American Petroleum Institute Propaganda versus Facts on Oil and Gas13 Oct

The American Petroleum Institute (API) is opposed to raising taxes on the oil and gas industries. According to the API, the preferred approach is increasing access to domestic energy. That would add 530,000 jobs and create $194B in new revenue, according to a recent API TV ad.

The API assumption is that there are accessible oil and gas reservoirs. The fact of the matter is that oil production peaked and then continued on a consistent decline since 1970 in the lower 48 states. Alaskan oil production peaked in 1988 and the Gulf of Mexico oil production may have peaked in 2003. There may be oil residing in the outer continental shelf, but the extent of oil reservoir volumes are uncertain due to absence of modern seismic data. Further, shale gas reservoirs may be considerably overestimated as reported in my recent blog post.

Perhaps the API should explain what oil and gas reservoirs they were considering  that would add 530,000 jobs and create $194B in new revenue.

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About Dr. Everson

Prior to forming this SBIR consultant practice, Dr. Jeffrey Everson was director of business development for QinetiQ North America’s Technology Solutions Group (previously Foster-Miller, Inc.).

Dr. Everson has won and been the principal investigator for several SBIR programs, including a Phase I program for NASA, a Phase I project for the U.S. Air Force, and Phase I and II contracts from the U.S. Department of Transportation. For the Phase II program, he received a Tibbetts Award for exemplifying the best in SBIR achievement.

Previously Dr. Everson held senior scientist positions at Battelle Memorial Institute, The Analytic Sciences Corporation (TASC), Honeywell Electro Optics Systems Division, and Itek Optical Systems Division.

He holds a PhD in physics from Boston College and a MS/BS in physics from Northeastern University.

Contact

For more information about how JHEverson Consulting can help your company with its SBIR and STTR proposals, please contact Jeff Everson.

JHEverson Consulting is based in the Boston area but consults for clients throughout North America. It also is supported by affiliated consultants.