Economic Benefits

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In the City of Boulder, Colorado, a newly upgraded hydropower facility is generating clean, renewable electricity for thousands of area residents and businesses. Originally built in 1910, the completely modernized Boulder Canyon Hydroelectric Facility will provide 583,000-megawatt hours of renewable energy — enough to power about 1,000 homes each year. To optimize performance at Boulder Canyon, two… Keep reading →

Crude Oil Carrier Hijacked By Somali Pirates

So here we are: Legislation that would end America’s 40-year-old ban on the export of domestic crude oil is moving through Congress – and better, there’s bipartisan momentum behind it. Resistance to lifting the crude exports ban has no credible footholds – reflecting the breadth of the economic analysis supporting exports. There’s also the realization… Keep reading →

Surging Oil Industry Brings Opportunity To Rural California

More about last week’s Commerce Department decision to allow U.S. crude oil swaps with Mexico – basically, a positive step in the direction of lifting America’s 1970s-era ban on exporting domestic crude. An analysis by the U.S. Energy Information Administration (EIA) says the exchange of light U.S. oil for heavier Mexican oil will generate economic… Keep reading →

Louisiana Oil Industry Recovers From Katrina Devastation

The compelling case for lifting America’s decades-old ban on exporting domestic crude oil is multi-faceted: Economic – NERA Economic Consulting estimated that lifting the ban could add $200 billion to $1.8 trillion to the U.S. economy between now and 2039. Consumers – A variety of studies indicate that lifting the ban could lower prices at… Keep reading →

Northeast Debates Benefits And Dangers Of Hydrofracking

OK, so EPA says safe hydraulic fracturing isn’t a threat to the nation’s drinking water. That’s great news for America’s energy revolution, which is being driven by advanced fracking and horizontal drilling. Without them there’s no revolution and certainly fewer jobs and less economic opportunity. Thanks, EPA, for following the science and recognizing – as… Keep reading →

Senate Republicans Mark Anniversary Of Plan For Keystone XL Pipeline

Vice President Joe Biden underscored the administration’s call for infrastructure spending during a Bloomberg Government event that focused on the country’s deteriorating delivery and transportation systems. Some highlights: The Washington politics of infrastructure spending is challenging. “The idea that there is a debate on the Hill on the need to invest in infrastructure is mind… Keep reading →

Domestic Oil And Gas Production

API President and CEO Jack Gerard joined members of Congress and others at a Capitol Hill press conference calling for an end to the United States’ 1970s-era ban on the export of domestic crude oil. Gerard: “We’ve come to the point where we have a limitation on our ability to continue to grow this renaissance,… Keep reading →

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Following on this week’s post on increased domestic energy production that is backing out imports, we see that the U.S. remained No. 1 in the world in the production of petroleum and natural gas hydrocarbons last year, according to the U.S. Energy Information Administration (EIA). The government agency responsible for quantifying all things energy says that… Keep reading →

Two U.S. Navy Vessels Collide

News that the Interior Department has reaffirmed Shell’s right to drill in the Chukchi Sea off the Alaskan coast is an important step toward to Arctic energy development. While the company still must secure individual drilling permits and overall federal approval of its exploration plan, this week’s action advances the larger objective of safe and… Keep reading →

Tanker Carries Shipment Of Post War Oil From Iraq

Add the heft of Rice University’s respected Center for Energy Studies to the weight of scholarly analysis urging an end to America’s four-decades-old ban on domestic crude oil exports. In a new study, the center lays out a case for U.S. crude oil exports that builds on the findings of IHS, ICF, Brookings, the Aspen… Keep reading →

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