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 →
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 →
With Wall Street Journal headlines such as “Trans-Atlantic Oil-Price Spread Soars as Supply Glut Disappears,” it might be hard to remember that the United States’ domestic oil production stood at a record 10.5 million barrels per day (mb/d) in April, and the nation’s petroleum trade balance is in its best position in 50 years. This has reinforced… Keep reading →
By now you may have seen our new ad, “Air Up Here,” highlighting the role natural gas has played in helping to lower U.S. carbon dioxide emissions to their lowest levels in nearly 25 years. While the ad focuses on how the industry is helping reduce greenhouse gases in our air, you may not realize that every… Keep reading →
Builders and manufacturers who rely on imported steel as a major input may want to rethink their procurement strategy in light of an executive domestic preference decree issued.
RIYADH, SAUDI ARABIA— U.S. Secretary of Energy Rick Perry was received by H.E. Khalid Al Falih, Saudi Minister of Energy, Industry, and Mineral Resources, during his visit to the Kingdom of Saudi Arabia. The two parties discussed means to enhance the relations between the two countries in the energy fields, including cooperation opportunities in clean energy. In… Keep reading →
Congress recently introduced two pieces of legislation that could significantly change foreign direct investment review in the United States.
According to EIA, the share of imports in U.S. energy consumption for the first half of 2014 reached the lowest level in 29 years. On October 10, 2014, the Energy Information Administration (EIA) released a report showing that net U.S. energy imports as a share of consumption for the January-June 2014 period reached the lowest… 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 →
Not much time has passed since Yoichi Masuzoe, backed by Japan’s ruling Liberal Democratic Party, won Tokyo’s gubernatorial election in January 2014 against two candidates who were running on the promise to phase out nuclear power. In his victory speech he uttered: “The Fukushima disaster has left me without words, but reducing our dependence on… Keep reading →
