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Posts Tagged ‘American Petroleum Institute’

Economic Effects of Oil & Gas Exploration in the South Atlantic

Wednesday, December 30th, 2015
Figure 1 VA, NC, SC, and GA Ocean Economy: 2012 Employment; Figure 2 VA, NC, SC, and GA Ocean Economy: 2012 GDP

MIDDLEBURY INSTITUTE OF INTERNATIONAL STUDIES AT MONTEREY
CENTER FOR THE BLUE ECONOMY
In 2013, the American Petroleum Institute and the National Ocean Industries Association, oil and gas industry groups, commissioned Quest Offshore Resources, Inc., to prepare a report (the Quest report) on the economic impacts of offshore drilling in the Atlantic. This report has been widely cited to make the case for opening the Southeast to oil and gas development based on significant local, state, and regional benefits from drilling…This summary identifies issues with the Quest report that lead to significant overestimates of the economic impacts of offshore drilling in the Atlantic and provides an overview of the existing ocean economy of the South Atlantic region in order to provide the context of the industries that could be vulnerable to disruptions from oil and gas activity.

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Posted in Energy, Environment, Infra Views, Local, Sustainability

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The Economic Impacts of Failing to Build Energy Infrastructure in New England

Friday, September 18th, 2015
FIGURE 1: INFRASTRUCTURE EXPANSION – UNCONSTRAINED CASE

NEW ENGLAND COALITION FOR AFFORDABLE ENERGY 1. Introduction and Overview The New England Coalition for Affordable Energy (“the Coalition”) retained La Capra Associates, Inc. (“La Capra”) and Economic Development Research Group (“EDR Group”) to conduct an independent, objective study of the economic consequences of constrained investment in natural gas and electricity infrastructure to serve New England’s […]

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Our Energy Tomorrow: The State of American Energy

Friday, January 9th, 2015
hydropower

America now occupies a position of energy leadership that was unthinkable a short time ago. Gone are the days of uncertainty and concern over having the supply of energy we need, when we need it. Today, the United States is the world’s top producer of natural gas, the world’s leading refiner of petroleum products, and very soon could be the leading producer of oil…But this is only part of America’s larger energy story. The United States is in the midst of a new era in domestic energy abundance characterized by rising use of renewable energy and increased oil and natural gas production that is strengthening our economic outlook and enabling America to emerge as a global energy superpower.

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Posted in Carbon Tax, Clean Air, Energy, Environment, Infra Views, Pollution

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Oil & Natural Gas Transportation & Storage Infrastructure: Status, Trends, & Economic Benefits

Wednesday, January 8th, 2014
Base Case Direct Capital Investments Cumulative

AMERICAN PETROLEUM INSTITUTE
Over the past five years, unconventional oil and gas activity has thrust the nation into an unexpected position. The U.S. is now the global growth leader in crude oil production capacity growth, adding nearly 1.2 million barrels per day (mbd) of capacity over the 2008 – 2012 time period. In addition, the U.S. is now the largest natural gas producer, at 65 billion cubic feet (Bcf) per day. At the same time, unconventional activity is spurring the growth of natural gas liquids (NGLs) production, adding over 500,000 barrels of oil equivalent (boe) per day since 2008. This has brought the total increase in liquids production capacity to some 1.7 mbd since 2008.

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