The strategic Gulf island on the frontline against Iran faces formidable financial and diplomatic challenges, made more complicated by looming parliamentary elections. The smallest Persian Gulf country is in the throes of big economic problems. A growing debt burden means it needs foreign exchange to avoid a currency devaluation. Its wealthy neighbors—Saudi Arabia, Kuwait, and… Keep reading →
Recently, we discussed how natural gas and oil production and energy exports were major contributors to robust second-quarter growth by the U.S. economy – by themselves generating nearly half of the increase in U.S. real exports in Q2. Yet, there’s concern that escalating U.S. trade restrictions and looming disputes could threaten global trade and economic growth. We’ve… Keep reading →
As the regime’s strategy for countering the Trump administration continues to falter, will its traditional two-step of provocation and restraint give way to wider escalation? On May 23, in his Ramadan “Tom and Jerry” speech, Supreme Leader Ali Khamenei made a list of demands on Europe to keep Iran in the nuclear deal. Two months later,… Keep reading →
U.S. Energy Secretary Rick Perry makes a number of important points about domestic natural gas and oil production, hydraulic fracturing and U.S. energy exports in a piece for CNBC: The United States is shedding dependence on imported energy. U.S. energy exports are helping friends and allies overseas. Natural gas is helping the U.S. lead in cutting… Keep reading →
The U.S. gross domestic product (GDP) increased 4.1 percent in the second quarter at a seasonally-adjusted annualized rate, its best pace since 2014, driven by strong consumer and business spending as well as a surge in exports ahead of retaliatory tariffs from China. As the energy renaissance has continued to raise U.S. natural gas and oil production… Keep reading →
America’s oil and gas production is booming of late, with the U.S. poised to become the world’s largest exporter of crude oil
Big news in the latest API Monthly Statistical Report: U.S. crude oil production rose to an all-time record of 10.7 million barrels per day (mbd) in June – the largest monthly output, ever. Below, the U.S. Energy Information Administration’s chart showing U.S. oil production since the era of Col. Edwin Drake, with annual output peaking at 9.637… Keep reading →
A recent trend in the upstream and midstream oil and gas industry is for midstream services providers to offer certain forms of additional compensation to oil and gas lessees
Tariffs and quotas on imported steel imposed by the Trump administration are self-inflicted potholes on the path to the administration’s goal of U.S. “energy dominance.” They’re bad for American energy, which uses steel throughout its operations and delivery networks. They’re bad for American manufacturing, they’re bad for American consumers, and they’re bad for America. We’ve… Keep reading →
The EPA has formally announced that new regulation is not needed to limit spills of toxic waste into waterways
