API

OPEC Summit

Saudi Aramco is in talks with banks about a $10 billion loan for general business purposes, according to two banking sources, with sources saying the deal could close by the end of the month. “News of the talks comes at a time when Aramco, the world’s biggest oil exporter, is adapting to much lower crude… Keep reading →

Manufacturing To Be A Key Election Issue

The Obama administration announced plans earlier this week to regulate methane emissions form oil & gas operations, which resulted in the usual chorus of applause and grumbles from environmentalists and industry. “This is the biggest opportunity to curb climate change pollution that they haven’t already seized,” David Doniger, director of the climate and clean air… Keep reading →

OPAL Pipeline To Connect To Baltic Sea

The big news today was an announcement that President Obama will not sign Keystone XL oil pipeline legislation currently working its way through congress. Interestingly, the announcement was made at the same time major oil and gas industry trade group American Petroleum Institute President Jack Gerard delivered the annual State of American Energy address, in… Keep reading →

Rushing to Regulate

Leaks Found At Illinois Nuclear Plants

Eye-catching headline this week in The Hill: “EPA races to finish Obama rules.” First reaction: Haste makes waste – and when talking about regulation that could affect America’s dynamic, game-changing energy revolution, the goal should be sound policy, not speed. The Hill: Officials at the Environmental Protection Agency (EPA) are racing to churn out new regulations… Keep reading →

Russian Gas Supplies Through Ukraine Turned Off

The battle over fracking in Colorado is heating up with major funding flowing into both sides of the debate. Several ballot initiatives regarding the oil and gas well completion technology will be voted on this November. Celebrities like Yoko Ono and wealthy activists including Tom Steyer are supporting anti-fracking legislation, or in many cases, laws… Keep reading →

Price Of Oil Rises As Iran Possibly Halts Exports To Some EU Countries

Big news from the Commerce Department this week is that U.S. exports rose to a new high in 2013 and imports dropped to their lowest level since 2009 for the smallest U.S. trade deficit since 2009 – thanks largely to reduced oil imports due to growing domestic production and record exports of products made from petroleum. The Wall Street Journal (subscription… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The folks at the Energy Collective hosted an interesting webchat discussion of the Keystone XL pipeline the other day, a good part of which focused on greenhouse gas emissions from the project and oil sands development – identified by President Obama as a key basis for his pipeline decision. The big takeaway here: Even at the high end of… Keep reading →

EPA Proposes Changes To Ethanol Mandate In Gasoline

We’ve written quite a bit about bad things that could occur because of the Renewable Fuel Standard’s (RFS) mandates for ever-increasing ethanol use in the fuel supply – from potential damage to vehicle engines and small power equipment engines to broader impacts in the economy.  A study by NERA Economic Consulting warned that RFS mandates could lead to fuel rationing and supply… Keep reading →

President Obama Discusses Clean Energy Jobs

With the State of the Union address scheduled tomorrow night, let’s look at how policy goals in President Obama’s past annual speeches to Congress fit with oil and natural gas development. It turns out the fit is good – very good. For example, in the 2010 State of the Union the president called jobs his… Keep reading →

Coastal Texas Faces Heavy Damage After Hurricane Ike

The U.S. energy revolution continues to reshape America’s energy outlook for the better. Thanks largely to shale energy reserves and advanced hydraulic fracturing and horizontal drilling, the U.S. Energy Information Administration’s 2014 Annual Energy Outlook estimates domestic oil production will approach 9.6 million barrels per day by 2016 – a level of output not seen since 1970.… Keep reading →

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