A new study details the way America’s unconventional energy revolution – oil and natural gas safely developed from shale and other tight-rock formations with advanced hydraulic fracturing and horizontal drilling – is benefiting Americans where they live. The new analysis by IHS shows that electricity and natural gas cost savings from shale energy is, in… Keep reading →
Individual states would see significant job creation and economic growth from exporting U.S. crude oil, according to a new state-by-state report by ICF International and EnSys Energy. Specifically, 18 states could realize more than 5,000 new jobs each in 2020 from crude oil exports, with state economies growing by hundreds of millions of dollars each.… Keep reading →
When EPA proposed tightening the national ozone standards a few years ago, President Obama told the agency to stand down. The existing standard of 75 parts per billion (ppb) wasn’t due for review, and there was concern stricter standards might harm the economy. It’s a concern that hasn’t diminished as the agency starts regular review of… Keep reading →
Eye-catching headline this week in The Hill: “EPA races to finish Obama rules.” First reaction: Haste makes waste – and when talking about regulation that could affect America’s dynamic, game-changing energy revolution, the goal should be sound policy, not speed. The Hill: Officials at the Environmental Protection Agency (EPA) are racing to churn out new regulations… Keep reading →
Industry’s commitment to enhancing the safety to offshore energy development in the four years since the Macondo incident was reflected in a half-day program on prevention and response sponsored by the Center for Offshore Safety (COS) at last week’s Offshore Technology Conference (OTC) in Houston. The COS hosted two panel discussions – one focused on developing effective safety systems,… Keep reading →
Another benefit of America’s energy renaissance is seen in the competitive edge North American refiners are gaining because of lower feedstock costs, resulting from surging domestic crude oil and natural gas production. The latest “This Week in Petroleum” report by the U.S. Energy Information Administration (EIA) says that U.S. and Canadian refiners are in a stronger position relative… Keep reading →
At the heart of the 2014 International Oil Spill Conference (IOSC) in Savannah, Ga., is the exhibitors’ hall where the latest equipment, technologies and services – for spill prevention, preparedness, response and restoration – are on display. This is cutting-edge technology and know-how that’s key to industry’s environmental commitment and sustaining energy development. The conference hall echoes with… Keep reading →
South Carolina, like Virginia, stands to gain thousands of jobs and see billions in economic growth if the federal government will allow oil and natural gas development in the waters off its coast. A Quest Offshore Resources study projects more than $15.5 billion in cumulative energy spending in the state from 2017 to 2035 with offshore development, an… Keep reading →
Take a look at the fuels and products delivered every day by America’s sprawling network of liquid petroleum and natural gas pipelines, and you’ll develop a new appreciation for energy infrastructure: gasoline, diesel, jet fuel and other fuels and natural gas and heating oil for our homes. Plus feedstocks to make products ranging from eyeglasses to… Keep reading →
A couple of the main points in API President and CEO Jack Gerard’s speech to the STEM Solutions National Leadership Conference in Washington this week: America’s oil and natural gas industry offers the careers to attract motivated science, technology, engineering and math graduates – and it needs them. Industry’s dynamic job-creating ability must be sustained through strategies… Keep reading →
