It’s not often you hear a former major oil company executive speak despairingly about oil and gasoline, but that’s exactly what John Hofmeister has been doing with his time since leaving Shell. He is not anti-fossil fuels, however, and sees great promise for natural gas as an oil substitute in the transportation sector. Hofmeister has… Keep reading →
North America has the equivalent of a new lease on life with regard to energy, as decades of declining oil & gas production drastically reversed course in the past 5 years, and petroleum liquids consumption is dropping after a long growth spurt. This has led the US to import fewer barrels of oil from overseas… Keep reading →
Hayward steps in as interim Glencore chairman Former BP Chief Executive Tony Hayward is will serve as interim board chairman at mining behemoth Glencore Xstrata until a replacement can be found. Hayward was head of BP at the time of the Deepwater Horizon incident – a rig explosion in the Gulf of Mexico in 2010… Keep reading →
Canadian Prime Minister Stephen Harper spoke bluntly about the rationale for approving the Keystone XL pipeline during a visit to the Council on Foreign Relations in New York yesterday. Canadian energy exports are critically important to the country’s economy, which has suffered in recent years from a lack of market access for its crude oil…. Keep reading →
The National Strategy for the Arctic Region intends to position the U.S. to respond to challenges and economic opportunities in the Arctic, prioritizing security, responsible resource development, and cooperation with other Arctic nations. On May 10, 2013, the White House unveiled the “National Strategy for the Arctic Region,” outlining the administration’s priorities to manage… Keep reading →
Turkey’s state-run oil firm has struck an agreement with U.S. oil giant Exxon Mobil Corp. (XOM) to develop joint projects in Kurdish-administered northern Iraq, the country’s Prime Minister Recep Tayyip Erdogan said Tuesday. Mr. Erdogan also said that Turkey can pursue separate arrangements with the Erbil-based Kurdistan Regional Government, or KRG. “Countries from various parts… Keep reading →
By: Javier E. David – Special to CNBC.com Once touted as a successor, or at least a competitor, to carbon-based power, the nuclear sector has taken a beating as the momentum behind new projects stalls and enthusiasm for domestic fossil fuel production grows. Across the country, plans to build nuclear plants have hit roadblocks recently—a… Keep reading →
Few would disagree the decision about whether to build the Keystone Pipeline extension should rely on science-based research, so what does the science tell us? Well, as is often the case with politics, the results appear to vary depending on one’s agenda and the statistics being highlighted. The Congressional Energy and Environmental Subcommittees held a… Keep reading →
In its latest installment of “This Week at Interior,” the US Interior Department discusses the recent findings released by the US Geological Survey indicating there may be additional oil & gas reserves located in formations below the Bakken Shale. Watch this short video about that discovery and more.
Rising North American oil production helped to bring down oil, gasoline and diesel prices in 2012, and prices will continue to fall in 2013-2014, according to the Energy Information Administration (EIA). The EIA has forecast in its latest Short-Term Energy Outlook (STEO) that US benchmark crude oil West Texas Intermediate will average $93.17 per barrel… Keep reading →
Jared Anderson
Conway Irwin
Peter Gardett