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.
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.
The boom in domestic oil and gas production has strengthened the hand of the United States in global affairs and is having a profound impact on U.S. security and foreign policy, President Barack Obama's national security adviser said on Wednesday.
The theory was straightforward and seemed to hold with common sense: One day soon, the Earth would hit its halfway point of global oil production -- its "peak" -- and thereafter, it would see a steady decline. Those behind the concept called it "peak oil."
Prices of renewable fuel credits, needed by refiners to comply with the nation's Renewable Fuel Standard, have skyrocketed over the past few months, an indication to some that the dreaded "blend wall" is close.