Interesting analysis on energy independence in the Wall Street Journal by Columbia University’s Jason Bordoff, a former energy adviser to President Obama. It’s a good thing the United States isn’t energy independent, Bordoff writes. That’ll get your attention, right? As Bordoff explains, “energy independence” is a dusty concept from the 1970s and 80s, after policymakers made… Keep reading →
Credit investors who lent $11 billion to Chesapeake Energy Corp. are starting to give up on the company, the second-biggest junk-debt issuer in the U.S. energy industry. [Bloomberg] Mayor Bill de Blasio has set an ambitious goal of reducing greenhouse gas emissions by 80 percent by 2050 from curtailing the city’s waster from home heating.… Keep reading →
When the Energy Policy and Conservation Act was signed into law by President Gerald Ford in 1975, Ford said it would put the United States “solidly on the road to energy independence.” The legislation included a ban on most exports of domestically produced crude oil. For many, shutting in domestic oil production – effectively self-sanctioning… Keep reading →
WASHINGTON – The Energy Department announced today that it has issued a final authorization to Emera CNG, LLC (Emera) to export domestically produced compressed natural gas (CNG) to countries that do not have a Free Trade Agreement (FTA) with the United States. Emera is authorized to export CNG up to the equivalent of 0.008 billion… Keep reading →
The question Americans should be asking right now: Why is the Obama administration actively working to clear the way for Iran to resume trading its crude oil on the global market while it opposes legislation that would do the same for U.S. oil? It’s a great question for which the administration can offer no good… Keep reading →
Last week’s bipartisan U.S. House vote to end America’s 1970s-era ban on crude oil exports is stirring needed debate over U.S. energy and trade policy as the exports issue advances in Congress. Unfortunately, much of the conversation remains focused on the wrong things. For example, export opponents continue to say the United States shouldn’t export… Keep reading →
Signifying a historic shift in U.S. energy policy, the House of Representatives passed legislation on October 9 that would lift the nearly 40-year ban on crude oil exports by a vote of 261 to 159.
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 →
The impending end to the four-decade long Crude Oil Export Ban took on another layer of inevitability last week when the proposal passed through the House’s Energy and Commerce subcommittee on energy and power. These significant victories for supporters of lifting the ban bring the vote closer to the House floor where it will presumably… Keep reading →
The U.S. Energy Information Administration (EIA) reports that the average retail price for regular gasoline on Aug. 31 was $2.51 per gallon – the lowest price for the Monday before Labor Day since 2004 and 95 cents lower than the Monday before Labor Day last year. EIA’s chart: EIA explains: Declines in crude oil prices… Keep reading →
