American Petroleum Institute (API)

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Proponents of the Keystone XL pipeline have been vastly overstating the number of jobs that will be created by this dirty energy project. Only 35 permanent jobs will be created by the pipeline.[read more]

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New analysis by the consulting firm ICF International indicates significant potential economic benefits from the export of U.S. liquefied natural gas[read more]

Before 1984, only AT&T could sell long-distance telephone service, making a long-distance call to your great aunt cost $3.00 a minute. That monopoly and unfair pricing ended when a federal judge required AT&T to grant access to any carrier that wanted to sell long-distance services. Here’s a lesson from Economics 101: a monopoly has the power to set the price on a commodity.[read more]

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We have the energy. Last week’s IHS Global Insight study sketched an American energy revolution led by unconventional oil and natural gas. The energy contained in shale and other rock formations, extracted with horizontal drilling and hydraulic fracturing, could spur more than $5.1 trillion in capital spending between now and 2035, creating 3.5 million new jobs along the way. IHS’ John Larson:[read more]

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Last Friday I was in Washington, DC for the presentation of the International Energy Agency's latest report on natural gas, "Golden Rules for A Golden Age of Gas."  It is a follow-up to last year's IEA scenario describing the enormous gas potential now being unlocked by new combinations of technology. According to IEA's chief...[read more]

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 In the power system marketing wars, both nuclear fission and natural gas are currently labeled as “low carbon” sources of electricity. Even though nuclear fission reactors can be clean enough to run inside sealed submarines, the forces who oppose nuclear energy insist that there is enough CO2 produced in the fuel cycle and in the...[read more]

 The breakthrough energy innovation of the 21st century is not thin-film solar, sophisticated wind turbines, advanced biofuels or small-scale nukes. It’s shale gas. So says Daniel Yergin, the energy guru and author of The Quest: Energy, Security and the Remaking of the Modern World (Penguin, $35), who was interviewed today (Nov. by...[read more]

As debt negotiations continue in Congress, President Obama appears to be sticking to his guns on repealing the enormous tax breaks enjoyed by the oil and gas industry. The industry takes advantage of tax breaks dating back to the dawn of the oil age – the kind of fiscal encouragement intended to support nascent businesses, not...[read more]