America’s shale boom may have a shelf life

Article By: Fox Business America’s new oil dominance has an end date, according to OPEC, with the organization saying shale oil production will peak by the late 2020s, after which there will be a renewed demand for OPEC crude. OPEC forecast U.S. shale growth will peak at 14.3 million barrels a

Continue Reading

$100 Oil Is A Distinct Possibility

Article By: Oil Price An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report. The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC

Continue Reading

U.S. House OKs Bill Authorizing Small-Scale LNG Exports

Article By: Kallanish Energy The U.S. House of Representatives passed legislation last week 260-146 authorizing small-scale exports of liquefied natural gas. Thirty-seven Democrats joined 223 Republicans in casting yes ballots, Kallanish Energy reports. Three Republicans and 143 Democrats

Continue Reading

The U.S. Becomes an Oil Economy

Article By: Bloomberg The oil market has changed a lot over the past decade. Here, for example, is the latest data on U.S. imports and exports of crude oil and petroleum products, released by the Energy Information Administration at the end of last month: Closing the Oil Gap U.S. monthly trade

Continue Reading

Petition Gatherer for Colorado Oil, Gas Measure Quits Effort

Article By: The Journal DENVER – A group behind a proposed Colorado initiative to severely limit new oil and gas drilling on non-federal land has parted ways with a petition-gathering firm in a payment dispute. The group, Boulder-based Colorado Rising, insists its effort to collect enough voter

Continue Reading

Colorado poised to pass California for oil production

Article By: Colorado Politics Oil production is booming in Colorado — so much so that the state is about to overtake California in the crude-oil output rankings, federal figures show. Crude oil output in Colorado reached 451,000 barrels a day in April, according to data from the U.S. Energy

Continue Reading

Dueling Energy Subsidies are Equally Bad

Article By: Commonwealth Foundation Shortly after Pennsylvania lawmakers suggested subsidies for nuclear power plants, the federal government launched a new effort to subsidize not only nuclear power but other forms of energy as well. Earlier this month, President Trump ordered Department of

Continue Reading