Politics

Is “backwardation” the answer to price war between OPEC, US shale producers?

Is “backwardation” the answer to price war between OPEC, US shale producers?

OPEC searching for strategy that raises oil prices without igniting another American shale boom By John Kemp “Backwardation is the solution” to OPEC’s problem of how to raise output and revenues without sparking another shale boom, according to the influential oil research team at Goldman Sachs. Backwardation would allow low-cost oil producers in OPEC to […]

What you need to know about so-called kids’ anti-fracking lawsuit

What you need to know about so-called kids’ anti-fracking lawsuit

Attorneys arguing the case are the same attorneys used by big national green groups by Katie Brown, PhD, EnergyInDepth Colo. Gov. John Hickenlooper (D) has until tomorrow to decide whether or not to appeal a March 2-1 court decision that would change how the state’s oil and gas regulatory agency has reviewed drilling projects for […]

Two Republican governors urge Perry to keep US in Paris accord

Two Republican governors urge Perry to keep US in Paris accord

Nearly 200 countries signed 2015 Paris accord The United States staying in the Paris accord would demonstrate the leadership required to help states reduce their carbon emissions, was the message two Republican governors sent to US Energy Secretary Rick Perry on Wednesday. Vermont Governor Philip Scott and Massachusetts Governor Charlie Baker urged Perry to ensure […]

How much extra are you willing to pay to speed up the Energy Transition?

How much extra are you willing to pay to speed up the Energy Transition?

Consumer behaviour is complex and often contradictory By Barry Rueger Dear Reader, here is my question for you: how much extra are you willing to pay to speed up the Energy Transition? How much risk are you willing to assume? This is not at all a simple question. Would we be likely to retrofit our current […]

Democratic Senators target Carl Icahn biofuel credit activities

Democratic Senators target Carl Icahn biofuel credit activities

Carl Icahn proposed change to US biofuels program in February Eight Democratic Senators, including Elizabeth Warren, have requested that US regulators launch an investigation into the activities of Carl Icahn in the US biofuels blending credit market, according to a report by Reuters. The senators say Icahn may have violated securities trading laws since becoming an […]

OPEC signals cuts extension, oil traders ponder response: Kemp

OPEC signals cuts extension, oil traders ponder response: Kemp

Some analysts concluded even a 6 month extension would not be enough to bring stock levels down By John Kemp  Saudi Arabia’s energy minister has indicated OPEC will extend its current production cuts for at least another six months to the end of 2017 and maybe further. “Based on consultations that I’ve had with participating […]

States will lead next energy revolution – Commissioner Wayne Christian

States will lead next energy revolution – Commissioner Wayne Christian

By Texas Railroad Commissioner Wayne Christian Texas is on the verge of a new energy revolution. The potential for job creation, economic prosperity and investment in our energy sector is almost limitless. Key to ensuring it stays that way is reducing or removing regulatory roadblocks to energy exploration and production, without compromising public or environmental […]

New EPA study indicates agency exaggerating methane emissions

New EPA study indicates agency exaggerating methane emissions

Reported methane emissions from pneumatic controllers more than doubled in 2016 Ry Seth Whitehead, EnergyInDepth A new U.S. Environmental Protection Agency (EPA) study released last week indicates the agency may be greatly exaggerating oil and natural gas system methane emissions. By using a combination of extractive air sampling and remote optical gas imaging (OGI) tools […]

Shale production flourishes, New York landowners beg for Federal intervention

Shale production flourishes, New York landowners beg for Federal intervention

U.S. Chamber’s Institute for 21st Energy released report that showed how devastating these decisions can be on New York By Nicole Jacobs, EnergyInDepth There was great news in the northeast this week, as the Energy Information Administration (EIA) announced that Ohio and Pennsylvania increased their natural gas production in 2016 by about 1.2 billion cubic […]

American oil in the global economy: markets, policy, and politics

American oil in the global economy: markets, policy, and politics

US has 50% of global refining capacity and produces 56% of global oil products By Sarah Ladislaw, Adam Sieminski, Frank Verrastro, Andrew Stanley The rapid rise in unconventional oil output in the early part of this decade returned the United States to a prominent position as a major oil supplier. Over the course of the past […]