Crude oil inventories at Cushing, Okla. are 23M barrels above 5-year average as of Jan. 29 High inventory levels of crude oil have played their part in pushing oil prices to their lowest levels in 13 years, according to the US Energy Information Administration. Other factors that have played a part in pushing US crude oil
High inventories help push crude oil prices to lowest levels in 13 years Read More »
“On his way out of office, President Obama has now proposed making the United States less competitive.” Last week, President Barack Obama dropped a bomb on the American oil industry by proposing a $10 tax on every barrel of production. This week, industry supporters are firing back. Obama on Tuesday plans to send to Congress the
Obama oil tax proposal “dead on arrival” – Ryan Read More »
A person on trial for murder doesn’t need to be convicted with a video with them pulling the trigger. But can you see Obama pulling the trigger after looking at the evidence? You be judge. Nobody on earth can say 100%, Obama deliberately sabotaged the Canadian oil industry to advance his own countries interests, or
Is Obama purposely trying to kill the Canadian oil industry? Read More »
For both utility-scale solar PV and solar thermal, California has more capacity than the rest of the country combined, with 52% and 73% of the nation’s total, respectively The United States has slightly more than 20,000 megawatts (MW) of solar generating capacity, which includes utility-scale solar photovoltaic (PV) and solar thermal installations, as well as
California has nearly half of the nation’s solar electricity generating capacity Read More »
Recommended Practice 1170 specifically outlines how to safely design, store, and operate natural gas in salt caverns The Pipeline and Hazardous Materials Safety Administration’s (PHMSA) released a natural gas storage safety advisory modeled after industry’s best practices on Tuesday. “Safety is our industry’s core value and we are committed to zero incidents,” said API Midstream Group Director
Industry releases safety advisory to enhance safety of natural gas storage Read More »
Over next decade energy industry expects to lose half of its workforce to retire Today, U.S. Senate Committee on Veterans’ Affairs Member Joe Manchin (D-WV) joined the American Petroleum Institute (API) to officially launch the Veterans Energy Pipeline – www.veteransenergypipeline.com – a new web based tool that will help connect current members of the armed forces and
API launches tool to connect veterans with energy industry jobs Read More »
In 2016 utility-scale renewables (wind at 5.2%, solar at 0.8%) will account for 14% of total electricity generated in USA Electricity generated from utility-scale renewable plants is expected to grow by 9 per cent in 2016, based on projections in the latest Short-Term Energy Outlook, according to the US Energy Information Administration. Much of the growth
Renewable electricity generation expected to grow 9% in 2016 Read More »
Terminals are located in Midwest, Northeast, Southeast and on West Coast Kinder Morgan, Inc. announced Tuesday that it has closed its previously announced plan to acquire 15 refined products terminals from BP Products North America Inc. in a transaction valued at approximately $350 million. The company said in a press release that the terminals are “key
Kinder Morgan buys 15 American terminals, infrastructure from BP Read More »
Scientists say natural gas significantly better for climate than coal if methane emissions are kept under 3.2% In the wake of the Department of the Interior announcing proposed methane regulations on oil and gas production on federal lands, there has been a barrage of activity this week from anti-fracking groups and some elected officials who are taking
As GHGs plummet, ban-fracking groups and elected officials peddle misinformation Read More »
Large E&Ps hedged just 6% of oil production at $53.85/b, 16% of gas at $3.58 per MCF, making them most exposed of US peer groups As oil prices continue to decline, North American exploration and production companies have hedged just 15 per cent of their total production volumes for 2016, including 14 per cent of
American oil/gas producers face difficult 2016 as hedging protections end Read More »
