Benchmark oil prices took a nose dive today, with both WTI and Brent shedding their recent gains. Prompt-month WTI dipped into $75 per barrel territory on a combination of weak economic outlooks and supply/demand fundamentals. The other big news impacting WTI was Saudi Aramco’s price cut to the crude oil grades it exports into the… Keep reading →
From oil and natural gas to renewable energy, like wind and solar, the energy sector continues to expand, creating good-paying American jobs and helping to grow the U.S. economy. Yet beyond traditional energy jobs, many Americans are contributing to the energy economy by helping the U.S. build a cleaner, safer energy future. Energy.gov’s #EnergyJobs series… Keep reading →
In a divided opinion, the Federal Energy Regulatory Commission has found that it does not have jurisdiction over facilities proposed by Emera CNG, LLC to compress natural gas for export to the Bahamas by ship.
Natural gas is an important fuel used globally for electric power generation, heating, and industry. Throughout most of the U.S., an abundant supply of natural gas means domestic pricing for gas is lower than overseas. This creates a potentially profitable opportunity to export natural gas from the U.S., if regulatory conditions allow.
In 1933, Milton Heath senior opened a small, family-run consulting firm to find leaks from natural gas pipelines by conducting vegetation surveys in New England Fields. More than 80 years later, the family business has grown substantially, and now the Texas-based company provides more than 1,200 manufacturing and service jobs across the country. Their business… Keep reading →
Pollution is one of the many environmental challenges facing the world today. The impact of pollution is more severe in developing countries, leading to ill health, death and disabilities of millions of people annually. Developed countries have the resources and technologies to combat pollution. As a result of the health risks and the potential impact… Keep reading →
Bank of America Chairman Charles Holliday speaking on behalf of the Global Commission on the Economy and Climate asked the audience at yesterday’s American Energy and Manufacturing Competitiveness Summit in Washington DC how many people anticipated the US shale gas production revolution 10 years ago. No one in the 500-plus crowd raised their hand. US… Keep reading →
It’s one thing to talk about energizing the U.S. economy, it’s another to walk the talk. America’s oil and natural gas industry is doing that, with four companies ranked in the top 10 of the Progressive Policy Institute’s list of leaders in U.S. capital spending in 2013. PPI’s top 25: As you can see, ExxonMobil ($11.07 billion),… Keep reading →
What does the term “fracking” mean to you? Chances are there are numerous answers to that question because the term has vaulted into US vernacular and political debates virtually overnight, along with the astonishing domestic oil and gas production increases to which hydraulic fracturing is directly related. Fracking is a fairly complex hydrocarbon well-completion technology… Keep reading →
Mexico is making sweeping changes to its regulatory structures with the goal of increasing economic growth from various sectors, including energy. And while oil sector reforms have received the most attention, strengthening electricity and natural gas infrastructure to boost manufacturing is a short-term priority. Investment from US companies and financial institutions is critical, but Mexico… Keep reading →
The leaders of Brazil, Russia, India, China and South Africa (known as the BRICS) recently met to launch a newly-created international fund called the New Development Bank (NDB). The BRICS represent roughly a fifth of the world economy and 40 percent of the global population. The NDB will have an initial capital pool of $50… Keep reading →
