this month that North Dakota produced 313 million barrels of oil in 2013, a record amount, and about 70 million more than it produced in 2012. For North Dakota, that’s six consecutive years of record oil production. State data shows that the 185 oil rigs working there now double the amount from four years ago. And you’ve certainly heard about the economic boom and jobs growth that has drawn thousands from all across the country seeking their fortune. 

But when your attention is drawn to the Texas oil boom, that discussion takes place on another plane because of the previously inaccessible shale wealth that transforms state economies via fracking. Jonathan Cogan of the Energy Information Administration noted this week that production in the Eagle Ford formation in South Texas reached 1.2 million barrels per day in December. Additionally, production from the Permian Basin averaged 1.3 million bpd and is projected to grow more than any other U.S. region through 2015.

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