Abundant, affordable natural gas is providing significant benefits to American consumers. That’s the takeaway from a couple of new U.S. Energy Information Administration (EIA) reports. First, EIA says U.S. natural gas prices last year were at their lowest level in nearly two decades: Here we see natural gas spot prices in 2016 averaged $2.49 per… Keep reading →
In last week’s post, we discussed the rapid development of the hydraulic fracturing industry in the United States, and some of the innate risks presented by those operations.
With a new administration and Congress arriving in Washington, we’ll be watching to see how American energy’s next chapter unfolds – the policy choices and actions that largely will determine the path for our country’s energy future in terms of resource access, infrastructure and other issues. American Petroleum Institute President and CEO Jack Gerard will… Keep reading →
Imagine a mother reading a story to her child. They’re snuggled up in a chair, the soft lamplight illuminating their storybook as a cold winter wind blows outside the window. It’s a scene we often take for granted – a book, the light to read it by and a warm, comfortable home – yet all… Keep reading →
President Obama, in an interview with a North Dakota television station, explaining why he continues to delay the Keystone XL pipeline: “Part of the reason North Dakota has done so well is because we’ve very much been promoting domestic U.S. energy use. I’ve already said I’m happy to look at increasing pipeline production for U.S. oil.… Keep reading →
Natural Gas Inventory Exceeds Five-Year Average for First Time Since Nov. 2013 EIA Today in Energy: Working natural gas in storage has surpassed five-year average levels for the first time in more than a year. At 2,157 billion cubic feet (Bcf) as of February 13, stocks are 58 Bcf greater than the five-year average. Recent… Keep reading →
Shale Gas and Tight Oil are Commercially Produced in Just Four Countries EIA Today in Energy: The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The… Keep reading →
A new University of Michigan study has revealed that the average American consumer factors personal concern, primarily income, into their attitudes about energy. “Americans are just as concerned about energy’s impact on the environment as they are about its affordability, according to first-year results of the University of Michigan Energy Survey. Consumers also express much… Keep reading →
Oil Output Seen Rising, despite fall in Its Price NY Times: Even with oil prices continuing to plummet and oil companies decommissioning drilling rigs every day, the Energy Department on Tuesday projected that domestic crude production would continue to rise in 2015, although growth would slow. The forecast of even more American supplies on an… Keep reading →
Is It Time for the U.S. to Lift Its Restrictions on Oil Exports? Wall Street Journal (Jason Bordoff): It’s a whole new oil world for the U.S. After decades of declining domestic oil production, the country is in the middle of an unexpected boom. Driven by new technology that reaches previously inaccessible reserves, production has soared… Keep reading →
