Here’s the first of a series of posts sparked by speeches and presentations at this week’s U.S. Energy Information Administration (EIA) energy conference. U.S. Energy Secretary Ernest Moniz set the tone for EIA’s event, noting that the U.S. faces a set of energy challenges, vulnerabilities and opportunities. At the heart of the discussion: America’s energy… Keep reading →
A staggering C$1.149 billion ($958 million) – that’s how much money developers had offered the Lax Kw’alaams Band, a First Nation community of 3,600 on British Columbia’s northwest coast, for clearance to build a liquefied natural gas terminal in their territory. They said no. “Hopefully, the public will recognize that unanimous consensus in communities (and… 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 →
STATEMENT FROM SECRETARY MONIZ ON THE NATIONAL SECURITY STRATEGY U.S. Energy Secretary Ernest Moniz made the following statement regarding the National Security Strategy (NSS) announced on Friday (February 6th): “The vision that President Obama laid out in the latest National Security Strategy positions the United States to be a continued global leader in promoting a safe and secure world… Keep reading →
Who Will Rule the Oil Market? The New York Times (Daniel Yergin): A historic change of roles is at the heart of the clamor and turmoil over the collapse of oil prices, which have plummeted by 50 percent since September. For decades, Saudi Arabia, backed by the Persian Gulf emirates, was described as the “swing producer.” With… 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 →
Saudi Arabia Can’t Stop U.S. Fracking Boom National Journal: World oil producers have put oil prices into a free fall, refusing to pare back global supplies in the hopes that low prices will derail the fracking-backed production boom in the U.S. and preserve OPEC’s power over world energy markets. But global analysts are skeptical that the… Keep reading →
U.S. Energy Exports to Top Imports by 2025, WoodMac Says Bloomberg: U.S. companies will export more energy than they import by 2025 as shale oil and gas production keeps climbing and the transportation sector becomes more efficient, Wood Mackenzie Ltd. said in a note today. Horizontal drilling and hydraulic fracturing in hydrocarbon-rich layers of shale rock… Keep reading →
Will America Take Advantage of Its Natural Gas Opportunity? Washington Examiner op-ed (Karen Harbert): America’s economic recovery is being fueled by energy. Increased natural gas production is at the center of our energy revolution, creating new opportunities at home and abroad. Not long ago, conventional wisdom was that America’s natural gas production would decline over… Keep reading →
