Posts filtered on Tag


An LNG tanker (Tomohiro Ohsumi/Bloomberg)

LNG boosters tout it as a cleaner, greener alternative to burning coal overseas

Even when U.S. natural gas is super-chilled into a liquid form, shipped by tanker around the globe, and burned to generate electricity, it producers fewer greenhouse gas emissions than the coal it often displaces, according to an industry analysis released Monday.
An oil tanker navigates the Houston Ship Channel in Houston, Texas. (Carter Smith/ Bloomberg News file photo)

Government report: Gasoline prices won’t climb if U.S. exports its oil

The EIA analysis also throws some cold water on the entire pro-export crusade, suggesting that widely selling U.S. crude abroad would do little to boost either domestic oil prices or production.
U.S. Coast Guard image showing the Royal Dutch Shell drilling rig Kulluk aground off a small island near Kodiak Island on Jan. 2, 2013. (AP Photo/U.S. Coast Guard)

Feds rap Shell for poor planning in botched tow of 2012 Arctic drilling rig

The NTSB report comes at a pivotal time for Shell, which has asked federal regulators for permission to resume exploratory oil drilling in the Chukchi Sea as soon as July.
(Photographer: Patrick Semansky/Bloomberg)

U.S. refiners can bulk up to consume more domestic oil

A new report from the Energy Information Administration suggests refiners can — and will — invest in new equipment to process the light oil flowing out of U.S. wells today, but a debate over crude exports could undermine some of those plans.
(Photographer: Patrick Semansky/Bloomberg)

Report: Refiners can handle the flood of light U.S. crude

The American Fuel and Petrochemical Manufacturers, which commissioned the analysis, hopes it will debunk oil producers’ chief argument for crude exports by proving that refiners have the capacity to consume light, sweet U.S. crude.
(Michael Stravato/The New York Times)

Report: Crude exports would boost production, lower gas prices

This is the first report to examine the issue in light of the recent decline in oil prices, now slashed to less than half their June 2014 high.
(Golden Pass Products)

EIA tool gives closer look at oil imports

U.S. oil imports have declined steadily over the past four years, as refiners replace foreign light, sweet crude with domestic supplies, according to the Energy Information Administration.
A scene from unrest in Benghazi, Libya. (AP Photo)

Report: Look for offline oil, find political unrest

Oil production around the globe is a canary in the coal mine, with major disruptions providing a strategic warning about growing instability and persistent violence around the world.
(AP Photo/Richard Drew, File)

Report: Retirees, 401Ks hold most shares in oil & gas industry

The biggest owners of oil and gas companies aren’t found inside their boardrooms.
(Kimberly White/Bloomberg News)

Federal agency says oil exports would lower pump prices

Ending the United States’ longstanding ban against most crude exports could lift oil prices inside the country while decreasing the cost of gasoline, according to a Government Accountability Office report released Monday.