Energy Tomorrow Blog
Comparing Price Volatility in Equities, Crude Oil
Dean Foreman
Posted March 15, 2018
Energy, Pump Prices and Consumers
consumers gasoline prices oil production crude oil prices
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).
Safety a Core Mission of U.S. Pipeline Network
infrastructure pipelines pipeline safety crude oil refineries
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.
Refined Products Exports Bolster U.S. Trading Posture
exports crude oil exports lng exports chevron refining distribution
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…
Dakota Access Pipeline for Energy, Economy, Security
pipelines north dakota crude oil bakken shale refineries infrastructure
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.
100 Days: Energy Exports Strengthen U.S., Boost Allies
100-days lng exports crude oil exports economic growth us energy security
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.
Video: Advanced Technology Drives U.S. Refining
refineries refining capacity refining crude oil fuels american energy spill
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.
U.S. Refining – Leading the World
refinieries refining crude oil fuels american energy
Mark Green
Posted January 24, 2017
Pipeline Delay Harms Rule of Law, Defers Public Good
pipelines infrastructure crude oil north dakota
Mark Green
Posted November 15, 2016
Crude Exports and Consumer Benefits
crude oil exports gasoline prices consumers domestic oil production eia
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.