The American Petroleum Institute urged the U.S. Court of Appeals to uphold Judge Martin Feldman’s decision to stay the federal moratorium on deepwater offshore drilling. “The government took the proper steps to review the safety and operations of all rigs in the Gulf, following the Deepwater Horizon incident, but a blanket moratorium was a step [...]
Moratorium Causes Significant Harm to Economy (Update)
July 8th, 2010 · 1 Comment
Tags: · american petroleum institute, api, deepwater, deepwater horizon, drilling, Economy, energy security, federal moratorium, gulf coast, gulf of mexico, Jack Gerard, jobs, louisiana, mid-continent oil and gas association, moratorium, Moratorium Causes Significant Harm to Economy, offshore drilling, U.S. Court of Appeals
Marcellus Shale Natural Gas Play Promises 212K Jobs in Pennsylvania During Next 10 Years
May 25th, 2010 · 5 Comments
Imagine 212,000 new jobs during the next 10 years in Pennsylvania alone. Contemplate generating $1.8 billion in state and local tax revenues during the next 18 months. Think about the energy security provided by a natural resource that has the potential to produce 13.5 billion cubic feet of natural gas per day. Now, go beyond [...]
Tags: · Colorado, Congress, drill, drill congress, drilling, economic impact, energy information administration, energy security, jobs, kathryn klaber, marcellus shale, marcellus shale coalition, Marcellus Shale Natural Gas Play Promises 212K Jobs in Pennsylvania During Next 10 Years, natural gas, penn state, penn state university, Pennsylvania, piceance basin, rosemarie swanger, tax revenues, western colorado
Industry Reduces Greenhouse Gas Emissions
March 25th, 2010 · No Comments
Greenhouse gas emissions from the U.S. oil and natural gas industry declined more than 48 million metric tons of carbon dioxide equivalent from 2007 to 2008, a reduction comparable to taking 9.7 million cars off the roads, an American Petroleum Institute-sponsored study estimates. Among the factors contributing to the reduction is more than $58 billion [...]
Tags: · Carbon Dioxide, co2, crude oil, drilling, emission reductions, Emissions, Fuel, fuel substitution, ghg, Greenhouse Gas, Greenhouse Gas Emissions, heat, Industry Reduces Greenhouse Gas Emissions, investments, investments in wind and solar, low-carbon technology, natural gas, non-hydrocarbon fuels, oil, oil and natural gas industry, petroleum product demand, power, refinery, Solar, wind
Domestic Drilling Activity Drops 37 Percent in 2009
January 14th, 2010 · No Comments
While the estimated number of U.S. oil and natural gas wells and dry holes completed in 2009 – 39,068 — was 37 percent lower than 2008, according to officials at the American Petroleum Institute, there is some good news in the Oil Patch. Fourth-quarter totals of 10,609 completions were 19 percent higher than the third [...]
Tags: · american petroleum institute, api, commodity prices, completed wells, completions, domestic drilling activity, Domestic Drilling Activity Drops 37 Percent in 2009, drilling, drilling activity, dry holes, exploratory oil and gas wells, fourth-quarter drilling estimates, natural gas, oil, oil patch, wells
‘Drill, baby, drill!’ Rock ‘n’ Roll Quality Demands It
November 11th, 2009 · No Comments
According to the folks at Overthinkingit.com, the decline in U.S. oil production is explained by the Hubbert Peak Theory, which states that “the amount of oil under the ground in any region is finite, therefore the rate of discovery which initially increases quickly must reach a maximum and decline.” Makes sense, right? Further, they explain [...]
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Chevron to Set Records with State-of-the-Art Ship
August 14th, 2009 · No Comments
Almost nine months ago, I published a post about an offshore drilling record being set in the Gulf of Mexico. Today, thanks to a heads up from Jane Van Ryan at the American Petroleum Institute, I bring news of the Discoverer Clear Leader, a new state-of-the-art vessel is capable of drilling wells in 12,000 feet [...]
Tags: · american petroleum institute, api, chevron, chevron corporation, discoverer clear leader, drill congress, drilling, drilling wells, energy tomorrow, gulf of mexico, offshore drilling, shell, shell oil, state-of-the-art vessel
2009 Energy Bill Will Punish Oil Consumers
June 8th, 2009 · No Comments
American Petroleum Institute President Jack Gerard issued back-to-back statements today related to the American Clean Energy and Security Act of 2009. About the Congressional Budget Office cost estimate on the measure, Gerard said the following: “The study confirms the bill discriminates against ordinary Americans who depend on cars, trucks, trains and airplanes and will be [...]
Tags: · american clean energy and security act of 2008, american petroleum institute, api, api president jack gerard, cbo, cbo cost estimate, Clean Energy, congressional budget office, drilling, Energy, energy security, fuel prices, gulf of mexico, Jack Gerard, job killer, jobs, moratoria, offshore drilling, Senate, senate energy and natural resources, senate energy and natural resources committee
