Week In Review: May 10, 2019
Fri, May 10, 2019
May 10, 2019
A new report from the Environmental Integrity Project (EIP) misleads the public on emissions from oil and gas development in the Permian Basin, claiming “harmful” levels of sulfur dioxide (SO2) based on a limited reading of air quality events. The report also mischaracterizes operations from oil and gas facilities as “illegal air pollution,” even though such events are codified in Texas law, and operators must submit details on those events to state regulators.
The new buzzword in the energy industry is "geopolitics." The role of America’s oil and natural gas companies has never been more consequential in shaping the global political order. If history is a good signpost, the change being driven by our nation’s energy industry will have a significant worldwide impact on technologies and policies that will last for decades.
Increased natural gas consumption has generated a truly incredible story for the environment as U.S. greenhouse gas emissions have fallen to their lowest levels since 1992. But the air quality improvements go even further, as a new Energy In Depth analysis shows: The U.S. oil and gas industry is also making incredible progress in reducing methane emissions as production surges in America’s top shale basins.
As U.S. oil production has grown, thanks in large part to Texas shale development, the volume of petroleum imports has declined substantially. Oil exports boost Texas and the U.S. economy. Add your name here to support oil exports!
In Case You Missed It
Texas oil and gas production has been a significant contributor to the state's education system. Oil and natural gas development generated $1.28 billion from oil and gas related property taxes for Texas public schools in 2018. Joins us to support Texas education funding: