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US Edges Saudi Arabia, Russia in Oil and Gas

October 8, 2013 by Marianne Lavelle
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US Oil and Gas Growth

The International Energy Agency made headlines nearly one year ago with its bold forecast that the United States was on track to being the world’s top oil and natural gas producer by 2017. Turns out that the US is fracking its way to the top far faster than the experts anticipated.[read more]

Will Water Limit Fracking and Natural Gas Development in Saudi Arabia?

April 23, 2013 by Geoffrey Styles
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As if the economics of shale gas development weren't challenging enough in such an environment, the key ingredient that has fueled the US shale revolution, water, is in short supply in Saudi Arabia.[read more]

Industry Resilience Needed to Meet Energy Future’s Challenges

March 7, 2013 by Mark Green

Resilience–measured in strength, portfolio diversity, adaptability and innovativeness–is essential for the oil and natural gas industry to continue to play a role in the future.[read more]

Shale Gas and Tight Oil: Boom? Bust? Petering Out?

March 1, 2013 by Bill Chameides
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Governments and industry must recognize that shale gas and oil are not cheap or inex­haustible: 70% of US shale gas comes from fields that are either flat or in decline.[read more]

IEA Expects Global Energy Focus to Shift Eastward

December 7, 2012 by Geoffrey Styles
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Eastward Shift via Shutterstock

 

Last month the International Energy Agency (IEA) released its annual long-term forecast, the World Energy Outlook (WEO). Its projection that US oil output would exceed that of Saudi Arabia within five years was featured in numerous headlines, although some of the report's other findings look equally consequential. That includes the...[read more]

Oil-drilling Boom Puts the US in Global Driving Seat

November 13, 2012 by Matthew Cook
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Oil Rigs via Shutterstock

America is expected to become the largest crude oil producer in the world by  2020, overtaking Saudi Arabia and Russia.It is expected to reduce its imports from 10million barrels a day to about  4million barrels within ten years, the International Energy Agency forecast.It will become self-sufficient in about 2035 as a boom in...[read more]

Saudi Cabinet Shuffle Could Be Prelude to Larger Challenges

November 9, 2012 by Amy Myers Jaffe

Middle East via Shutterstock

 HomeEnergyWatchWashingtonLoren SteffyVoicesJobschron.com  Saudi Cabinet Shuffle Could Be Prelude to Larger ChallengesPosted on November 8, 2012 at 9:28 pm by Amy Myers Jaffe in General Comments()| E-mail| Print Saudi Arabia’s commitment to keep oil markets amply supplied has been keeping a lid on prices this autumn,...[read more]

What If Saudi Arabia Became an Oil Importer?

September 7, 2012 by Geoffrey Styles
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Saudia Arabia via Shutterstock

I've seen numerous references in the last several days to a Citgroup analysis suggesting that Saudi Arabia might become a net oil importer by 2030.  The premise behind this startling conclusion seems to be that economic growth and demographic trends would continue pushing up domestic Saudi demand for petroleum products and...[read more]

Saudi Arabia - America’s Real Strategic Petroleum Reserve?

August 27, 2012 by Amy Myers Jaffe
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Is relying on Saudi Arabia in times of war a smart tradition or future folly? As oil prices ticked above $115 per barrel last week, a White House leak revealed that President Barack Obama may dip into the Strategic Petroleum Reserve (SPR), the United States' 695 million barrel stockpile of emergency fuel supplies. The leak might have been a signal that Washington wants Gulf countries to take action to lower oil prices.[read more]

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Saudi Arabia to Unleash Solar by Investing $109 Billion

May 14, 2012 by Rhys Clay
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Saudi Arabia, the world’s largest exporter of crude oil plans to install a solar capacity of 41,000 megawatts by 2032. Critics have noted that to achieve this, Saudi Arabia would need to produce and export approximately half of the world’s total annual installed capacity of solar. Can the country achieve this ambitious target?[read more]

Could Solar Power Boost Saudi Oil Exports?

April 12, 2012 by Geoffrey Styles
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Photo by Guillaume Cattiaux via Flickr

How often have we heard that installing renewable energy sources like wind and solar power will improve US energy security and reduce oil imports? There are other reasons for promoting these technologies, but this one has little substance, because we generate less than 1% of our electricity from oil. Ironically, this logic looks much...[read more]

Canada Rises and Saudi Slides: Top 15 Sources for U.S. Crude Oil Imports in 2011

April 9, 2012 by Robert Rapier

The Energy Information Administration (EIA) recently published an article on 2011 U.S. crude oil imports. I thought it might be interesting to take a look at where the U.S. currently obtains its oil, and how that has changed over the past decade. The EIA story is: Nearly 69% of U.S. crude oil imports originated from five countries...[read more]

The US and Saudi Arabia: A Renewed Partnership on Oil Markets?

March 23, 2012 by Amy Myers Jaffe

On gasoline prices, President Obama is starting to learn the lesson of his predecessors. The quickest way to lower gasoline prices is by calling on Saudi Arabia.For three decades, US presidents have called on Saudi Arabia to get them out of an oil price bind. Saudi Arabia helped President Ronald Reagan get a leg up in the Cold War by...[read more]

The Cost of $100 Crude

February 20, 2012 by Keily Miller

In an interview with Austrian newspaper Kurier at the end of the month, OPEC Secretary General Abdalla Salem al-Badri went so far as to declare that “$100 a barrel doesn’t hurt the world economy at all.” As oil consuming nations struggle to climb out of global recession, does $100 per barrel constitute a reasonable price? Not likely.[read more]

More Long-Term Pressure on Oil Prices

January 18, 2012 by Geoffrey Styles

A pair of items in today's Financial Times could signal a longer run of high oil prices, even if Europe were to slip into recession and economic growth elsewhere slow. Geoffrey Styles explains how the combination of Saudi Arabia's increase of its target oil price and Venezuela's volatile leader will affect long run oil prices.[read more]