We’ve posted quite a bit recently about the need for streamlining the federal permitting process for energy infrastructure (see here and here). An API study earlier this year estimated investments in needed natural gas and oil infrastructure could total more than a trillion dollars and potentially generate more than 1 million jobs through 2035. That’s a lot of economic… Keep reading →
Energy infrastructure is largely invisible to most of us but is essential to all of us. In the past decade or so more of that energy is produced in North America. To deliver that energy, a best-in-class system of pipelines, pumps and storage units ensure that we always have a reliable, affordable and safe supply… Keep reading →
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… Keep reading →
Offshore oil production in the Gulf of Mexico is set to reach a record high next year, according to new projections from the U.S. Energy Information Administration (EIA). By the end of 2017, production is projected to reach 1.9 million barrels per day, accounting for 21 percent of total U.S. crude oil production. That represents a… Keep reading →
It’s become a State of the Union tradition: President Obama touts the benefits of oil and natural gas production without identifying the American energy revolution as their source. This year, the president implied that government investments in wind and solar are the reason the United States has “cut our imports of foreign oil by nearly 60 percent, and cut… Keep reading →
A couple of data points from the U.S. Energy Information Administration (EIA) that help illustrate the impact of the natural gas portion of the American energy revolution. First, EIA reports that wholesale electricity prices at major trading hubs, on a monthly average for on-peak hours, were down 27 percent to 37 percent across the U.S.… Keep reading →
Interesting analysis on energy independence in the Wall Street Journal by Columbia University’s Jason Bordoff, a former energy adviser to President Obama. It’s a good thing the United States isn’t energy independent, Bordoff writes. That’ll get your attention, right? As Bordoff explains, “energy independence” is a dusty concept from the 1970s and 80s, after policymakers made… Keep reading →
Late last week the Obama administration gave the go-ahead for limited domestic crude oil exports to Mexico, a positive move on oil exports – yet one that immediately underscores this question: Why stop there? According to the Associated Press, license applications approved by the Commerce Department allow the exchange of similar amounts of U.S. and… Keep reading →
On Monday, the Environmental Protection Agency (EPA) announced the Clean Power Plan, the first initiative of its kind to curb carbon dioxide (CO2) emissions from existing U.S. power plants. By improving air quality, the plan promises to prevent 90,000 childhood asthma attacks and avoid up to 3,600 premature deaths each year – without compromising economic growth.… Keep reading →
At an event last month, API President and CEO Jack Gerard sketched the broad outlines for a national conversation on energy, connecting energy policy with the approaching 2016 elections. It’s an appropriate linkage. Our country has become a global energy superpower thanks largely to private innovation and entrepreneurship, which have created a generational opportunity –… Keep reading →
