The Northeast has joined Texas as a hotbed for energy lawyers, driven by our nation’s insatiable demand for energy and the lack of a coherent national energy policy. In addition, the industry is moving from a time-worn regulated monopoly model to free-market competition – complicated by climate change concerns on the one hand and the… Keep reading →
It sounds counterintuitive, but Texas’ energy boom its taxing its energy capacity. “Many municipalities and businesses are bracing for big surcharges this year, after having been hit hard last summer, as energy use by oil drilling and production equipment outpaces the capacity of the region’s power grid.” [Wall Street Journal] India’s oil imports from Iran… Keep reading →
By Sri Jegarajah The risk of a disorderly decline in benchmark U.S. crude futures is growing after a four-week rally sent prices to 16-month highs and money managers amassed record bullish bets, defying an economic slowdown in China and the North American shale energy supply boom. WTI (West Texas Intermediate, the oil grade underpinning the U.S. crude futures… Keep reading →
The US federal government has long had a hand in guiding development of the country’s energy sector. In some cases, such as the Department of Energy’s role in the early stages of research and development that helped usher in the shale boom, this has been hailed as a success. In others, such as the highly-publicized… Keep reading →
Mexico is heading towards much-needed energy sector reform, and with two of the country’s three major political parties in broad alignment on energy goals, major changes to the sector look more likely than ever, according to attorneys in the energy practice of law firm Mayer Brown. Mexico is major oil producer, and one of the… Keep reading →
Renewables are making large gains globally, but if they are to continue grabbing market share from fossil fuels, they will require reliable policy backing, according to International Energy Agency Executive Director Maria Van Der Hoeven. The IEA’s 2013 Medium-Term Renewable Energy Market Report maintains a positive outlook for growth in renewables worldwide. “Despite a difficult economic… Keep reading →
By Javier E. David While some observers are warning that surging shale development and new natural gas discoveries could spawn a potential glut, most energy market watchers say strong demand makes natgas oversupply a remote prospect. Natural gas development is growing by leaps and bounds, especially in the United States. In the throes of what… Keep reading →
Many younger professionals working today have had a hard time in jumpstarting their careers. For all the talk of coddled millennials, many graduated into the worst job market in decades with significant student debt and facing the kind of industry disruptions that tend to result in mass layoffs amid serious fundamental skills mismatches. It… Keep reading →
The North American gas shale revolution’s medium-term impact on global markets will be realized through exports of the fuel itself, rather than the technology to access it, according to International Energy Agency Executive Director Maria Van Der Hoeven. “The unconventional gas revolution in the US will impact gas markets over the medium term more by… Keep reading →
Speakers at the Energy Information Administration Conference in Washington, DC this week addressed three critical questions raised by the prospect of US LNG exports: how much US gas will the global market take, what impact will US exports have on global prices, and will development of unconventional gas outside of North America have a dampening… Keep reading →
