Sign up | Login with →

Posts by Geoffrey Styles Subscribe

Exporting US Oil to Mexico

Mexico could become a major export destination for surplus US light crude oil, despite being one of the largest oil suppliers to the US, mainly of heavy oil.If structured as an exchange for other barrels, such exports might not require re-writing...

Posted September 15, 2014    

The Missing Oil Crisis of 2014

While the full impact of the surge in US "tight oil" may be masked by problems elsewhere, it is on the same scale--but opposite direction--as key factors that led to the 2007-8 oil price spike.In that light it does not seem like hyperbole to credit...

Posted August 7, 2014    

Bakken Shale Gas Flaring Highlights Global Problem

High rates of natural gas flaring in the Bakken shale formation are symptomatic of infrastructure limitations that prevent this gas from reaching a market.Although various technical options could reduce flaring from high-output well sites, none...

Posted August 4, 2014    

Condensate Pries Open the Oil Export Lid

A US ruling to allow limited exports of condensate, a light hydrocarbon mix similar to light crude oil, has implications for both producers and refiners, though not consumers.Whether or not it leads to wider US exports of condensate and crude, it...

Posted July 21, 2014    

ISIS Threatens Iraq's Oil Upside

Even if its threat to Iraq's oil exports can be contained, the newly asserted "Islamic State of Iraq and Syria" has altered the political risk of projects there.That could hamper future production that was expected to be a major factor in meeting...

Posted July 10, 2014    

EPA's CO2 Rule and the Back Door to Cap & Trade

Significant differences in EPA's proposed state CO2 targets for the power sector are reviving interest in cap & trade as a way to reduce compliance costs.This compounds the EPA plan's controversy and raises serious concerns about how the...

Posted July 1, 2014    

EPA's New CO2 Rules Create Opportunities for Natural Gas, for Now

EPA's proposed rule for reducing CO2 emissions from power plants could increase natural gas demand in the utility sector by as much as 50%, at the expense of coal.Cutting emissions by regulation rather than legislation entails legal and political...

Posted June 23, 2014    

Will Russia's Gas Deal with China Block Other Suppliers?

The recent natural gas deal between Russia and China involves volumes comparable to the gas production of the US Gulf of Mexico.Barring a major economic slowdown, meeting China's projected growth in gas demand will require this Russian...

Posted June 16, 2014    

IEA's Roadmap for Low-Carbon Electrification in a "Golden Age" of Gas

The IEA's latest Energy Technology Perspectives report provides a roadmap for the long transition to sustainable energy, as well as a report card on its progress.It also highlights the tension between the value of natural gas in decarbonizing...

Posted June 9, 2014    

US Strategic Gasoline Reserve: Solution or Band-Aid?

The new Northeast Gasoline Reserve addresses some of the shortcomings of the current, 39-year-old federal emergency crude oil reserve, or SPR.Whether or not the DOE considered other options, the upcoming Quadrennial Energy Review provides an...

Posted June 2, 2014    

An Expensive Subsidy, Twisting in the Wind

The expired federal Production Tax Credit for wind energy has missed another opportunity for renewal in the US Senate.If renewed at the proposed level and extended repeatedly, its annual cost could eventually exceed US tax breaks for oil and...

Posted May 20, 2014    

ExxonMobil Confronts the Carbon Bubble

Companies and investors are squaring off over the potential impact of government climate policies on asset values, particularly in the fossil fuel industry.ExxonMobil gave its shareholders data and assurances of asset resilience under various...

Posted April 28, 2014