Crude Oil Exports

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

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 →

oil tanker and storage

The 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 →

As Default Deadline Nears, Congress Continues Debate Debt Ceiling Plan

Insight 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 →

Louisiana Oil Industry Recovers From Katrina Devastation

On December 30, 2014, the U.S. Department of Commerce’s Bureau of Industry and Security (“BIS”) issued answers to six FAQs regarding the longstanding U.S. crude export oil ban. In these FAQs, BIS stated that lease condensate that has been processed through a crude oil distillation tower is not considered “crude oil.”

Battle Looms For Coastal Wetland In Southern California

2014 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 →

U.S. Trade Deficit Reaches All-Time High

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 →

Hamburg Aerial Views

The 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 →

Oil Price Rise Sees Increase in Suez Canal Traffic

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 →

High Gas Prices Prompt Bush's Decision To Lift Ban On Offshore Oil Drilling

Crude 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 →

Louisiana Oil Industry Recovers From Katrina Devastation

Russia’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 →

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