Posted May 11, 2018
Protecting the environment is a core industry value. The environment belongs to everyone, and our companies and their employees are committed to producing natural gas and oil as safely as possible. This commitment includes preserving habitat and looking out for wildlife.
In this 2016 post and this post earlier this year, API colleague Kate Wallace detailed how companies have monitored elk populations in Wyoming and polar bears in Alaska, created artificial reefs off the Gulf Coast, developed pollinator gardens and bee sanctuaries and more. Companies also worked across five western states to create conservation areas for the lesser prairie chicken and preserve habitat for the sage-grouse. Our commitment is backed up by action.That’s why we’re optimistic a constructive and comprehensive plan can be crafted to take care of the dunes sagebrush lizard in West Texas and southeastern New Mexico while also maintaining critically important natural gas and oil production in the region – which would be unlikely if a new effort to list the lizard as endangered under federal law succeeds.
Posted May 11, 2018
Working together works. Colorado’s just-completed legislative session proved that the natural gas and oil industry, state regulators and other stakeholders could collaborate on effective energy regulation that strengthens safe and responsible natural gas and oil production – benefiting the state economy and individual Coloradoans.
This session we saw legislation passed to bolster protections for mineral and royalty owners, increase fees for stationary sources of air pollution, enforce the state’s call-before-you-dig program and ensure safe and orderly processing of certain kinds of naturally occurring radioactive waste – all supported by our industry.
Posted May 10, 2018
The facts that crude oil prices are up 9 percent since the end of March and that crude oil currently accounts for 57 percent of the consumer’s price for gasolinemean that consumers have felt the impact at the pump of relatively large and sudden changes. As domestic crude oil prices recently increased above $70 per barrel for the first time since November 2014, let’s revisit current oil market fundamentals and other factors that have elevated prices.
By understanding the drivers of prices, American consumers may be more aware of how U.S. policy outcomes – such as more domestic natural gas and oil production, a strong U.S. dollar, low price inflation, avoidance of tariffs, quotas and other protectionist measures that undermine free trade, and peaceful international relations – could help put downward pressure on crude prices that ultimately benefits consumers.
Posted May 8, 2018
There’s no denying that North American Free Trade Agreement (NAFTA) has been very good for U.S. energy over the years. Yet, whether we will be able to say the same about NAFTA 2.0 years down the road is an open question.
That’s because the Trump administration has signaled a key NAFTA provision safeguarding U.S. energy investments in Canada and Mexico shouldn’t be included in a revised agreement. It’s an outcome that would be a significant setback for our energy and security interests.
Posted May 4, 2018
The message in “Brainpower,” API’s newest ad, is straightforward: The natural gas and oil industry leverages smart technologies, data analysis and more to safely and efficiently develop the energy Americans use to meet the challenges of today and tomorrow.
An industry that already was pretty brainy has upped its IQ.
Posted May 3, 2018
More on NAFTA – the North American Free Trade Agreement – which U.S., Canadian and Mexican negotiators are working to modernize.
Critically important to U.S. interests in any NAFTA 2.0 is keeping investor-state dispute settlement (ISDS) protections in the deal so that American investments and American property are protected against unfair treatment by host nation governments. ISDS is fundamental to this, which supports continuing U.S. investment in natural gas and oil projects outside this country. That, in turn, is fundamental to U.S. energy and national security. A couple of new videos underscore those points.
Posted May 2, 2018
The most recent federal Gulf of Mexico oil and natural gas lease sale was described in some media reports as “disappointing,” “modest” and “tepid.” But there’s another, more positive way to look at it.
First, every offshore lease sale the federal government holds is welcome by industry, because each represents new opportunity for the market to work as it should – with companies making investment decisions based on the potential for significant natural gas and oil production.
A more important point underscored with the Gulf sale is one we’ve been making for some time – that the federal government needs to make available new offshore areas for study, research, exploration and development.
Posted May 1, 2018
While the Trump administration continues to sort out who will or won’t be subject to steel and aluminum tariffs, the under-reported aspect of the larger tariff-trade story is the potential impact of the tariff exemption process on U.S. industries that use lots of steel – including ours.
The reality is that businesses and industries that rely on imported steel to complete important projects efficiently and economically are in the middle of a nightmarish, bureaucratic mishmash only Washington could foist on private enterprise. That is, the laborious application for an exemption from the steel tariff – an import duty that could end up impacting consumers and our nation’s energy security.
To understand what’s going on, start by imagining the world’s largest snarl of red tape. It might look something like the world’s largest ball of twine, only red.
Posted April 26, 2018
During recent visits to three universities, my goal was to have conversations with students who might be part of the next generation of the energy workforce – talking with them about energy, global markets, the potential for rewarding careers and the advanced technologies we use to safely and responsibly develop the energy our country needs to grow its economy and increase its security.
I visited with 110 graduate and undergraduate students at the University of Pennsylvania, Tulane (photo below) and Rice universities – many of whom hope to work in the energy industry, and others who recognize the ways energy affects careers in manufacturing, finance, trading and other fields.
Posted April 25, 2018
There are plenty of statistics out there to measure the scope of U.S. natural gas production. The United States is the No. 1 natural gas producer in the world, producing 78.9 billion cubic feet per day in 2017. Exports of liquefied natural gas (LNG) nearly quadrupled in 2017, making the U.S. a net natural gas exporter for the first time in nearly 60 years and supporting hundreds of thousands of jobs across the nation.
The numbers are impressive, but the economic and climate benefits they make possible are even more remarkable. In a new series of short videos, we’ve boiled down the natural gas advantage into five words.