The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

natural-gas  consumers  electric-grid  ferc 

Mark Green

Mark Green
Posted October 4, 2017

Some initial takeaways from this week’s House hearing, during which there was considerable discussion of the U.S. Energy Department’s recent request that a new electricity pricing program be developed by the Federal Energy Regulatory Commission – one that effectively would favor some energy sources over others.

First, as we argued twice last week (read here and here), markets – not preferences, mechanisms, subsidies or whatever – should be allowed to select energy sources for power generation, because they reward innovation, promote efficiency, lower prices and work to benefit consumers.

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american-petroleum-institute  environmental-impact  innovation  technology 

Mark Green

Mark Green
Posted October 3, 2017

API is on the move. Reflecting the advanced technologies that natural gas and oil bring to energy production and our commitment to reducing our environmental footprint, the industry’s leading national trade association plans to move next year to a new, self-sustaining LEED Platinum-certified building in downtown Washington, D.C., that will include a number of innovative features.

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lng-exports  natural-gas  consumers  economic-growth  jobs 

Mark Green

Mark Green
Posted October 3, 2017

Here’s what we’ve learned since a 2013 study projected job and economic gains from exporting U.S. liquefied natural gas: The jobs and economic growth are still positive and significant, the domestic price impacts are about half of what was estimated four years ago and we have more natural gas than we thought.

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states2017  power-past-impossible 

Mark Green

Mark Green
Posted October 3, 2017

You know them. They’re your friends, neighbors and work colleagues, men and women, who in their spare time are “Ironmen.” For shlubs like yours truly, summer is about relaxation – trying not to break a sweat. For more than 2,000 Ironman triathletes, summer was about training and qualifying in races around the world for the Big Daddy of Ironman competitions, the 2017 Ironman World Championship in Hawaii on Oct. 14. Swim, bike, run. Ironman competitions were conceived as the ultimate test of athletic prowess. Competitors must consider the gear they wear, ride and bring during each of the three legs. In each phase, natural gas and oil play important roles to help the athletes get over the finish line.

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consumers  natural-gas  electric-grid  ferc 

Mark Green

Mark Green
Posted September 29, 2017

Earlier this week we wrote about the market perils of government efforts to favor some energy sources over others (“On Energy, Let Markets Choose”). We may as well have been talking about Friday’s U.S. Energy Department request that the Federal Energy Regulatory Commission (FERC) develop a new electricity pricing program that lets some power plants recover the costs of providing that power.

Whatever you call these preferential measures – subsidies, mechanisms, credits – they tend to foil the way markets, if left to themselves, reward innovation, promote efficiency, lower prices and work to benefit consumers.

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states2017  power-past-impossible 

Mark Green

Mark Green
Posted September 28, 2017

You remember “Lucy” and “Ricky” from “I Love Lucy,” one of the best TV sitcoms ever that’s still being seen on the Hallmark Channel. Once upon a time, in the film comedy “The Long, Long Trailer,” they set out on a road trip with a fully outfitted tow trailer about the length of Tennessee.

It’s still pretty funny stuff. For example, there’s a scene where she’s trying to fix a meal inside the bouncing, jouncing trailer while her husband happily belts out a ballad in the car, completely oblivious to his wife’s predicament in the rig behind him. And other gags.

Here’s the link between an old film comedy, trailers and energy: Every year, millions of Americans hit the roads towing trailers – and every mile is made better with the help of oil and natural gas. The link with Ohio is that Jackson Center in the Buckeye State, about 75 miles northwest of Columbus, is home to Airstream, maker of the classic, aluminum-clad travel trailer.

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clean-energy  climate  american-petroleum-institute  oil-and-natural-gas  emission-reductions 

Mark Green

Mark Green
Posted September 27, 2017

API and a number of other groups are pleased to be participating in National Clean Energy Week, which is highlighting readily abundant energy needed to power homes and businesses that’s also helping the U.S. reduce greenhouse gas emissions. We realize not everyone thinks API and some others fit in the clean energy conversation. But the fact is our industry is a clean energy leader, and we lay out the proofs below. Looking at the bigger picture, our industry must be in this conversation because natural gas and oil are the United States’ and the world’s leading energy sources now and will be well into the future.

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states2017  power-past-impossible 

Mark Green

Mark Green
Posted September 26, 2017

Heading down the Las Vegas Strip toward one of the town’s big-name attractions, the sights and sounds are just mesmerizing, the crowd’s energy adding to the excitement. At the show the view is as spectacular as the iconic neon lights of the city’s skyline. 

Musicians, illusionists and acrobats alike are decked out from head to toe in costumes that say out loud: There’s no such thing as too much glamour and extravagance in Las Vegas. The show’s a work of art of its own, seen in the performers’ elaborate face makeup. One’s decorated like a fierce warrior; another like a majestic animal. The shimmering makeup fits so well in a city that itself shimmers with color and light. Let’s look at the ways energy plays a role in makeup and cosmetic products – whether it’s putting the sparkle on a Vegas showgirl’s face or simply helping the rest of us look our best.

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natural-gas-benefits  consumers  natural-gas-supplies  nuclear  subsidies 

Mark Green

Mark Green
Posted September 26, 2017

We support all-of-the-above energy – the concept that America is strongest and its citizens are best served when all of our country’s energy sources play their part. We’re also for the important role markets play in determining energy sources, because markets reward innovation, spur efficiency, lower prices and work to benefit consumers. That said, a new study that basically argues market-distorting subsidies enjoyed by some energies should be followed by market-distorting subsidies for others makes little sense.

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climate  emission-reductions  carbon-emissions  ghg-mitigation-technologies 

Mark Green

Mark Green
Posted September 22, 2017

Here are some of my thoughts after this week’s news that San Francisco and Oakland have filed lawsuits against five oil and natural companies, arguing that the companies should pay for sea walls to protect the cities in case ocean levels rise due to changing climate:

First, the courts aren’t the place to address climate change policy. This is a complex, global issue that requires global engagement in the public square, not in a courtroom. In this country, elected officials debate public policy issues and then take appropriate action. Lawsuits of the type filed this week tend to serve special interests, polarize people and hinder real solutions.

The second point is action. Contrary to the lawsuit’s assertions, our industry is a leader on climate action, working to reduce emissions as part of a broader solution to those challenges. Since 2000 our industry has invested nearly $90 billion in emissions-reducing technologies – almost as much as the rest of U.S.-based private industries combined and more than twice the amount invested by each of the next three industry sectors.

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