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Energy Tomorrow Blog

Rising U.S. Oil Supply and the Impact on Global Markets

access  crude oil  energy information administration  oil supply  Energy 101  Economy  global markets 

Mark Green

Mark Green
Posted May 17, 2013

Increasing U.S. domestic production of oil matters. Energy Information Administration (EIA) chief Adam Sieminski had this analysis at an energy conference earlier this week (h/t Breaking Energy):

“There’s a fairly significant, long-standing relationship between spare production capacity in OPEC and what the pricing environment is for oil. So the 2 million barrel per day  increase in U.S. oil production that surprisingly took place over the last five years has resulted in higher OPEC spare capacity, and undoubtedly, has been a factor in why Brent oil prices are $103-$104/bbl rather than $125-$130/bbl.”

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Better Data for Better Decisions on LNG

department of energy  development  employment  lng exports  natural gas supply 

Erik Milito

Erik Milito
Posted March 15, 2013

Opponents of a free market for natural gas have been trumpetinga new study which purports to show that LNG exports would be an economic negative for the United States. This flies in the face of analysis done by the Department of EnergyThe Brookings InstituteICF International and others which showed that to boost economic activity open markets are the way to go. So we took a look at the study to figure out why their conclusions are not consistent with other industry or government projections. We found some serious biases and inconsistent assumptions added up to a fatally flawed report. Here are a few specifics.

The employment impact analysis is flawed because it assumes no incremental natural gas production.

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Crude Oil Demand, Gasoline Prices and Greater Energy Self-Sufficiency

supply  prices  gasoline  energy  demand  crude oil  access 

Mark Green

Mark Green
Posted February 22, 2013

Gasoline prices have been climbing. The U.S. Energy Information Administration (EIA) reports:

The average U.S. retail price for regular motor gasoline has risen 45 cents per gallon since the start of the year, reaching $3.75 per gallon on February 18. Between January 1 and February 19, the price of Brent crude, the waterborne light sweet crude grade that drives the wholesale price of gasoline sold in most U.S. regions, rose about $6 per barrel, or about 15 cents per gallon.

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The New York Times is Wrong – Again, and Again, and Again

access  anwr  demand  domestic energy  energy policy  federal lands  gulf of mexico  keystone xl  liquid fuel  offshore drilling  onshore drilling  supply  taxes 

Kyle Isakower

Kyle Isakower
Posted August 27, 2012

Ridiculing a New York Times editorial blog is like shooting unusually large fish in a barrel, but this one from last Friday is so fantastical and extreme that a commitment to an honest debate on energy compels me to fire away.  And we don’t have to go far to start the fact check, as they lead with:

"The simple truth, as President Obama has recognized, is that a country that holds less than 3 percent of the world’s reserves but consumes more than 20 percent of the world’s supply cannot drill its way to energy independence."

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