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Energy Tomorrow Blog

Comparing Price Volatility in Equities, Crude Oil

crude oil  oil markets 

Dean Foreman

Dean Foreman
Posted March 15, 2018

The U.S. Energy Information Administration (EIA) recently noted that for the first time in since 2008, S&P 500 Index’s implied volatility briefly surpassed that of crude oil in February. In this context, “volatility” is a measure of the rate and magnitude of variations in prices. EIA’s observation could be important if it suggests stock prices are about to fall, like they did during the 2008-2009 financial crisis.

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Energy, Pump Prices and Consumers

consumers  gasoline prices  oil production  crude oil prices 

Mark Green

Mark Green
Posted July 26, 2017

Nationally, the average price of a gallon of gasoline the third week of July was $2.392 – about 42 percent lower than the national average price at the same time in 2008, according to the U.S. Energy Information Administration. Retail gasoline prices haven’t been “sticky,” as Sen. Charles Schumer said on ABC’s “This Week,” suggesting that some sort of anti-Adam Smith force has kept them from decreasing. Yet, as we can see, they have decreased significantly over a time period that coincides with accelerated U.S. crude oil production (thanks, fracking).

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Safety a Core Mission of U.S. Pipeline Network

infrastructure  pipelines  pipeline safety  crude oil  refineries 

Mark Green

Mark Green
Posted May 19, 2017

To mark #InfrastructureWeek, we’ve posted on the broad energy and economic opportunities that come from building new infrastructure or by expanding existing infrastructure. We’ve also highlighted the essential role of infrastructure in ensuring that the benefits of America’s energy renaissance reach all across the country, helping U.S. consumers. Let’s end the week with a word about infrastructure safety, focusing on pipelines.

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Refined Products Exports Bolster U.S. Trading Posture

exports  crude oil exports  lng exports  chevron  refining distribution 

Mark Green

Mark Green
Posted March 10, 2017

We’ve talked quite a bit about the way America’s energy renaissance is benefiting consumers, supporting the economy, strengthening our security, reducing U.S. energy-related carbon emissions to 25-year lows and bringing overseas wealth into this country through the export of crude oil and natural gas.

There’s even more: U.S. exports of refined petroleum products are soaring. Here’s a chart developed from U.S. Energy Information Administration (EIA) data, showing that exports of refined products have more than doubled in the past decade to about 3 million barrels per day…

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Dakota Access Pipeline for Energy, Economy, Security

pipelines  north dakota  crude oil  bakken shale  refineries  infrastructure 

Mark Green

Mark Green
Posted March 9, 2017

Perhaps as soon as next week, oil will begin flowing through the Dakota Access Pipeline, connecting energy-producing areas in North Dakota with refineries in Illinois. In a recent legal filing the pipeline’s builder, Energy Transfer Partners, said oil would be put in the final part of the pipeline that crosses under Lake Oahe in North Dakota next week or the week after – but most likely next week. Completion of the 1,172-mile, $3.78 billion project represents important progress on a number of fronts, including infrastructure, U.S. energy security, jobs, state and local economies and the rule of law.

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100 Days: Energy Exports Strengthen U.S., Boost Allies

100-days  lng exports  crude oil exports  economic growth  us energy security 

Mark Green

Mark Green
Posted February 13, 2017

A new era of U.S. energy exports is under way. The United States started freely trading crude oil in January 2016, following congressional legislation to end a 1970s-era ban on exports. The same month the first cargo of U.S. LNG produced from shale left Cheniere Energy’s Sabine Pass export terminal. Last month, export volumes from Sabine Pass reached a record 1.476 billion cubic feet of gas equivalent, according to Platts Analytics. Exports of LNG and crude oil both offer multiple economic benefits.

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Video: Advanced Technology Drives U.S. Refining

refineries  refining capacity  refining crude oil  fuels  american energy 

Mark Green

Mark Green
Posted January 31, 2017

One of the most technologically advanced industries in the world, the U.S. refining sector is the essential link between America’s crude oil wealth and the fuels and countless consumer products we depend on every day.

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U.S. Refining – Leading the World

refinieries  refining crude oil  fuels  american energy 

Mark Green

Mark Green
Posted January 24, 2017

Amid the volume of good news emanating from America’s energy renaissancelower consumer costs, economic growth, increased energy security, environmental progress and more – let’s also recognize that these benefits wouldn’t be realized without the key contributions of the U.S. refining sector.

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Pipeline Delay Harms Rule of Law, Defers Public Good

pipelines  infrastructure  crude oil  north dakota 

Mark Green

Mark Green
Posted November 15, 2016

In view of the facts, law and established procedure, the government’s latest decision to keep delaying the Dakota Access Pipeline project in North Dakota may only be explained as politics triumphing over legal due process and the public good. 

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Crude Exports and Consumer Benefits

crude oil exports  gasoline prices  consumers  domestic oil production  eia 

Mark Green

Mark Green
Posted September 9, 2016

Looking back, the weight of scholarship and analysis had predicted that, rather than cause higher pump prices here at home as some claimed, exporting domestic crude would put downward pressure on U.S. gasoline prices. In fact, that’s what we’re seeing – abundant crude oil supply benefiting American consumers. U.S. crude exports are part of that market dynamic – while also helping to support domestic production and strengthening America’s balance of trade.

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