Posted June 24, 2016
Let’s spend a few words supporting the work of the folks at the U.S. Energy Information Administration (EIA) – which compiles energy data and produces reports that depict America’s current energy picture, as well as projections on how that picture could look years from now. EIA’s analyses are valuable for policymakers, energy-associated industries, a range of business sectors and regular Americans.
Unfortunately, EIA is taking criticism from some quarters because its reports, such as the Annual Energy Outlook 2016, project that fossil fuels will continue to be the largest piece of the U.S. energy portfolio well into the future. A number of critics want EIA to issue projections that are more optimistic about the use of renewables. ...
While predicting things is tricky, it looks like EIA’s 2000 projection for 2015 turned out to be pretty accurate for petroleum/other liquids and renewables.
Posted June 16, 2016
When it comes to making actual progress on climate through the reduction of carbon emissions, basically there are two groups: talkers and doers.
Talkers spend much of their time filibustering on the need to reduce emissions through central government planning – bureaucratic programs, new layers of regulation, onerous pricing mechanisms and more – while criticizing those who don’t rush to embrace Washington climate think.
As for the doers, they’re already reducing emissions. Our industry is part of this second group.
Posted June 14, 2016
Advanced hydraulic fracturing – the foundation of America’s historic, game-changing energy revolution – is under attack. On the presidential campaign trail, in conversations in Washington and other places, fracking faces ideologically motivated challenges from those who ignore its science and misrepresent its safety record.
It’s critically important that we have an honest conversation about hydraulic fracturing because it is responsible for at least 2 million wells and up to 95 percent of new wells being drilled – accounting for more than 43 percent of oil and 67 percent of natural gas production. The U.S. Energy Information Administration (EIA) projects that fracking, which now accounts for about half of U.S. dry natural gas production (14 trillion cubic feet or Tcf), will account for 69 percent of production in 2040 (29 Tcf).
This is significant because increased use of clean-burning natural gas is the primary reason the United States is leading the world in reducing energy-associated carbon emissions. Without fracking and the natural gas produced by it, the United States would be with the other nations of the world who’re in search of climate solutions.
Posted May 24, 2016
Compelling video interview earlier this month with Chevron Chairman and CEO John S. Watson by the Wall Street Journal – headlined the “Morality of Oil.”
This is especially timely, given the claims of some industry opponents that affordable, reliable, portable energy somehow isn’t a public good, despite some important facts to the contrary.
Posted May 23, 2016
New figures from the U.S. Energy Information Administration show the United States remained the world’s No. 1 producer of oil and natural gas in 2015, a position the U.S. has held since 2012.
Several important points here, supporting the idea that U.S. world energy leadership is a big thing.
First, U.S. production of oil and natural gas grew last year despite continued low prices for crude last year. U.S. output of petroleum and other liquid fuels grew from 14.08 million barrels per day in 2014 to 15.04 million barrels per day in 2015. According to EIA, natural gas production rose from 74.89 billion cubic feet per day (bcf/d) in 2014 to 78.94 bcf/d in 2015, or about 13.99 million barrels of oil equivalent per day.
The second point is the vast majority of U.S. energy production is the result of safe and responsible hydraulic fracturing and modern horizontal drilling – fracking.
Posted May 17, 2016
The United States in 2040 will be more energy self-sufficient, a net energy exporter and a lower source of energy-related carbon emissions as clean-burning natural gas becomes the dominant fuel for generating electricity. The leading energy source 24 years into the future – as they are now – will be oil and natural gas.
So projects the U.S. Energy Information Administration (EIA) in an early look at select data from EIA’s Annual Energy Outlook 2016 report that’s scheduled for full release in July.
The main takeaway from EIA’s “sneak preview” is the importance of the U.S. energy revolution – primarily oil and natural gas developed from shale and other tight-rock formations using safe hydraulic fracturing and modern horizontal drilling. The United States is stronger now and will be in the future thanks to domestic energy from fracking.
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 10, 2016
We’ve written a number of posts recently on U.S. climate gains from increased use of clean-burning natural gas (see here, here and here). Domestic natural gas is the main reason the U.S. is leading the world in reducing carbon emissions – underscored by government data this week showing that energy-associated emissions in 2015 were 12 percent lower than 2005 levels.
Yet, some continue to miss the role natural gas is playing in U.S. climate progress. Instead of declaring victory, some continue to rally, protest and campaign against natural gas and its infrastructure – opposing the very thing that is achieving what they want. Unfortunately, they’re impacting public policy along the way.
Nowhere is there a better illustration of this negative impact than in New York state.
Posted May 9, 2016
With new government data showing that U.S. carbon emissions in 2015 were 12 percent below 2005 levels, it might be time for some to take “yes” for an answer – that yes, on reducing carbon emissions, the United States is showing the way for the rest of the world with abundant, clean-burning natural gas.
The U.S. Energy Information Administration (EIA) says despite the fact the U.S. economy was 15 percent larger in 2015 than it was in 2005 (inflation-adjusted numbers), energy-related carbon dioxide emissions were lower last year than they were 11 years ago.
Posted May 4, 2016
The progress the United States is making toward its climate goals starts with clean-burning natural gas.
Increased domestic natural gas production and its use is the primary reason the United States leads the world in reducing carbon emissions. It’s the keystone for a workable strategy to advance climate goals while sustaining economic growth and prosperity – the U.S. model. The U.S. Energy Department’s Christopher Smith, last week in Houston:
“A big part of the reduction in greenhouse gas emissions that we’ve been able to manage in the United States is due to the fact … we’ve got trillions of cubic feet of natural gas that we are going to be able to produce safely, and our domestic supply has gone from one of scarcity to one that has enabled us to use more natural gas in baseload power consumption.”