As oil prices recover from the lows of 2014, US shale producers face a choice: continue to invest in record production or start returning cash to investors who helped them weather the downturn.
(Mon, 05 Feb 2018) China surpassed the United States in annual gross crude oil imports in 2017, importing 8.4 million barrels per day (b/d) compared with 7.9 million b/d for the United States. China had become the worldâs largest net importer (imports minus exports) of total petroleum and other liquid fuels in 2013.
Perhaps he will finally take them seriously to impress midterm voters. If so, there are many good ideas to consider.
Don’t let the trillion-dollar price tag fool you. It’s a gift to the Davos class, not the American worker.
(Fri, 02 Feb 2018) In July 2017, Californiaâs state legislature passed assembly bill (AB) 398 to reauthorize and extend until 2030 the stateâs economy-wide greenhouse gas (GHG) reduction program. The bill sets a new GHG target of at least 40% below the 1990 level of emissions by 2030. As of 2015, about 86% of Californiaâs GHG emissions were related to the consumption of energy.
There is no question that China is combining industrial and environmental policies in a way that is more radical than most, if not all, Western governments.
The commoditization of the global LNG market has had implications across several associated industries, ranging from the gas-fired power sector to seaborne gas transportation.
(Thu, 01 Feb 2018) U.S. crude oil production reached 10.038 million barrels per day (b/d) in November 2017, according to EIAâs latest Petroleum Supply Monthly. Novemberâs production is the first time since 1970 that monthly U.S. production levels surpassed 10 million b/d and the second-highest U.S. monthly oil production value ever, just below the November 1970 production value of 10.044 million b/d.
The proposal received a cool reception from Democrats, who disagree with the president over how to finance the nation’s ailing roads, bridges and other infrastructure.
He would probably do it the wrong way. But done right, it could be a great idea.
