Heavy Crude

Without Exports, US Could Face Oil Supply Glut in 2015

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Endangered Blue Whales Spotted Off California Coast

Rising oil output in the US has already begun to alter the traditional price relationship between US and international crudes, and continued production growth could lead to a domestic glut of certain grades, adding to pressure to lift restrictions on crude exports. The stunning turnaround in the US’ oil fortunes has made plenty of headlines,… Keep reading →

 /  Published December 17, 2013 at 12:00 PM

The US’s Absurd Oil & Gas Export Laws

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Louisiana Oil Industry Recovers From Katrina Devastation

United States law prohibits exports of crude oil and condensate except under certain conditions, while exports of refined products and natural gas are far less restricted. While these laws had little impact when the country was in a position of oil and gas scarcity, the country’s newfound energy abundance has rendered some of them obsolete,… Keep reading →

 /  Published November 20, 2013 at 2:00 PM