Louisiana is an important energy-producing state – the country’s No. 2 crude oil producer at nearly 1.45 million barrels per day when federal offshore output is included. The state also is No. 2 in petroleum refining capacity. Energy development is boosting Louisiana’s economy. Oil and natural gas extraction, refining and the pipeline industries support 287,000 state… Keep reading →
Ever since the Keystone XL pipeline first started clearing environmental reviews by the U.S. State Department, opponents basically have been left with arguing that State missed one thing or another in an effort to drag out the federal review. Of course, the credibility of the tactic has suffered evaporation with each successful State review, now… Keep reading →
U.S. Trade Deficit Narrows in June – Thanks to Oil and Natural Gas Exports The Christian Science Monitor: WASHINGTON — An oil and gas boom helped drive the US trade deficit to a five-month low in June, according to federal data released Wednesday. Increased domestic energy production means Americans are buying less foreign oil and gas, and selling… Keep reading →
Members of the U.S. House and Senate are weighing in with Interior Secretary Sally Jewell on the administration’s new five-year oil and natural gas leasing program, and the message is fairly simple: open more of the outer continental shelf (OCS) for exploration and development. Interior has begun work on the new leasing program that will… Keep reading →
The quest to encourage better behavior from Russia continues. President Obama and the European Union this week announced new sanctions to protest Russia’s involvement in Ukraine, measures that focus on Russia’s energy, arms and finance sectors. The president: “Today … the United States is imposing new sanctions in key sectors of the Russian economy: energy,… Keep reading →
Elite Oil Fields Redefine Meaning of Crude’s ‘Big Three’ CNBC: Move over ExxonMobil, Chevron and ConocoPhillips—there’s a new “Big Three” in U.S. energy production. And they’re not companies. In a new update to its drilling productivity report from last week, the Energy Information Agency said North Dakota’s Bakken and Texas’ Permian Basin and Eagle Ford Shale are quietly generating… Keep reading →
Reading content produced by opponents of the oil and natural gas industry, you see a lot of distortion, misinformation, myth and falsehood. Yet, it would be hard to identify something as packed with baloney as the supporting arguments for an idea that’s being advanced by a pair of Chicago aldermen – mandating that all of… Keep reading →
Recent Improvements in Petroleum Trade Balance Mitigate U.S. Trade Deficit EIA Today in Energy: Since the mid-1970s, the United States has run a deficit in merchandise trade, meaning that payments for imports exceeded receipts for exports. This large and growing deficit on the merchandise trade balance reached a maximum of $883 billion in the second… Keep reading →
Charts and Maps of America’s Amazing Shale Oil Revolution AEI Carpe Diem Blog: Below are four charts and two maps that help tell the story of America’s Amazing Shale Oil Revolution: 1. The Big Three. Yesterday, the Department of Energy’s Energy Information Administration (EIA) updated its monthly “Drilling Productivity Report” with new estimates of oil production through August… Keep reading →
The Keystone XL Pipeline has been studied, and studied, and studied, in fact if the permit application were a person, it would have just graduated kindergarten. However, after nearly six years of studies which show positive benefits to our economy and energy security with no significant environmental impacts – politics are still trumping good policy.… Keep reading →
