The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

analysis  oil-and-natural-gas-development  gasoline-price-factors  crude-markets  federal-leases  permitting  hydraulic-fracturing 

Mark Green

Mark Green
Posted May 21, 2015

Consumers have felt some of the fruits of America’s energy revolution, API Chief Economist John Felmy told reporters in a pre-Memorial Day conference call

Felmy noted that drivers are paying about $1 less per gallon of gasoline on average nationwide than they did at this time a year ago, according to AAA. He said that thanks to advanced hydraulic fracturing and horizontal drilling, the U.S. energy resurgence has offset production declines in other parts of the world, which has resulted in a more stable global market for crude oil – and relief at the gas pump. He added that the U.S. energy picture currently is characterized by strong domestic supply, moderate demand, increasingly efficient production and a refining sector that’s turning out record amounts of gasoline.

Felmy said the right energy choices by our country’s leaders can help continue the energy revolution.

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crude-oil  energy-exports  gasoline-price-factors  domestic-oil-production 

Mark Green

Mark Green
Posted September 19, 2014

A couple of recent polls indicate many Americans are concerned that lifting the 1970s ban on crude oil exports could increase prices at the pump. A couple of thoughts.

First, it’s likely these opinions stem from an idea that restricting domestic crude oil output to the boundaries of the United States will favorably impact domestic pump prices. Yet, because crude oil is traded globally, the world market sets the cost of crude, which then is the chief factor in prices at the pump.

Second, the strong weight of new scholarship and analysis say that allowing exports of domestic crude will lower pump prices in this country – while also boosting economic growth, employment and wages and improving our balance of trade.

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crude-oil  crude-oil-prices  gasoline-prices  prices  rhetoric-vs-reality  gasoline-price-factors 

Jane Van Ryan

Jane Van Ryan
Posted April 7, 2010

Crude oil prices stood at $86.84 per barrel when the market closed yesterday, marking their highest level since October 2008.

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