Biomethane is a drop in the ocean of fuel used in the U.S. shipping industry now, but its prospects improved a bit on Tuesday with the announcement of an agreement by UPS to buy “renewable natural gas” (RNG) from Clean Energy Fuels, the natural-gas-for-transport company co-founded by T. Boone Pickens. UPS said that beginning this month, tractors and delivery… Keep reading →
State-controlled Saudi Aramco adjusted its official crude oil selling prices in response to changing oil market dynamics. The company left Arab Light prices unchanged for Asian customers, while it increased prices for destinations in Europe and the US where demand appears to be picking up. The summer cooling season in Saudi Arabia is expected to… Keep reading →
A new documentary called Pump seeking to promote alternative fuels in the US takes aim at the existing downstream oil products complex and suggests change is afoot. The movie is due out in September and today Submarine Deluxe, in association with Fuel Freedom Foundation and iDeal Film Partners released the trailer that can be viewed… Keep reading →
In yesterday’s Senate Energy and Natural Resources Committee testimony, EIA Administrator Adam Sieminski said US natural gas looks poised for significant export growth over the next 25 years – via both pipeline and LNG – but numerous indigenous and exogenous factors could alter that outlook. The answer to the hearing’s question-phrased title – “Importing Energy, Exporting… Keep reading →
When you’re talking about trends, it’s usually the major cities in the U.S. that create them. From there, the smaller towns around the major city adopt the trend and it continues to spread onward. The green movement has done just that, with cities being the first to implement recycling programs and finding sustainable solutions to… Keep reading →
We saw an interesting evolution of Barack Obama as an energy president on display last night in his fifth official State of the Union address. You might say the president got real. He was more emphatic than ever about the reality of climate change. He let his affection for natural gas blossom into a full-fledged love… Keep reading →
Leave it to good old T. Boone Pickens to compare frog boiling with the US-Opec strategic relationship. Pickens today posted a piece on LinkedIn promoting his ‘Pickens Plan’ – a multi-pronged approach to eliminating US oil imports – that harkened back to President Nixon’s promise of US energy independence. In 1973, President Nixon said: “Let… Keep reading →
The Saudis are unhappy with several recent US foreign policy decisions in the Middle East and North Africa, and some fear cooler relations with Riyadh would weaken the US’ regional footing. Secretary of State John Kerry has been meeting with Prince Saud al-Faisal in London and Paris over the past few days trying to iron… Keep reading →
Rosneft and CNPC signed a memorandum of understanding covering joint development of Eastern Siberian oil and gas resources. The Kremlin has been reluctant to supply its increasingly powerful neighbor for years and the two sides have continuously haggled over natural gas prices, but as Europe increasingly seeks to reduce its Russian energy reliance and large… Keep reading →
Small-scale, domestically produced LNG has the opportunity to capture at least a share of an 8 trillion cubic foot a year market, but risks to adoption could hamper investment by both potential suppliers and end-users. Much of the discussion about liquefaction of domestically produced US gas has revolved around the potential for large-scale projects for… Keep reading →
