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crude oil

Friday Energy Facts: Crude Exports and Re-Exports Continue to Rise; Some Volumes Sent to Europe and Asia

November 7, 2014 by U.S. EIA: Today in Energy

Oil Exports Rising

The United States exported 401,000 barrels per day (bbl/d) of crude oil in July 2014, the highest level of exports in fifty-seven years and the second highest monthly export volume since 1920, when the Energy Information Administration's published data actually starts.[read more]

The Impact of the Global 'Sweet' Crude Bulge

October 20, 2014 by Geoffrey Styles

When the US went to war in 2003, the price of oil embarked on a trend that took it from around $30 per barrel to nearly $150 before collapsing in 2008. This time, as a new US-led coalition takes on ISIS with a bombing campaign in Iraq and Syria, the price of oil is falling, down 20% in the last two months.[read more]

U.S. Crude Oil Exports Headed to South Korea

October 2, 2014 by Robert Rapier
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Whether crude exports from Alaska begin to happen regularly will depend on the differentials between ANS and the price of oil in Asia. Affecting this will be a number of factors, including the future direction of Alaskan and Lower 48 oil production.[read more]

Brookings Institute Argues for Lifting Crude Oil Export Restrictions

September 16, 2014 by Edward Dodge
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Oil Export Regulation

Larry Summers, former economic adviser to President Obama, gave a speech at a recent event presenting the case why the ban on United States crude oil exports should be lifted. The ban is a legacy policy from the 1970’s that is no longer relevant in today’s market.[read more]

U.S. Crude Exports in April Rise to Highest Level in 15 Years

June 22, 2014 by U.S. EIA: Today in Energy
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US Crude Exports

The United States exported 268,000 barrels per day (b/d) of crude oil in April (the latest data available from the U.S. Census Bureau), the highest level of exports in 15 years. Exports have increased sharply since the start of 2013 and have exceeded 200,000 b/d in five of the past six months.[read more]

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Benefits of Blocking the Keystone XL Pipeline: Facts or Myths?

September 10, 2013 by John Miller
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Keystone Pipeline Facts and Myths

The Keystone XL pipeline is being strongly opposed due to claims that the U.S. and the World would benefit more without completing this project. After carefully examining the factors for opposing the pipeline, are these advocated benefits reasonable?[read more]

Do Crude Oil Shipments Make Rail Less Safe?

September 9, 2013 by Geoffrey Styles
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It’s been nearly two months since a train loaded with crude oil from North Dakota derailed and exploded in the Canadian town of Lac-Megantic, Quebec. Since the accident authorities have focused on ascertaining the cause of the accident and determining how best to improve rail safety.[read more]

Libya Could Produce More Energy from Renewables than Oil

February 28, 2013 by Matthew Cook

Libya could generate five times the amount of energy from solar panels alone than what it produces from crude oil, according to research by Nottingham Trent University.[read more]

Gas Prices: How Low Can They Go?

October 5, 2012 by Bill Chameides
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Hoping for lower prices at the pump? Don’t hold your breath. Here’s why.During presidential election years, pretty much anything can become a political football. And so it‘s not surprising that with gasoline prices well above $3 a gallon, the cost of gasoline has become a topic on the stump. Mitt Romney and his fellow Republicans—as well...[read more]

The Romney-Ryan Energy Plan by the Numbers

August 30, 2012 by Bill Chameides
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Oil, gas, coal, nuclear, wind, solar, efficiency. Which are the Republican hopefuls’ priorities? The Romney energy blueprint is a mix of policy points and criticisms of the Obama administration along with “Did You Know?” sections comprised of quotations from sources ranging from the Manhattan Institute to the New York Times. It turns out that the white paper devotes more space to the quotations than to Team Romney’s own statements.[read more]

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U.S. Energy Security and the Next Energy Crisis

July 16, 2012 by John Miller
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Lightspring/Shutterstock

Military activity has increased in the Persian Gulf. If the situation gets out of control parts of the U.S. face an energy crisis worse than the 1970’s. It’s time for the U.S. to implement a comprehensive and effective energy policy to transition the country from high risk oil imports to more secure and cleaner sources of energy.[read more]

What America Doesn't Know About Gas Prices

July 7, 2011 by Silvio Marcacci

Most Americans know the price of gasoline better than the cost of almost anything else they buy regularly. But do they know all the factors that go into that price, or even the source of the crude oil used to make their gas? energyNOW! special correspondent Josh Zepps takes an inside look at everything that goes into the price of gas - from the ground to your tank - and explains why crude oil costs so much in the first place, where most of that oil comes from, and why the gas you buy varies from season to season, and place to place.[read more]

The Cost of A Tougher Iranian Oil Boycott

June 1, 2011 by Geoffrey Styles

Today's Wall St. Journal (subscription required) includes an op-ed calling for a stricter US boycott of Iran than the current one that prohibits importing Iranian oil. The proposal from Reuel Marc Gerecht and Mark Dubowitz of the Foundation for the Defense of Democracies would go a step farther, barring the importation of petroleum...[read more]

Energy news and outlook: 2011 will look very similar to 2010

January 3, 2011 by Michael Giberson

A handful of energy news stories and commentary on the energy outlook: John Tierney’s energy resource optimism and James Hamilton’s response at Econbrowser. I like the response of the first commenter, Ricardo, to Hamilton: “It is not that crude oil will be with us forever but that energy sources will always give us more and better...[read more]

NYMEX crude oil prices surge above $86 to 17-month high on economic recovery

April 6, 2010 by Ee Mien Low

bloomberg.com : Crude oil prices surged to the highest level in 17 months as growth in American jobs and service industries signaled that the economy is recovering from the worst recession since the 1930s. NYMEX crude oil prices for May 2010 delivery increased $1.75 to settle at $86.62, the highest closing price since 8 Oct 2008. The...[read more]