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Where are the Unicorns?

Congress Mandates Cellulosic Ethanol and The EPA Tracks ItThe U.S. Environmental Protection Agency (EPA) is tasked with tracking compliance under the Renewable Fuel Standard (RFS2) that was set in the Energy Independence and Security Act of 2007 (...

Posted May 21, 2015    

Is Audi's Carbon-Neutral Diesel a Game-Changer?

IntroductionOccasionally I am deluged with inquiries about a particular news story. That happened this week. As the inquiries mounted, I decided I better address the story. After I saw one more gushing, uncritical report on CNN, I knew a reality...

Posted May 5, 2015    

Highlights of the 2015 Annual Energy Outlook

Recently the U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2015 (AEO2015). The report presents updated projections for U.S. energy markets through 2040 based on six cases, defined as follows:Reference — Real gross...

Posted April 27, 2015    

Crude Prices Surge as the Pieces Fall Into Place

I have been pretty adamant — some may say stubbornly so — about my expectations for crude prices this year. I have argued against the notion that oil prices were going to fall to $20 or $30/bbl for several reasons. In a nutshell, those reasons are:...

Posted April 20, 2015    

Why Crude Inventories Surged Last Week

While U.S. crude oil inventories have been surging since last fall, I have argued that these inventories should peak off soon. There are several reasons for this, but the primary reason is that March is historically the month that refinery...

Posted April 13, 2015    

Crude Oil Inventories Should Peak Soon

In my previous column – Is the U.S. Running Out of Crude Oil Storage? – I discussed the tightening crude oil storage picture in the U.S. That column has already generated the highest level of feedback and inquiries from readers and the media of any...

Posted March 30, 2015    

Is the U.S. Running Out of Crude Oil Storage?

No, despite the popular narrative that we keep hearing, the U.S is not running out of crude oil storage. Yet there are those who are predicting that oil prices are going to fall to $20 or $30 a barrel, pointing to the crude oil storage numbers and...

Posted March 16, 2015    

Washington Post: President Obama is Lying About the Keystone Pipeline

I will preface this article with my standard disclaimer on the Keystone XL Pipeline project: I have no vested interest in the pipeline either way. My interest is in fostering honest debate and discussion on energy policy, and because there has been...

Posted March 9, 2015    

The Growing Risk of Transporting Crude Oil by Rail

By now you have probably heard that a CSX (NYSE: CSX) train carrying Bakken crude from North Dakota’s shale oil fields derailed and caught fire. The oil was bound for a coastal oil shipping depot owned by the midstream Master Limited...

Posted February 24, 2015    

Oil Prices: Dead Cat Bounce or Have We Passed the Bottom?

When I made my energy predictions for 2015, I made some very aggressive predictions. Perhaps the most aggressive was that the closing price of West Texas Intermediate would not fall below $40/barrel (bbl) in 2015. Why do I consider this a...

Posted February 9, 2015    

Why $50 Oil Won't Last

In the past few weeks I have received numerous questions about the role of a “drop in demand” in the oil price decline. These questions are driven by many stories in the media that have referenced a drop in demand.There are two primary reasons given...

Posted January 26, 2015    

My 2015 Energy Predictions

Happy New Year to readers around the world! For the past 5 or 6 years, I have begun the year by making predictions for the upcoming year in the energy markets. I am generally happy if I can hit on 60-80% of them. In 2014 I went 5 for 5, but I can...

Posted January 12, 2015