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Oil

Colorado Town to East Coast Anti-Fracking Activists: You're Wrong

July 27, 2014 by Simon Lomax

Local officials in Erie, Colorado, are pushing back hard against a national environmental group for misrepresenting the outcome of a failed “ban fracking” campaign in their town. The officials say the Massachusetts-based group has “ignored or misstated” the facts.[read more]

World Oil Production at 3/31/2014: Where are We Headed?

July 25, 2014 by Gail Tverberg

Oil Production and Energy Future

The standard way to make forecasts of almost anything is to look at recent trends and assume that this trend will continue, at least for the next several years. With world oil production, the trend in oil production looks fairly benign, with the trend slightly upward. However, we may be dealing with an unstable situation.[read more]

IEA Executive Director Denounces Subsidy-Fueled 'Wasteful Consumption'

July 25, 2014 by Roman Kilisek
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Fuel Subsidies and Waste

Maria van der Hoeven, Executive Director of the International Energy Agency (IEA) recently expressed her view that “ending ‘wasteful fossil fuel subsidies’, which may encourage overconsumption of oil and gas, particularly in the Middle East,” still constitutes a big challenge around the world.[read more]

Friday Energy Facts: Oil and Natural Gas Sales Accounted for 68% of Russia's Total Export Revenues in 2013

July 25, 2014 by U.S. EIA: Today in Energy

Russia Fuel Sales

Russia is a major exporter of crude oil, petroleum products, and natural gas. Sales of these kinds of fuels accounted for 68 percent of Russia's total export revenues in the year 2013, based on data from Russia's Federal Customs Service.[read more]

The Great Electric Company Growth Opportunity

July 24, 2014 by Elias Hinckley
5

Utilities and Growth Choices

Energy use in the United States can be split into two large (very, very large) pies. One is electricity for use in homes, buildings, and industry, and the other is transportation, which is powered primarily by liquid fuels (gasoline and diesel) from oil.[read more]

What We Don't Know About Economic Climate Change Impacts

July 24, 2014 by Maximilian Auffhammer
2

Climate Change Economic Effects

Relatively recent econometric literature examines the impact of weather/climate on a variety of outcomes of economic interest. In order to provide an estimate of a climate impact you need two things: An estimate of how a sector responds to a change in weather/climate and projections of future climate.[read more]

Daniel Yergin: US Oil Output Helping Avert Crisis

July 22, 2014 by Edward Dodge
9

US Oil Production and Crisis Aversion

Daviel Yergin stated that if not for the recent domestic boom in tight oil production the U.S. would be in trouble. “I’m convinced we’d be looking at an oil crisis,” he said. “We’d have panic in the public. We’d have inflamed congressional hearings and we’d have the U.S. economy falling back into a recession.”[read more]

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Why Does Politics Keep Getting in the Way of Pricing Carbon? - Part 1

July 21, 2014 by Jesse Jenkins
98

Carbon Pricing and Politics

If you ask an economist the best way to combat climate change, you are very likely to get a pretty simple answer: put a price on carbon. Tax fossil fuels in proportion to the amount of carbon they release. Make coal, oil and natural gas more expensive.[read more]

Condensate Pries Open the Oil Export Lid

July 21, 2014 by Geoffrey Styles
1

Last month we learned that the Commerce Department gave two US companies permission to export condensate that would otherwise be trapped here under a 1970s-vintage ban on oil exports. This validates the view that the administration has the statutory authority necessary to allow such exports.[read more]

A Shift and a Slowdown: A Look Behind China’s 1H Oil and Gas Data

July 21, 2014 by Kate Rosow Chrisman

China Energy Data

Data and information for the first half of the year is trickling in on the world’s largest energy consumer. In this post, we take a deep look and examine the overall trends behind the numbers. Crude imports may be up, but that’s only half the story.[read more]

NOAA State Of The Climate In 2013: 'Our Planet Is Becoming A Warmer Place'

July 21, 2014 by Joseph Romm

A Warming Planet

The planet has continued to warm at an unhealthy pace over the last year, according to a report combining the efforts of hundreds of the world’s top scientists led by researchers at the National Oceanic and Atmospheric Administration.[read more]

Energy Quote of the Day: 'There’s Been a Monopoly on the Fuel System in this Country'

July 19, 2014 by Jared Anderson

Energy and Ownership

Utilizing natural gas as a transportation fuel is a large component of Fuel Freedom’s agenda. The recent surge in US natural gas production and the commodity’s current price discount to oil and oil products like gasoline and diesel has made natural gas vehicles a popular concept in recent years.[read more]

ERCOT Report Shows Continued Cut Backs on Coal Reliance and Increases in Natural Gas and Renewables

July 19, 2014 by Carlee Quintas
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Changing Energy Industry

 

Over the next 20 years the role that coal plays in providing power to Texas will continue to diminish, perhaps just not as fast as experts had hoped. Rising prices of natural gas have slowed coal's reduction putting it's numbers at about 23% of the Texas energy generation capacity.[read more]

Crisis of EU Refining Industry: Threat to Our Energy Security? [VIDEO]

July 18, 2014 by Kasper Peters

EU Refining Crisis

Fabrizio Barbaso, Deputy Director General of DG Energy at the European Commission, meets with viEUws.eu leading energy journalist Hughes Belin for an exclusive interview on the European refining industry crisis and security of energy supply.[read more]

Friday Energy Facts: Oil and Natural Gas Resource Categories Reflect Varying Degrees of Certainty

July 18, 2014 by U.S. EIA: Today in Energy

Resources and Certainty

Crude oil and natural gas resources are the estimated oil and natural gas volumes that might be produced at some time in the future. The volumes of oil and natural gas that ultimately will be produced cannot be known ahead of time, but resource estimates change.[read more]