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A Massive Oil Shortage Here Could Drive Exploration
Very interesting figures on oil production coming out of Australia last week. Showing the nation may be on the verge of a petro-crisis.
Senator Pushes LNG Exports As Part Of Ukraine Aid Package
Republican Senator John Barrasso (WY) plans on attaching his bill that authorizes more LNG exports to an aid package for Ukraine. Sen. Barraso originally introduced his bill back in 2012, but sees an opportunity to push it through with the unfolding crisis in Ukraine
Gas Wars: Will US Export LNG To Europe?
Russia’s move on Ukraine’s Crimea region has sparked Central European countries to increase calls for the United States to export its natural gas to Europe and help the region reduce its energy reliance on Moscow.
Europe Consider Measures To Cut Gas Imports
At a summit in Brussels next week, European Union leaders are expected to call for measures that would cut Europe’s reliance on imported natural gas, according to draft documents for the meeting.
This Move By China Jeopardizes Critical Supply
Chinese coal supply may be jeopardized by an unusual shift in the country: the widespread use of coal to make petrochemicals.
Exxon Eyes Production At 10 New Projects
Supergiant oil company ExxonMobil Corp. says it plans to simultaneously cut spending and launch production at a record 10 major projects this year, adding 300,000 barrels of oil equivalent per day of net capacity to its portfolio.
What Would U.S. Energy Exports Do To Prices At Home?
Lawmakers in Washington say expanded energy exports could strengthen the U.S. hand overseas while at the same time shielding the economy from overseas shocks. How that affects U.S. consumers, however, depends largely on forces at home, AAA said Monday.
Oil Drops On China Demand
Crude oil futures declined on new data from China showing that exports dropped by more than expected, providing fresh evidence of a slowdown in the Chinese economy. For April delivery, NYMEX oil dropped by 1.2% to $101.32 per barrel. Brent crude also dropped by 0.9% to $107.97.
Rail Muscles Its Way Into U.S. Oil Boom Narrative
Despite mounting concerns about safety, and developments in the midstream sector, John Gray, a senior vice president of the Association of American Railroads, said crude oil is now a key commodity group for the rail industry.
This Could Be The Future For Uranium
The uranium mining business has some unique global challenges. Namely, that the industry cost curve is much more warped than for any other metal.
Geopolitical Turmoil Takes Its Toll On ExxonMobil
ExxonMobil had a pretty rotten week. On March 5 it announced that it would reduce capital expenditures this year, after having “peaked” in 2013. Its 2014 spending will hit $39.8 billion, down 6% from $42.5 billion last year.
This Under-Developed Coast Is Energy's Next Thing
Very interesting farm-out deal on the international oil front this week. One that tells of a big shift in focus underway for energy markets.
French Utility Reports $13Billion Loss Over Solar, Wind Subsidies
Amid crippling European declines in gas storage and thermal energy production, France’s GDF Suez is reporting a net loss of over $13 billion for 2013 and may move to cut dividends.
Can The United States Rule The (Energy) World?
Geopolitical crises in Eastern Europe have been met with calls in the United States to use energy as a foreign policy tool. With U.S. Energy Secretary Ernest Moniz asking the industry to make a stronger case, however, it's domestic policies that may inhibit energy hegemony.
Claimants Win Legal Battle With BP Over Oil Spill
The US 5th Circuit Court of Appeals this week ordered BP to restart payments from its $9.2 billion compensation fund, rejecting the company’s bid to block business from recovering money over the oil spill.
Coal’s Comeback Year Runs Into Trouble
The industry’s multiyear campaign to rebrand itself as “clean coal,” has hit some setbacks with chemical spills in West Virginia and Duke Energy leaks into the Dan River in North Carolina. It doesn't end there either...
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