Industries Are Critical of Proposed Stricter Ozone Standards The Hill: Business groups are waging war on the Obama administration’s proposal to reduce ozone pollution, arguing the regulations would cripple the U.S. economy. In order to comply with the proposed rule, many areas of the country would have to all but shut down land development and… Keep reading →
Two of the Environmental Protection Agency’s seven statements of purpose reference “best available scientific information” and “accurate information.” These also happen to be two things that many in Washington, D.C., feel that EPA is setting aside in the pursuit of political goals. Yesterday the agency released comments on the Keystone XL pipeline that gave plenty… Keep reading →
This morning began with rumors that Saudi King Abdullah bin Abdulaziz Al Saud had died, though it quickly became clear this was not the case. However, King Abdullah has been in poor health for years and is currently hospitalized undergoing treatment for pneumonia. The Saudi Press Agency (English version) confirmed that King Abdullah was still… Keep reading →
Breaking Energy recently caught up with Dawn Constantin, Head of Partnerships & Analytics at BP North America Gas & Power, to find out about her role as an oil & gas trading strategist, and her career progression through such a fast-paced, high-intensity operation. BE: Can you describe your current role, responsibilities and what you’re currently… Keep reading →
U.S. stocks declined on Tuesday, a day after benchmarks rose to records, as the price of oil slid to a three-year low, intensifying concerns about a slowing global economy. “There are three things we’re struggling with today: a lower assessment of the European economy, it’s down from where they were six months ago; the sufficiently… Keep reading →
The downward trend in global oil prices that garnered so much attention – and hyperbole – over the past couple of weeks also revived interest in the US crude oil export conversation. The million dollar question with regard to US oil exports is how additional volumes of US crude on the global market would impact… Keep reading →
Renewable energy sources grew significantly last year according to the BP Statistical Review of World Energy 2014, a widely-accepted energy data source, but coal use plugged along with global coal consumption as a share of total global energy consumption at its highest level since 1970. “Demand from renewable energy sources, including wind and solar, rose… Keep reading →
National Geographic says shrinking sea ice is causing the largest redrawing of its global atlas since the breakup of the Soviet Union. “Ice loss is accelerated in the Arctic because of a phenomenon known as the feedback loop: Thin ice is less reflective than thick ice, allowing more sunlight to be absorbed by the ocean,… Keep reading →
The US oil market has been moving on cold weather and the Keystone Pipeline’s southern leg activation, which is alleviating the glut of crude at the Cushing, Oklahoma storage hub. While most of the attention has been on whether President Obama will green light the northern portion of the pipeline, the southern portion was constructed… Keep reading →
This piece argues the US should not export crude oil and instead moderate production volumes in an effort to preserve the country’s natural resource endowment over the longer term. It also contends exports would increase domestic crude and product prices. “The real question for the United States is not about optimal trade policy or economic… Keep reading →
