Category: ‘ Energy Supply ’

 

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...

China Seeks to Replicate Shale Boom in Quest for Natural Gas

Here in the United States, oil and gas extraction via hydraulic fracturing remains somewhat controversial from an environmental perspective. But right now, China is hoping that a shale gas revolution will bring significant environ...

Hurricanes Pose Continued Threat to Gulf of Mexico Fuel Production

As summer heats up, more Americans spend time venturing into the great outdoors. So many, in fact, that 41 million people traveled 50 miles or more during the Fourth of July holiday, a 2 percent increase over last year. As vacatio...

DOT Buckles Down on Crude by Rail

Today, the Department of Transportation (DOT) issued long-awaited proposed rules to improve the transportation of various materials including crude oil, ethanol, and other hazardous materials. In making the announcement, Transport...
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