Will the Keystone XL Decision Be Based on Incorrect Assumptions?

When President Obama commented on the merits of the Keystone XL pipeline project in an interview in the New York Times last month, the Washington Post suggested that his remarks “give opponents reason for hope.” Although he confirmed that the White House’s main objective criterion for making this decision was still the pipeline’s greenhouse gas impact, the President also speculated about the project’s job-c ...

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China’s Refineries Create Worldwide Glut While Independents Buck Beijing’s Control

In its most recent analysis of China’s oil and gas industry, updated in April, the US Energy Information Agency (EIA) said that China’s installed crude refining capacity is over 11 million barrels per day (bbl/d), doubling since 2000, while its goal is to augment crude oil refining capacity by around 3 million bbl/d to reach 14 million bbl/d by 2015, the end of the country’s 12th Five Year Plan. ...

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United States and China Oil Consumption and Imports: A Tale of Two Very Different Countries

For more than a decade China has been making headlines in energy news, always at the superlative degree and always as the emerging superpower comparable to the US, the reigning super power. Despite US involvement in two wars and reducing dependence on foreign oil imports thanks to a domestic renaissance of its oil and gas industry, it is the impact of China that is prominent on the world news stage. ...

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We Win and They Lose

“An economy in distress, vast natural resources locked up with no plans to put them to use, and a regulatory regime that inhibits the development of resources and the creation of jobs.” Sound familiar? These words were written by William Perry Pendley, the Deputy Assistant Secretary of Energy and Minerals at the Department of the Interior under Ronald Reagan. ...

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Wind Energy: The ‘Greenfellas’ Connection

It was only a matter of time. Easy money and a lax government oversight, all for the common good. Who would have thought that holy environment would bring out the crooks? A new Europol report cites an “emerging trend” of Mafia involvement in the wind and renewable energy industry across Europe, the Americas and Australia. The attraction is clear: huge subsidies, guaranteed markets and prices – and a serious ...

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A Deal with the Devil? Arctic Drilling War of Attrition Begins Part Two

Last week we took a look at the companies interested in Arctic drilling as well as Greenpeace’s new anti-Arctic drilling video. This week we will take a look at the potential dangers of Arctic drilling. For starters, the U.S. Energy Information Agency (EIA) cites several Arctic-drilling challenges including long supply lines and limited transportation access from the world's manufacturing centers. ...

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The US is the Gassiest Country

Over the past seven years, the US has firmly established itself as the global king of natural gas production (and consumption). In 2011, the US produced 62.7 billion cubic feet per day (bcfd) — more natural gas than any country had ever produced in a single year. ...

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Energy Exports: America Cannot Afford to Delay

As global demand for energy increases, competition over oil and gas exports has intensified. This is how The Wall Street Journal portrays the situation in a recently published piece, “U.S. and Canada Vie for Big Gas Projects.” The article specifically notes competition from our northern neighbors on Liquefied Natural Gas and the race to build export terminals in North America for transport to Asia. ...

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Oil’s Eastern Hemisphere is Shifting, Too

No one should be surprised that the turmoil in Egypt has caused jitters in the oil markets. Although Egypt has recently become a net oil importer, the possibility of extended violence or even civil war poses risks to the tanker traffic through the Suez Canal. This has helped to push UK Brent crude to its highest level since April and contributed to higher prices for West Texas Intermediate (WTI) crude than ...

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© 2013 Energy Tribune

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