Posted October 18, 2013
Amid Oil Boom, Petroleum Exports Surge
National Journal: RICHMOND, Calif. – It takes about a month for oil to arrive from the Middle East to a refinery here on the edge of the San Francisco Bay. On a clear day, you can see the Golden Gate Bridge in the distance from the refinery's pier, but you will probably notice first and foremost the massive tankers docked and unloading oil into a web of pipes.
About 60 percent of the oil processed by this refinery, owned and operated by Chevron, comes from the Middle East. Most of the rest comes from Alaska, also by tanker. But the oil coming in is not as interesting as what is going out. Many companies are beginning to turn around and export the refined gasoline, diesel, and jet fuel.
"As the economy has taken a hit, as vehicle efficiency standards have lowered the demand for fuel, California refineries in aggregate can now produce more than the local demand and therefore products are beginning to be exported," said Dave Reeves, president of global supply and trading at Chevron.
Read more: http://bit.ly/H1RtaF
Posted October 1, 2013
Jobs, U.S. energy security and regulation are leading the discussion at the North American Gas Forum (NAGF) this week in Washington. The NAGF is a gathering of regional natural gas industry members -- primarily focused on issues that affect the distribution and use of natural gas domestically and globally. Highlights from the two-day meeting:
- Because of vast shale reserves, the U.S. has a chance to be more secure in the future through safe, reliable supplies of North American energy.
ICF International's Kevin Petak predicted the Marcellus Shale Play will become a "juggernaut," producing more than 20 million cubic feet of natural gas per day by 2035. The U.S. Energy Information Administration's Howard Gruenspecht said U.S. natural gas production is expected to outpace domestic consumption and that the U.S. could become a net exporter by 2040.
Posted July 26, 2013
Richmond Times-Dispatch – White House Would Tax Away Virginia’s Energy Future
Policy that enables the oil and natural gas industry to produce more would have a far greater impact on state and federal coffers than would any partisan policy that hinders the industry with higher taxes, notes Jack Refuse in a guest opinion piece.
Posted June 18, 2013
Chicago Tribune – Illinois Governor Signs Bill to Regulate Fracking
Illinois is one step closer to hydraulic fracturing after bipartisan legislation regulating the process was signed into law by Gov. Pat Quinn. Lawmakers say they hope the new regulations will encourage the oil and natural gas industry to invest in Illinois, helping to create jobs.
Fuel Fix Blog – Colleges Plan Training for Gas Drilling Jobs
Two colleges in southern Illinois are getting a jumpstart on possible oil and natural gas development in the state. Southeastern Illinois College and Rend Lake College are planning to provide training programs focused on safety and other areas related to energy development.
Posted June 17, 2013
Washington Post – Why We Should Speed U.S. Gas Exports
In an op-ed for the Post, U.S. Sen. John Barrasso of Wyoming writes that the United States has a rare opportunity through natural gas exports to simultaneously create jobs, strengthen our foreign policy hand and help allies abroad. “Make no mistake: Our allies need energy to grow,” he writes. “If the United States does not supply that energy, someone else will.”
The Telegraph – U.S. Having Real Energy Revolution with Oil Surge
“Despite disruptions to oil supply in Africa and parts of the Middle East, rising US output ensured that global oil production continued to grow,” writes Garry White.
Posted June 14, 2013
Fuel Fix Blog – Report: Renewables, Natural Gas Should Work Together On the Grid
According to a new report by the Texas Clean Energy Coalition, natural gas and renewables “have a strong complimentary relationship” that is beneficial for providing the energy Americans need every day.
Today in Energy – U.S. Crude Oil Production Could Reach 10M Barrels Per Day By 2040
EIA projects that thanks in large part to increased tight oil production – shale development – domestic production could continue to expand to 10 million barrels per day or higher by 2040.
Posted June 7, 2013
Propelled by a massive energy surge, North Dakota’s economy grew 13.4 percent in 2012, according to Bureau of Economic Analysis figures – nearly three times as fast as Texas, the No. 2 state. The oil and natural gas industry is a big economic driver, as well as manufacturing industries.
National Review Online – No More Energy Protectionism
In a guest post, the Heritage Foundation’s Nicolas Loris writes that, “In a free economy, goods and services go to their highest valued use. Natural gas is no different, and it should be treated the same as any other good the U.S. trades around the world.”
Posted June 6, 2013
The surge in U.S. shale development through hydraulic fracturing and horizontal drilling in North Dakota, Oklahoma and Texas has boosted domestic oil production – 7.3 million barrels a day last week alone – to the highest level since 1986, according to the U.S. Energy Information Administration.
Fuel Fix Blog – Feds Give More Time To Study Proposed Drilling Rule
Last month API asked for an additional 90 days to study BLM’s proposed rule governing hydraulic fracturing. Today, Interior Secretary Sally Jewell said that she would allow an additional 60 days for stakeholders to review the proposed regulations.
Posted June 5, 2013
The Hill – Fueling the Future
Bill Cooper, president of the Center for Liquefied Natural Gas, talked with The Hill about the future of natural gas exports. “This is not the first time the country has argued protectionism versus exports and that kind of thing,” he said. “Historically, if we look back over it, protectionism tends to lead to economic stagnation.”
Dallas Morning News – U.S. Oil and Natural Gas Investment at 10-year High
An Ernst & Young study released Tuesday found that in 2012 the 50 largest U.S. oil and natural gas companies spent $185.6 billion on domestic exploration and new production. That represented a 20 percent increase over the previous year and the most in the past 10 years.
Posted June 4, 2013
Fox Business – Oil and Natural Gas Industry Readies for Hurricane Season
API’s Rayola Dougher stopped by Fox Business and outlined measures the industry takes to prepare its employees and facilities for the threats posed by hurricanes. “Worker safety is the industry’s top priority,” Dougher said.
CNN Money – U.S. Steps Up Natural Gas Exports
With the Energy Department granting a second liquefied natural gas export license last month, the U.S. might soon see the approval pace quicken on the remaining export applications, CNN reports.