Expect the promised benefits of natural gas to really begin hitting the North American economy in the second half of this decade, said Chevron Vice President of Supply and Trading Greg Vesey at the North American Gas Forum in Washington, DC this week. It will take two to three years to complete construction of manufacturing… Keep reading →
The dramatic shift in the US natural gas sector over the past five years calls for a rethink of at least some aspects of natural gas policy. But heated debates over its economic and environmental impacts, and uncertain progress on regulatory and legislative changes, show how elusive agreement on a new policy trajectory can be.… Keep reading →
By Sri Jegarajah Benchmark oil prices are set to start the third-quarter on a positive note, reflecting expectations of better US data with ISM manufacturing and Friday’s closely-watched June jobs report amongst the highlights, though further evidence of a slowdown in China may limit gains, according to CNBC’s latest survey of oil market sentiment. Oil bulls… Keep reading →
US President Barack Obama today unveiled a wide-ranging climate change action plan that, among other measures, seeks to limit carbon dioxide emissions from power plants. The plan has provoked responses that see the plan as praiseworthy, sensible, misguided, and even hostile to affordable energy. Below is a selection of responses, and you can read the… Keep reading →
In the midst of the shale revolution, US proved natural gas reserves drove the first ever global decline in proved gas reserves in 2012, and it all comes down to low prices, according to BP Chief Economist Christof Rühl. Global proved natural gas reserves fell by half a trillion cubic metres in 2012 compared to… Keep reading →
The ongoing debate about whether the US should permit additional LNG exports to countries with which it does not have a free trade agreement (non-FTA) is far from being just a question of whether we have enough gas to remain well-supplied domestically and export to other countries. The LNG export issue touches upon prospects for… Keep reading →
A man works on the factory floor at Quadrant, a high end plastic processor on October 19, 2011 in Reading, Pennsylvania. Quadrant, a 70 year old company, employs more than 2000 people in 20 countries and is one of the few remaining manufacturers in the area to still provide stable jobs in an uncertain economy.