US Oil and Gas Exports and National Power

on
Earlier this month, the US Senate Committee on Energy and Natural Resources held a hearing on US natural gas exports. Republicans championing exports say LNG exports will create jobs and raise revenue for the federal government. Democrats worry that exports will undercut the resurgence in US manufacturing. Senator Ron Wyden (D-Ore) led the charge arguing […]
Categories: General
In 2007, former Venezuelan President Hugo Chavez, who died in 2013, nationalized oil assets in the Orrinco heavy crude belt. ExxonMobil and ConocoPhillips quit the country and filed arbitration claims. (AP Photo/Fernando Llano)

Commentary: Is Venezuela turmoil good for oil sector?

on
Chávez extracted high rents from oil companies, investment in the sector has fallen and production in the oil-rich Orinoco Belt has stagnated. A government shakeup could bring positive change.

National Oceans Policy Is About Streamlining

on
This blog was written by Dr. Amber Mace,  Associate Director, Policy Institute for Energy, Environment & The Economy, University of California, Davis. Prior to joining UC Davis, Dr. Mace served as assistant secretary for coastal matters at the California Natural Resources Agency. Soon President Obama will release his final National Ocean Policy Implementation Plan. With […]
Categories: General

Saudi Shifts Governor of Eastern Province

on
The Saudi royal family has long been noted for its practical resilience and the recent replacement of the long-standing governor of the East Province, Prince Muhammad Bin Fahd, is a case in point. The change in governors came in the aftermath of a renewed wave of protests set in motion by the shooting of an […]
Categories: General
(AP file photo/Hadi Mizban)

Opinion: Oil’s divisive influence in Iraq

on
It has long been speculated that oil can be a driver for civil conflict, and one needs to look no further for evidence than the sectarian power politics that is threatening the possible devolution of the Iraqi state.
Categories: Crude oil, General

Shell In the Arctic: Why Ecological Services Valuation Needs to be Part of E & P Investment Analysis

on
The 2013 New Year’s holiday did not start out smoothly for the oil industry with news that Royal Dutch Shell’s ice-reinforced hull Kulluk oil-drilling ship, which is carrying 150,000 gallons of diesel and about 12,000 gallons of lube oil and hydraulic fluid, had run aground as it was being towed to avoid an Arctic storm […]
Categories: General

Bullish On America

on
The fiscal cliff notwithstanding, the shale boom is making people bullish about America. Roger Cohen put it very elegantly, “…the self image and economic prospects of an energy independent United States are going to see a sharp uptick.” And cheap energy isn’t the only thing we may have going for us. We also have a […]
Categories: General

Geopolitics Likely to Trump Economics In US LNG Export Question

on
Last week, U.S. Gulf of Mexico natural gas exports took a step closer to reality with the release of NERA Economic Consulting’s study for the U.S. Department of Energy concluding that the economic benefits (including wealth transfer affects) from liquefied natural gas (LNG) exports from the U.S. Gulf coast will outweigh the losses from “reduced […]
Categories: General

Back to the Future: New Middle East Looking Less “New”

on
For much of 2012, turmoil in the Middle East has provided a major support to international oil prices. But the inclination to diplomacy that gripped the center stage of several conflicts in the last week or two may be signs that oil market supply and demand fundamentals might reassert themselves, potentially bringing lower prices in […]
Categories: General

Saudi Cabinet Shuffle Could Be Prelude to Larger Challenges

on
Saudi Arabia’s commitment to keep oil markets amply supplied has been keeping a lid on prices this autumn, together with concerns about the health of the U.S. and global economy. What might have been considered a minor cabinet shuffle in the kingdom this week was largely ignored by oil traders, but perhaps mistakenly. Earlier this […]
Categories: General