Opinion

Iran’s Loss, Russia’s Gain

Russia will export more crude beginning in September, with most incremental exports targeting Europe, according to ESAI Energy’s CIS Watch Crude Outlook. Russia’s higher exports will come just as European refiners cut imports of Iranian crude, turning Iran’s loss into Russia’s gain. According to the report, which highlights near-term developments in Russian crude fundamentals and […]

By September 7, 2018 0 Comments Read More →

Opinion: Tax cuts are working sector by sector for Louisiana

Not long ago, I got a letter from a tiny town in southeast Louisiana. The town is so small that it would make Mayberry look like a metropolis. The letter writer wanted to thank me for the Tax Cuts and Jobs Act of 2017 and register a minor complaint about his mulching business. “My phone […]

By September 6, 2018 0 Comments Read More →

OUR COMMITMENT TO METHANE REDUCTION WON’T CHANGE

With reports surfacing recently that suggest the Environmental Protection Agency plans to modify the federal methane regulations enacted by the Obama administration, we thought this would be a good opportunity to state – again – our position on methane management. So what would potential changes to the EPA methane regulations mean for ExxonMobil? Actually, nothing. […]

By September 5, 2018 0 Comments Read More →

The long expansion, still going

Let’s hear it for growth, as the nation now records its longest economic expansion on record — 9½ years and counting, as of August. But in Louisiana, we also have another milestone from a decade ago. That concerns the price of oil, and as happens so often, Louisiana’s economy took something of a different tack […]

By September 4, 2018 0 Comments Read More →

Shifting The Focus To Optimized Production

Producers operating in the unconventional oil and gas basins in North America have found in optimized completion designs the right recipes to make production in a post-downturn industry economic. Over the past half-decade, operators have discovered that longer laterals, higher proppant loads, tighter stage spacing and more fracture stages have led to lower breakeven costs […]

By September 4, 2018 0 Comments Read More →

Iran’s Crude Buyers Explore their Options

India and China are exploring ways to keep taking Iranian crude after U.S. sanctions hit in November, according to ESAI Energy’s recently published Middle East Watch Crude. Iran’s national tanker company, NITC, has begun insuring cargos to both countries, and rupee- and renminbi-riyal payment mechanisms are also on the table for New Delhi and Beijing. […]

Iran Sanctions Offer Trump New Opportunity To Help American Oil Producers

As the Trump administration prepares to renew sanctions on Iran’s energy sector, it has an opportunity to help the U.S. oil and gas industry with the right enforcement policy. But at the moment, the White House appears to be missing the boat by rolling out the Obama-era regime of Iran sanctions. That outdated policy ignores […]

How Energy Shortages Really Affect the Economy

Many people expect energy shortages to lead to high prices. This is based on their view of what “running out” of oil might do to the economy. In this post, I look at historical data surrounding inadequate energy supply. I also consider some of the physics associated with the situation. I see a strange coincidence […]

Fracking, 10 years later: Its benefits far outweigh its risks

It has been 10 years since the combination of horizontal drilling and hydraulic fracturing technologies reversed the United States’ position from that of energy scarcity to energy abundance. This has changed the economy for the long haul and in the process thrust the term “fracking” into the mainstream American lexicon. During this time, “keep it […]

A Saudi-Iran oil price war could break up OPEC

When OPEC and Russia shook on increasing crude oil production by a million barrels daily to stop the oil price climb that had begun getting uncomfortable for consumers from Asia to the United States, there was no sign of what was to come just two months later: slowing demand in Asia, ample supply, and a […]