American Petroleum Institute

RWE Struggles To Remain Profitable, Mulls Closing Garzweiler Mine

Germany is facing an energy paradox where significant increases in renewably-generated power – mostly from wind and solar – are being surpassed by increases in coal-fired power. Part of the reason stems from the country’s decision to phase out its nuclear fleet. A majority of the nuclear generation capacity that has come offline – 8… Keep reading →

President Obama Speaks At Southern Site Of The Keystone Oil Pipeline

The long-delayed Keystone XL pipeline and whether President Obama will agree with a strong majority of Americans who believe that the full project is in the U.S. national interest landed on a couple of year-ending lists of top energy issues, here and here, no doubt reflecting the politics surrounding the pipeline’s five-year federal review. Much of politicizing has been fueled… Keep reading →

EPA Proposes Changes To Ethanol Mandate In Gasoline

The US Environmental Protection Agency (EPA) released its proposal for mandated levels of renewable fuels blended into gasoline and diesel on Friday. The proposal aims to find a balance between encouraging the continued growth of the biofuels sector and avoiding blending more ethanol into the motor fuel pool than some engines can safely handle. Production… Keep reading →

Oil Drops To $96 A Barrel As Energy Prices Decline 1.4 Percent In April

Four oil traders are claiming in a lawsuit that they can prove that BP, Statoil and Shell conspired with Morgan Stanley and trading firms such as Vitol to manipulate Brent crude prices. The traders say that the three oil companies placed orders to move markets, rather than buy crude. “Platts’ methodology ‘can be easily gamed… Keep reading →

A Squirrel Stands On A Halloween Jack-O'-Lantern

For those who missed it when the news broke that the Department of Energy was offering energy-themed stencils for Halloween pumpkin-carving, here is where you can find the DOE’s exciting patterns, which include a compact florescent lightbulb and an atom. As innocuous as this seems, oil and gas industry group the American Petroleum Institute has… Keep reading →

Washington Landmarks Begin To Re-Open As Government Shutdown Ends

Taxes account for a significant portion of energy companies’ operating expenses and factor into investment decisions. Some fear that increasing the tax burden on energy companies or removing certain incentives could put the brakes on the recent US oil and gas production boom. Read Breaking Energy coverage of the oil company tax debate taking place… Keep reading →

Gulf Oil Spill Begins To Reach Land As BP Struggles To Contain Leak

The Senate has unanimously approved a bill to implement the U.S.-Mexico Transboundary Hydrocarbons Agreement aimed to facilitate offshore drilling cooperation in the Gulf of Mexico. On October 12, 2013, the Senate unanimously approved S. 812 to authorize the Secretary of the Interior to implement the 2012 U.S.-Mexico Transboundary Hydrocarbons Agreement. The agreement establishes a legal… Keep reading →

Germany Drops Biofuel Plans

The API has challenged EPA’s 2013 RFS mandate, claiming that the volumetric targets are unrealistic. On October 8, 2013, the American Petroleum Institute (API) filed a lawsuit in the District of Columbia Circuit Court of Appeals challenging the Environmental Protection Agency’s (EPA) 2013 Renewable Fuel Standard (RFS) volumetric requirements, claiming the 6 million gallon (MG)… Keep reading →

Oil Boom Shifts The Landscape Of Rural North Dakota

The American Petroleum Institute’s latest statistics for US crude oil production show output for the month of August at its highest level in a quarter of a century. Production averaged more than 7 million barrels per day in August for the tenth consecutive month, according to API. “U.S. crude oil production in August increased by 1.2… Keep reading →

State Funeral Held For Hugo Chavez In Caracas

Bad day for Venezuela, and for former president Hugo Chavez’s legacy: A massive power outage cut off electricity for almost 70% of the country’s population yesterday. “A lack of investment and training in the electric grid has contributed to more than 500 blackouts registered in Venezuela as of June this year.” [Christian Science Monitor] And… Keep reading →

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