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2013 News Items

June 2013

As the shale revolution in oil and natural gas spreads beyond the US and Canada, the energy industry needs to incorporate an important lesson from the nuclear industry.

The global oil market remains currently oversupplied helped by "staggering" US production gains which are eating into the demand for OPEC's oil, according to BP's chief economist, Christof Ruhl.

U.S. lawmakers are embarking this summer on a campaign to deal a deeper blow to Iran's diminishing oil exports, and while they are still working out the details, analysts say the ultimate goal could be a near total cut-off.

May 2013

A new U.S. energy era is dawning, with surging oil and NatGas production, and breakthroughs in renewables. But is the nation ready to assimilate these opportunities? Columbia University's Center on Global Energy Policy, Jason Bordoff discusses.

The window for US exporters to enter the global LNG marketplace will not be open forever, so why is it taking so long to approve these projects? Several high-profile energy experts mulled this and other economic, geopolitical and environmental questions at a recent Columbia University Center on Global Energy Policy gathering.

A “commercial maturity test” could ease the political process of determining which of the 20 pending applications for Department of Energy licenses to export LNG to non-free trade agreement countries will be approved, said David Goldwyn, President of consultancy Goldwyn Global Strategies at a Columbia University Center on Global Energy Policy event earlier this week.

US tight oil production has already helped to shave somewhere on the order of $20-$25 per barrel from Brent crude oil prices, and continued output growth has the potential to further impact global pricing, according to Energy Information Administration (EIA) Administrator Adam Sieminski.

April 2013

More than a year after the United States and Mexico signed a much-lauded deal that would remove obstacles to expanding deepwater drilling for oil in the Gulf of Mexico, the agreement still has not been finalized by the United States.