Solid bipartisan support for important energy legislation is on display in the U.S. Senate, with members of a key committee considering a number of ways to increase access to domestic supplies of oil and natural gas – as well as bills ending 1970s-era restrictions on U.S. crude oil exports. Energy security is about having secure,… Keep reading →
Shale-Oil Producers Ready to Raise Production Wall Street Journal: After slashing production for months, U.S. shale-oil companies say they are ready to bring rigs back into service, setting up the first big test of their ability to quickly react to rising crude prices. Last week, EOG Resources Inc. EOG, -0.08% said it would ramp up… Keep reading →
API President and CEO Jack Gerard joined members of Congress and others at a Capitol Hill press conference calling for an end to the United States’ 1970s-era ban on the export of domestic crude oil. Gerard: “We’ve come to the point where we have a limitation on our ability to continue to grow this renaissance,… Keep reading →
Following on this week’s post on increased domestic energy production that is backing out imports, we see that the U.S. remained No. 1 in the world in the production of petroleum and natural gas hydrocarbons last year, according to the U.S. Energy Information Administration (EIA). The government agency responsible for quantifying all things energy says that… Keep reading →
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 →
2015 Oil Prices: U.S. to Emerge as Dominant Player Business Day: For years, Organisation of Petroleum Exporting Countries (OPEC) pulled the strings set the price of oil and controlled the supply. After dictating the course of oil prices for more than 50 years, OPEC is finding its influence diminished. Right now, OPEC represents about 40… Keep reading →
In the U.S., a Turning Point in the Flow of Oil New York Times: HOUSTON — The Singapore-flagged tanker BW Zambesi set sail with little fanfare from the port of Galveston, Tex., on July 30, loaded with crude oil destined for South Korea. But though it left inauspiciously, the ship’s launch was another critical turning point… Keep reading →
We’ve posted a number of times on the merits of U.S. energy exports, because whether the subject is exporting crude oil or natural gas, there are compelling economic and energy reasons to lift restrictions on America’s ability to be a major player in global markets. While those restrictions remain, America and Americans lose. A number… Keep reading →
While the domestic economic impacts associated with exporting US crude oil continue to be debated, other parts of the world analyze various ways in which increased US oil and gas exports could impact global, regional and local economies. Experts discussed this issue this morning in New York at the 37th annual International Association for Energy… Keep reading →
Although the US does not yet export crude oil or LNG from the lower 48, the oil and gas production boom that exploded onto the scene in the past few years is having knock-on effects in other countries. So which ones benefit and which are getting left behind? Industry experts discussed the geopolitical implications associated… Keep reading →
