Category: ‘ Energy Supply ’

 

Could a refinery strike cause a gasoline price spike?

Three of the largest U.S. oil refineries went offline this week in the wake of a month-long labor dispute—the longest in over 35 years. More than 6,500 United Steelworkers Union (USW) members, representing 15 refineries, have ...

SAFE Releases Latest Energy Security Fact Pack

Today, SAFE released its fourth quarter update to the Energy Security Fact Pack, a powerful repository of the most recent trends affecting American energy security and the global oil market today. This update examines current oil ...

Lessons from Venezuela’s Dangerous Slide

Venezuela is a petroleum giant. In addition to holding the world’s largest proven oil reserves, it is the second-largest net oil exporter in the Western Hemisphere (behind only Russia, who straddles both hemispheres) and a major...

What’s at Risk from Low Oil Prices?

Earlier this week, prices for West Texas Intermediate crude dipped below $60 per barrel, dipping past what many perceived as a line in the sand. Oil prices in the $50 range are nearly a 50 percent decline from their peak early thi...

The Need-to-Know on Last Week’s OPEC Meeting

Just when the oil price slide appeared to have stalled, OPEC’s decision last Thursday to leave its production quota unchanged caused Brent Crude futures to collapse 8 percent that day, and fall from $76 on Thursday morning to ...

Energy and the Election

Today is midterm Election Day, and according to a survey conducted by various energy and environmental groups in five swing states, energy ranks fourth (after reproductive rights, employment, and healthcare) among issues most impo...

Report Warns of Capex Crisis for Oil Majors

Crude oil prices tumbled this month on the heels of historically high U.S. oil production and a downwardly revised global energy demand outlook. The conventional economic wisdom is that the market requires high oil prices for inte...

Oil and Water

When most people think of oil production, they imagine a gush of crude oil emerging uninterrupted from the ground. While this scenario is occasionally true when conventional oil fields are first drilled, it rarely lasts for long...

Latin America, Heavy Crude, and Resource Nationalism

Mexico nationalized its oil industry in 1938, expropriating foreign assets and forming a decisive monopoly around exploration, production, refining, and distribution. In 1975, Venezuela did the same thing while retaining the r...

Harsh Arctic Conditions Test Industry’s Capabilities

Federal regulators this week received Royal Dutch Shell’s application to bore an exploratory well in the Arctic waters of the Chukchi Sea. Although the company has not made any final decisions, the application, filed with th...
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