The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

demand  distribution  energy  imports 

Jane Van Ryan

Jane Van Ryan
Posted August 19, 2009

According to API's monthly statistics report, July oil product deliveries--a measure of demand--fell 3.0 percent from a year ago, which slowed the rate of decline by half compared with the first half of the year.

Read More

crude-oil  demand  energy  energy-reality  prices  supply  ftc34 

Jane Van Ryan

Jane Van Ryan
Posted August 6, 2009

Today, the Federal Trade Commission (FTC) announced a new petroleum market "price manipulation" rule that could lead to a less competitive market--hurting American consumers of gasoline, diesel and other petroleum products. Furthermore, it could discourage companies from providing information to the marketplace. 

Read More

demand  earnings  energy-reality  supply 

Jane Van Ryan

Jane Van Ryan
Posted July 30, 2009

The headline on the USA Today Web site reads, "ExxonMobil 2Q profit falls a surprising 66%." But in actuality, oil company second quarter earnings reports shouldn't be a surprise to anyone. 

Read More

demand  employment  energy  engineers 

Jane Van Ryan

Jane Van Ryan
Posted July 30, 2009

Thinking about a career in the oil and natural gas industry? The summer 2009 Salary Survey report from the National Association of Colleges and Employers (NACE) shows that petroleum engineers are pulling in the highest starting salaries. 


Read More

crude-oil  demand  diesel  energy  energy-reality  opec  supply 

Jane Van Ryan

Jane Van Ryan
Posted July 16, 2009

If you're looking for an indicator that describes the current economy, look no further than API's oil demand and supply statistics. API reported today that U.S. petroleum deliveries--a key measure of demand--in the first six months of 2009 fell to its lowest level for the time period in more than a decade. 

Read More

supply  over-regulation  imports  energy-iq-survey  energy-iq  energy  domestic-energy  demand  canada 

Mark Green

Mark Green
Posted June 30, 2009

Oil and natural gas are found all over the world in varying amounts, and throughout history, about one trillion barrels of oil have been produced. While about one-third of our oil is produced domestically, where does our imported oil come from? - See more at: http://energytomorrow.org/blog/author/13/P615#sthash.mWkaeH2s.dpuf

Read More

api-monthly-statistical-report  bakken-formation  demand  domestic-energy  energy  gasoline  production 

Jane Van Ryan

Jane Van Ryan
Posted June 17, 2009

The Bakken formation is making a noticeable improvement in U.S. oil production. According to API's Monthly Statistical Report for May 2009, U.S. oil production climbed for the fifth straight month largely because of higher output from North Dakota's Bakken shale production.

Read More

crude-oil  demand  diesel  domestic-access  energy  energy-policy  gasoline-prices  prices  supply 

Jane Van Ryan

Jane Van Ryan
Posted June 16, 2009

Gasoline prices have risen to an average of $2.67 a gallon, the highest price in the past eight months. API's Chief Economist John Felmy and Statistics Manager Ron Planting attribute the price rise largely to what they call "market fundamentals"--the basic law of supply and demand.

Read More

crude-oil  demand  diesel-fuel  diesel-prices  energy  energy-reality  gasoline  prices 

Jane Van Ryan

Jane Van Ryan
Posted June 1, 2009

When economists are asked why the price of fuel fluctuates, they often explain that price changes are due to the "market"--the interaction of all of the people around the world who buy and sell crude oil and fuels in the global marketplace. These buyers and sellers decide how much oil and oil products they are willing to buy or sell at a given price. Their decisions can be affected by several factors including weather, refinery operations, and geopolitical and economic conditions. The price of other commodities, such as wheat and corn, are determined in much the same way. I touched on these points a bit in last Friday's post.

Read More

taxes  supply  energy-policy  energy  demand  chevron 

Jane Van Ryan

Jane Van Ryan
Posted May 13, 2009

On Thursday, May 7, Chevron chairman and CEO David O'Reilly addressed 250 corporate executives at the Boston College Chief Executives' Club of Boston.

Read More