There have been lots of recent headlines about how much money the governments of oil exporting nations will lose as a result of declining oil prices. But these countries will really just earn less money than they would from selling their product at a higher price. The price of oil has never been static and… Keep reading →
With a little less than a year to go until the 2014 mid-term elections, Congress has a number of big decisions looming. Here is a quick look into where we are today, and what we see in front of us over the next year. Post-Shutdown Status On October 16th, the Federal government shutdown came to… Keep reading →
Falling crude oil output in Alaska is complicating operation of the Trans-Alaska Pipeline System from the North Slope to Valdez, and the high costs facing producers is the biggest challenge to reversing the trend, according to Tom Barrett, US Coast Guard Admiral (Ret.) and President of Alyeska Pipeline Service Company. The 800-mile TAPS pipeline “was brilliantly… Keep reading →
