One benefit from the renaissance in U.S. energy production is the new capability to export American oil and natural gas – the mere discussion of which reflects the sea change in our country’s energy outlook. Consider: Just a few years ago there was great concern about growing U.S. dependence on imported crude oil. And because… Keep reading →
Crude Oil Exports
100 Days: Energy Exports Strengthen U.S., Boost Allies
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We will never sell or share your information without your consent. See our privacy policy.Senate Oil Export Hearing Panelists Debate National Security And Limited Refinery Capacity
By Enerknol ResearchInsight for Industry – U.S. Crude Oil Export Restrictions Cause Refining Mismatch and Light Oil Price Discount The dramatic increase in domestic oil production over the past decade – facilitated by drilling technology improvements – has rekindled the crude oil export debate. Allowing crude oil exports would provide an additional market for light crude derived… Keep reading →
Infrastructure, Exports, Cybersecurity To Be Key Energy Trends In 2015
By Andrew Ricci | LEVICK ENERGY2014 was certainly a busy and productive year for the energy industry and energy policy. We saw a relaxation of crude export regulations for the first time in decades, allowing the glut of condensate the United States is producing to be shipped overseas. We saw high profile political battles over greenhouse gas emissions, hydraulic fracturing,… Keep reading →
The U.S. Department of Commerce’s (DOC) Bureau of Industry and Security (BIS) is the section in charge of regulating exports of crude oil. The U.S. is producing more oil than it has in the previous decades; however, a government ban on crude oil exports has created an oversupply, resulting in opportunities for numerous industry players. The… Keep reading →
Energy Quote of the Day: ‘The Gulf Coast is Going to be the Place for Having Any Storage’
By Jared AndersonThe US Gulf Coast is becoming the country’s preeminent petroleum storage hub as shale oil and natural gas liquids flow south to the massive refining and export center. In a move designed to capitalize on that trend, Enterprise Product Partners yesterday announced the $4.4 billion acquisition of storage company Oiltanking. And according to The American… Keep reading →
The Brookings Institute in Washington DC has come out in favor of lifting the U.S. ban on crude oil exports. Brookings hosted an event on Sept. 9 to unveil their new report titled “Changing Markets: Economic Opportunities from Lifting the U.S. Ban on Crude Oil Exports” written by Charles Ebinger and Heather Greenley and based… Keep reading →
Energy News Roundup: Oil by Rail Regulations, Compelling Crude Export Case and Will US Sanction Gazprom?
By Jared AndersonCrude oil transportation in the US ballooned to 1 million barrels per day in recent years as production swelled beyond existing pipeline infrastructure capacity. A series of explosive accidents involving crude oil train cars has sparked regulators to strengthen rules and safety measures governing these pipelines on wheels. “Tens of thousands of these older tank… Keep reading →
Energy News Roundup: Gazprom Raises Gas Price, Again and US Crude Exports’ Nominal Impact
By Jared AndersonRussia’s Gazprom twice increased natural gas prices charged to its Ukrainian counterpart last week. The initial increase was largely expected, as it represented the removal of a discount offered in conjunction with financial assistance – ie loans – from the Russian government. However, after violent protests led Ukraine’s Russian-leaning president to leave office, Russia rescinded… Keep reading →
Opinion: Approving Energy Exports Would Unlock Huge Economic Growth
By Margo ThorningThe Department of Energy recently approved an application from Alaska LNG to export natural gas. But there’s a catch: these exports can only go to nations where the United States has a free-trade agreement in place. Never mind the fact that the top markets for LNG are India, China, and Japan, where we don’t have… Keep reading →