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Fracking Time for a Step Back

July 29, 2015 by Steve Heisler

Fracking Analysis

Fracking is one of the hottest environmental topics under discussion these days, and for good reason: Many known dangers exist. Additionally, there may be more problems we haven’t yet discovered, because the fracking process currently in use has a short safety track record.[read more]

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Can U.S. Canadian Oil Sands Imports be Nearly Carbon Neutral?

July 28, 2015 by John Miller
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Oil Sands and Carbon Neutrality

The Argonne National Laboratory published a study that indicates Canadian Oil Sands imports would increase greenhouse gas emissions by 20% greater than existing conventional U.S. domestic crudes. Is this study reasonably accurate or is it feasible that actual Oil Sands imports could be almost carbon neutral?[read more]

Sizing Up EPA's New Voluntary Methane Reduction Program

July 27, 2015 by EDF Energy Exchange

EPA and Methane

The U.S. oil and gas industry released more than 7.3 million metric tons of methane into the atmosphere in 2013, a three percent increase over 2012 – that’s an amount of gas worth nearly $2 billion, and enough to supply about 6 million American homes. So what are we going to do about it?[read more]

Nine Reasons Why Low Oil Prices May "Morph" Into Something Much Worse

July 24, 2015 by Gail Tverberg
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Low Oil Prices and Economic Risk

Why are commodity prices lagging? The question comes back to, “Why isn’t the world economy making very many of the end products that use these commodities?” If workers were getting rich enough to buy new homes and cars, demand for these products would be raising the prices of commodities.[read more]

Friday Energy Facts: Beyond Shell-BG, Oil Company Merger Activity is Down

July 24, 2015 by U.S. EIA: Today in Energy

Oil Company Mergers

The second quarter of 2015 exhibited the largest amount of oil companies' merger and acquisition (M&A) activity by value since fourth-quarter 2012. The announced merger between Royal Dutch Shell and BG Group in early April accounted for $84 billion of the $115 billion quarterly total.[read more]

Four Things to Look for in EPA's New Voluntary Methane Reduction Proposal

July 24, 2015 by EDF Energy Exchange

Methane Reduction and Regulation

The EPA will soon propose its “enhanced” Natural Gas STAR program, providing guidelines for oil and gas companies that want to voluntarily reduce methane emissions. Calls for voluntary measures to address pollution have increased recently, as the EPA is set to release its first-ever methane rules this summer.[read more]

Putting the IMF Externalized Cost Report in Perspective

July 23, 2015 by Schalk Cloete
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IMF Report and Externalized Costs

The IMF recently released a working paper in which very high external costs of fossil fuels are reported. While it is unquestionable that fossil fuel combustion has large externalized costs, the magnitude of these costs may well be substantially over-estimated in this report.[read more]

Is the U.S. Really the World's Top Oil Producer?

July 22, 2015 by Robert Rapier
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United States Oil Production

The U.S. is clearly an energy production superpower, but we are an even greater energy consumer. Thus, despite the large amount of energy production, the U.S. is not energy independent. Our position as the #2 coal producer behind China mirrors our #2 position behind China in carbon dioxide emissions.[read more]

Vote for the Future of American Energy Security

July 22, 2015 by Robbie Diamond

Energy Technologies and the Future

Americans have enjoyed a break at the gas pump this summer. While all of us are relieved to spend less getting around during vacation time, consumers should be wary that this period of relatively affordable gasoline does not signal the achievement of American energy security.[read more]

Climate Change and Oil Companies: Who Knew What and When?

July 20, 2015 by David Hone
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Oil Companies and Climate Change

A recent article in the Guardian, which was also carried through a number of other media outlets, implied some prior knowledge within the oil and gas industry of climate change and the impact of carbon dioxide emissions from fossil fuel use long before others had recognized its impact.[read more]

Activists Are Superfans, and Other Roundtable Revelations

July 16, 2015 by Matt Stewart

Activism is rarely thought of positively. We usually associate activists with customers (or shareholders) who don’t like the way a company is going and will petulantly alert stakeholders, and disrupt the normal flow of business until they’re outmaneuvered, ignored or victorious. But activists are, fundamentally, superfans.[read more]

Summer Gasoline Prices are Lowest in Years

July 15, 2015 by U.S. EIA: Today in Energy

Summer Gas Price Drop

The average retail price for motor gasoline this summer (April through September) is expected to be $2.67 per gallon, the lowest price (in real dollars, meaning adjusted for inflation) since 2009, based on projections in EIA's July Short-Term Energy Outlook (STEO).[read more]

Commentary: Cracking Open A Window for Iran to Attain its "Economy of Resistance"

July 14, 2015 by Amy Myers Jaffe
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As news of a deal between Iran and the P+1 group intensifies, markets and companies will increasingly focus on what it will mean for oil. There are already hints that any deal will involve inspections, followed by affirmation of compliance, by the International Atomic Energy Agency which could take up to six months.[read more]

Last Monday's Large Percentage Decline in Crude Oil Prices was Relatively Rare

July 14, 2015 by U.S. EIA: Today in Energy

Oil Price Fluctuation

The front-month futures price for crude oil benchmark West Texas Intermediate (WTI) declined 7.7% on Monday, July 6, the largest single-day decline in percentage terms since February 4. With this decline, oil prices fell below the trading range established over the past few months.[read more]

Friday Energy Facts: Net Petroleum Product Exports Continue to Increase

July 10, 2015 by U.S. EIA: Today in Energy

Petroleum Exports

Over the past decade, domestic refinery output of petroleum products has grown significantly while consumption has declined, resulting in a major increase in product exports. Petroleum product exports averaged 4.1 million barrels per day (b/d) in the first four months of the year.[read more]