The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

energy-policy  over-regulation 

Jane Van Ryan

Jane Van Ryan
Posted September 23, 2009

Three more studies have been issued about the Waxman-Markey climate bill, and each represents another red flag urging extreme caution.

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domestic-energy  natural-gas  pricewaterhousecoopers 

Jane Van Ryan

Jane Van Ryan
Posted September 22, 2009

This week's episode focuses on the recent PricewaterhouseCoopers study regarding the impact of the oil and natural gas industry on the U.S. economy. As the study shows, the industry supports 9.2 million workers and contributes more than $1 trillion to the economy. Art Wiese, API's policy analysis manager, discusses the findings with me. 

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access  domestic-energy  energy-policy  energy-reality  leasing  offshore-drilling 

Jane Van Ryan

Jane Van Ryan
Posted September 21, 2009

Today is your last chance to write to the government to support the Five-Year offshore drilling plan. At the close of business today, the Minerals Management Service (MMS) will end the public comment period, tally the emails and letters, write a report on its findings, and help the Secretary of the Interior decide whether to implement the government's offshore drilling plan.

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energy-policy  over-regulation  waxman-markey 

Jane Van Ryan

Jane Van Ryan
Posted September 18, 2009

Yesterday, API hosted bloggers for a conference call focusing on the status of upcoming energy legislation and API's current legislative priorities. API President and CEO Jack Gerard took questions from the bloggers, along with API experts John Felmy, Doug Morris and Kyle Isakower. Topics discussed included the Waxman-Markey bill and access to domestic reserves of oil and natural gas. 

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over-regulation  prices  pricewaterhousecoopers 

Mark Green

Mark Green
Posted September 18, 2009

In response, however, I would like to point out that assertions that oil and natural gas companies receive subsidies through programs like the Highway Trust Fund, the Low Income Home Energy Assistance Program and the Strategic Petroleum Reserve are ludicrous. This study is an irresponsible rendition based on a contorted recycling of government data that should never be used to craft national policy - especially a tax increase on the oil and natural gas industry that would raise energy costs and kill jobs.

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domestic-energy  energy  energy-policy  gasoline  taxes 

Jane Van Ryan

Jane Van Ryan
Posted September 18, 2009

Did you know that the top economist at the U.S. Treasury believes the United States is producing too much oil and natural gas?

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domestic-access  energy-policy  leasing  over-regulation  legislation  energy-resources 

Jane Van Ryan

Jane Van Ryan
Posted September 17, 2009

The Committee on Natural Resources in the U.S. House of Representatives held a hearing today on a proposal called the Consolidated Land, Energy and Aquatic Resources Act of 2009. While it's often referred to as an energy bill, it's actually an Un-Energy bill. 

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demand  distribution  energy  gasoline 

Jane Van Ryan

Jane Van Ryan
Posted September 16, 2009

Federal Reserve Chairman Ben Bernanke yesterday proclaimed that the recession appears to be ending. He based his comments in part on new data showing that consumer spending in August hit its highest level in three years. 

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energy  energy-policy  revenue  royalties  royalty-in-kind 

Mark Green

Mark Green
Posted September 16, 2009

Today, U.S. Interior Secretary Ken Salazar announced that he would terminate the Royalty-in-Kind (RIK) program, which collected $6.6 billion in oil and gas deliveries in fiscal 2008, and is one of the government's largest sources of non-tax revenue. The program is an effective means of ensuring that the American people receive fair compensation for development of federal resources.

Terminating this straight-forward method of handling royalty payments runs the risk of raising administrative costs and adding additional layers of paperwork required to determine the value of oil and gas production. The Minerals Management Service itself noted administrative efficiencies brought on by the program, and pointed out that another benefit of RIK is the reduction in costly lawsuits tied to product valuation.

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