Lots of positive energy data points in API’s newest Monthly Statistical Report – and one that’s potentially concerning. The good: The U.S. tied its record for crude oil production in July at 10.7 million barrels per day (b/d) and set a new one for natural gas liquids, 4.4 million b/d. With total liquids production up by more… Keep reading →
Russian hackers gained access to the networks of U.S. electric utilities last year, which could have allowed them to cause blackouts, according to federal government officials
The U.S. gross domestic product (GDP) increased 4.1 percent in the second quarter at a seasonally-adjusted annualized rate, its best pace since 2014, driven by strong consumer and business spending as well as a surge in exports ahead of retaliatory tariffs from China. As the energy renaissance has continued to raise U.S. natural gas and oil production… Keep reading →
Big news in the latest API Monthly Statistical Report: U.S. crude oil production rose to an all-time record of 10.7 million barrels per day (mbd) in June – the largest monthly output, ever. Below, the U.S. Energy Information Administration’s chart showing U.S. oil production since the era of Col. Edwin Drake, with annual output peaking at 9.637… Keep reading →
Tariffs and quotas on imported steel imposed by the Trump administration are self-inflicted potholes on the path to the administration’s goal of U.S. “energy dominance.” They’re bad for American energy, which uses steel throughout its operations and delivery networks. They’re bad for American manufacturing, they’re bad for American consumers, and they’re bad for America. We’ve… Keep reading →
President Trump is expected to announce his Supreme Court nominee this week
The U.S. Senate has passed S.3042 — Agriculture Improvement Act of 2018 (Farm Bill) with a vote of 86-11.
The U.S. Senate has voted 85-10 to approve the annual National Defense Authorization Act, authorizing a total of $716 billion in FY 2019 for national defense.
We previously reported that the FBI has warned consumers about a nasty malware, known as VPNFilter
The decision by the Trump administration to impose tariffs on imported steel, including key allies Canada, Mexico and the European Union, is the wrong direction for U.S. energy policy. While the full effect of these tariffs on steel-intensive business—and the U.S. economy—remains to be seen, the impacts will ripple through the natural gas and oil… Keep reading →
