7 item(s) were returned.
Member
U.S. House of Representatives
The United States is blessed with an abundance of natural gas and has been a net exporter since January 2018. Thanks to the Trump Administration’s increased de-regulation, we are reaping the fruits of this expanding energy sector. With this increase in energy production, Congress must make proper investments in infrastructure and effectively reform regulations to aid in the export of liquefied natural gas (LNG). To help accomplish this, I and Congressman Michael Waltz (R-FL-06) have introduced the Small-Scale LNG Access Act (H.R. 1836). Senator Bill Cassidy (R-LA) has introduced a Senate companion bill (S. 816), which has two new cosponsors… [more]
View Insight
Director of International Public Policy and Advocacy
Global Innovation Policy Center, U.S. Chamber of Commerce
In June 2016, House Republicans introduced their vision for comprehensive tax reform. Premised on a simpler, fairer code than today’s, the GOP’s plan looks to promote economic growth and create jobs. It also proposes taxing imports at 20%. As part of the plan, Republican Speaker Ryan introduced a border adjustment tax (BAT) that taxes imports but excludes exports. The Tax Foundation concluded that a BAT could generate roughly $1 trillion in revenue over the next decade. According to some oil market experts, “the bottom line with a BAT is the price of crude oil rises.” And with almost a fifth… [more]
View Insight
On the fourth day of his administration, President Trump signed multiple executive actions designed to advance the Keystone XL and Dakota Access pipelines, since related memos specifically invited project developers to re-submit applications for permits and approvals to begin or continue construction. Many view these decisions as a signal the president intends to fulfill campaign promises promoting the oil and gas industries, as described in his America First Energy Plan. Pipeline opponents, however, are already preparing for legal battles seeking to block these projects. Keystone XL proponents have consistently argued the pipeline will create thousands of good paying jobs while… [more]
View Insight
In May, the Environmental Protection Agency (EPA) released regulations designed to curb methane (CH4) emissions from new, modified and reconstructed oil and natural gas sources. As part of the Obama administration’s effort to combat climate change, the rule attempts to reduce methane emissions by as much as 45% from 2012 levels by 2025. According to the EPA, methane is the second most prevalent greenhouse gas emitted by humans on a pound for pound basis. Although the atmospheric lifetime of CH4 is much shorter than carbon dioxide (CO2), methane is at least 25 times more potent at trapping heat in the… [more]
View Insight
At a recent event hosted by the Hudson Institute, energy professionals gathered to discuss energy issues affecting both the United States and China, with significant discussion centering on how low oil prices generally correlate with economic prosperity and stability – and vice versa. It is projected that China’s oil import dependence will rise from 60% in 2013 to 75% in 2035 and that, in the next 15 years, China will overtake the U.S. as the world’s largest oil consumer. Like the U.S., China’s sustained economic growth is directly influenced by the price of oil. Although crude oil price spikes are… [more]
View Insight
Vice President, Research & Policy Analysis and Chief Economist
America's Natural Gas Alliance
The Obama administration recently announced forthcoming standards for methane emissions from new and modified oil and gas production sources, despite saying “voluntary efforts to reduce emissions in a comprehensive and transparent manner hold the potential to realize significant reductions in a quick, flexible, cost-effective way.” The natural gas industry has already dramatically reduced methane emissions even as production and use have soared. New regulations will take too much time and yield too few benefits, compared with a collaborative approach. Because methane is the product we sell there is great motivation to capture as much as possible. Innovations have led to… [more]
View Insight
On March 20th, following a lengthy public review process, Secretary of Interior Sally Jewell unveiled new federal regulations for hydraulic fracturing on federal lands. According to the Department of Interior, these new standards are designed to (1) improve safety, (2) protect groundwater by updating requirements for well-bore integrity, (3) ensure wastewater is disposed of properly and (4) require public disclosure by companies of chemicals. The regulations will go into effect on June 24th, 2015. The fracking boom put the U.S. on track to be a leading producer of oil and gas, yet most of the production has taken place on… [more]
View Insight