This time a year ago, Houston and the Texas Gulf Coast were reeling from Hurricane Harvey, a monster storm that came ashore twice in less than a week, causing death and an estimated $125 billion in damage while inundating some parts of Texas with more than 60 inches of rain – a record for a U.S. weather event. The… Keep reading →
The map below makes clear just how much damage could be done to the United States’ fifth-leading natural gas and seventh-largest oil producing state by Colorado’s Initiative 97 – the anti-energy, anti-progress measure that state officials said will be on the November election ballot. Coloradoans and all Americans should be very concerned: The map illustrates how the initiative’s requirement for… Keep reading →
Domestic natural gas abundance – safely developed with modern hydraulic fracturing and high-tech horizontal drilling – has benefitted consumers and the economy while reducing greenhouse gas emissions and helping make our air cleaner. Sustaining and growing those benefits largely depends on market growth for natural gas – to add production that production must have new and/or growing markets… Keep reading →
With EPA unveiling its proposed new rule to reduce greenhouse gas emissions from power plants, there’s already lots of discussion of whether the proposal is an improvement over the rule it would replace – whether a regime may focus on the utility sector as a system or needs to focus on individual sources. Be that as… Keep reading →
With EPA receiving public input this week on its proposed ethanol volumes for 2019 under the Renewable Fuel Standard (RFS), it’s important to stay focused on the potential negative impacts of a broken Washington policy — on consumers and the fuel market. Yes, we know that America’s energy renaissance in natural gas and oil production has accomplished the… Keep reading →
Lots of positive energy data points in API’s newest Monthly Statistical Report – and one that’s potentially concerning. The good: The U.S. tied its record for crude oil production in July at 10.7 million barrels per day (b/d) and set a new one for natural gas liquids, 4.4 million b/d. With total liquids production up by more… Keep reading →
A couple of observations on China’s announcement late last week that it may impose a 25 percent tariff on U.S. shipments of liquefied natural gas (LNG) to that country – which would be in retaliation for announced U.S. tariffs on certain Chinese goods coming into this country. First, China was the third-largest importer of U.S. LNG in… Keep reading →
Recently, we discussed how natural gas and oil production and energy exports were major contributors to robust second-quarter growth by the U.S. economy – by themselves generating nearly half of the increase in U.S. real exports in Q2. Yet, there’s concern that escalating U.S. trade restrictions and looming disputes could threaten global trade and economic growth. We’ve… Keep reading →
U.S. Energy Secretary Rick Perry makes a number of important points about domestic natural gas and oil production, hydraulic fracturing and U.S. energy exports in a piece for CNBC: The United States is shedding dependence on imported energy. U.S. energy exports are helping friends and allies overseas. Natural gas is helping the U.S. lead in cutting… Keep reading →
The U.S. gross domestic product (GDP) increased 4.1 percent in the second quarter at a seasonally-adjusted annualized rate, its best pace since 2014, driven by strong consumer and business spending as well as a surge in exports ahead of retaliatory tariffs from China. As the energy renaissance has continued to raise U.S. natural gas and oil production… Keep reading →
