Opinion

David Banks column: We can be optimistic about America’s energy security

he outcry over potential oil and gas exploration in untapped areas of the Outer Continental Shelf — from the Atlantic to the eastern Gulf of Mexico and the Pacific and Arctic — has cast much-needed focus on America’s energy needs and uses. The future of oil and natural gas in our economy, their essential role […]

U.S. shale surge sends warning to OPEC

U.S. crude oil production is set to increase by more than 1.2 million barrels per day in 2018 compared with 2017, according to the latest short-term forecasts from the U.S. Energy Information Administration. U.S. crude production will average almost 10.6 million barrels per day (bpd) this year compared with 9.3 million bpd in 2017 (“Short-Term […]

Saudi Arabia: One-time ‘swing producer’ becomes ‘swayed producer’ of oil

Oil prices have reached the $70-a-barrel mark, their highest since December 2014, but neither Saudi Arabia nor Russia is shouting with glee. That’s because it remains to be seen whether the oil market has achieved price stability for awhile. Saudi Energy Minister Khalid al-Falih this month spoke of the “fragility of the market.” He noted that a […]

Big On The Boom: Trump’s Infrastructure Plan Looks Like A Total Business Score

By removing unnecessary obstacles to new energy development, the Trump administration has helped unleash a domestic energy boom. U.S. energy production is growing so quickly that the U.S. Energy Information Administration predicts the U.S. will reach record-setting levels of oil and natural gas production this year. Building on this success would lead to still more energy-fueled economic […]

Point — Offshore energy is critical to future energy security

Offshore development plays a critical role in U.S. energy security, supplying more than 1 million barrels of oil per day for the last 20 years. And that’s with 94 percent of federal offshore acreage closed to exploration. Imagine how much more natural gas and oil we could develop if additional coastal resources were accessible. If […]

Can The Shale Boom Avoid These Bottlenecks?

Shale companies continue to drill at a frenzied pace, adding rigs and breaking U.S. oil production levels with each passing week. Yet, the oil production is becoming increasingly geographically concentrated. Not only is the Permian basin accounting for much of the new oil production in the U.S., but a relatively small number of counties within […]

Dr. Daniel Fine: NAFTA, natural gas and the San Juan Basin

The North American Free Trade Agreement is now in a final stage with the U.S. team looking over the “energy chapter,” which has been approved by Canada and Mexico. The Administration’s position, with a revisionist-protectionist core, offers President Trump a withdrawal-from-NAFTA option, at least a tactical move to shake up Canada and Mexico in the […]

U.S. Crude Oil Exports Increased Following Hurricane-Related Refinery Disruptions

From late August through September 2017, Hurricane Harvey caused disruptions to the U.S. Gulf Coast refining sector, resulting in record-high U.S. crude oil exports when export facilities reopened after the storm and before many refineries returned to pre-storm levels of utilization. In October 2017, crude oil exports from the United States reached a monthly record […]

Jeff Sadow: Instead of blasting Rick Scott’s visit to Louisiana, Gov. Edwards should take notes

When the truth hurts, Democratic Gov. John Bel Edwards feels the need to distract voters from it. Edwards took umbrage when Florida Republican Gov. Rick Scott visited Louisiana this month for what he termed a “trade mission” to entice Louisiana businesses to relocate to the Sunshine State. Scott noted that when he had to close […]

EIA Expects 2018 and 2019 Natural Gas Prices to Remain Relatively Flat

In its latest Short-Term Energy Outlook (STEO), EIA expects the Henry Hub natural gas spot price to average $2.88 per million British thermal units (MMBtu) in 2018 and $2.92/MMBtu in 2019, slightly lower than the 2017 average of $2.99/MMBtu. Lower prices in 2018 and 2019 reflect EIA’s expectation of increased natural gas production and relatively […]