Search Results for oil
103 item(s) were returned.
Discussion

Can the US Phase Out Fossil Fuel Subsidies?

Author(s): Han Chen
International Climate Advocate, Global Advocacy, International Program
Natural Resources Defense Council
Date: June 25, 2018 at 2:13 PM

The use of fossil fuels drives climate change. Unfortunately, the path to clean sources of electricity, heat, and transport is impeded by the continued government subsidization of fossil fuels. In our recent Scorecard measuring the US against other G7 countries on progress in eliminating fossil fuel subsidies, the US ranked last, spending over $26 billion a year to prop up fossil fuels. Fossil fuel subsidies waste money and come at the expense of public health, local communities, and the climate. The US still provides subsidies for fossil fuel exploration, mining, production, and consumption. The US subsidizes more oil and gas… [more]

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From 6% to 90% — The New Offshore Drilling Plan

Author(s): Lorena Roque
MPP Candidate
George Washington University
Date: June 4, 2018 at 9:44 AM

In January, the Bureau of Ocean Energy Management (BOEM) released its “America-First Offshore Energy Strategy,” as part of the 2019-2024 National OCS Oil and Gas Leasing Draft Proposal Program (DPP). While the Obama Administration’s 2017-2022 program opened up only 6% of total outer continental shelf (OCS) acreage to resource exploration and development, the 2019-2024 Program proposes to open up approximately 90%. The BOEM estimates the U.S. OCS has about 90 billion barrels of undiscovered oil and 327 trillion cubic feet of undiscovered, natural gas. If implemented, the 2019-2024 DPP would dramatically expand America’s capacity for offshore oil and gas drilling,… [more]

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Argus White Paper: Rockies crude trading at Cushing — Increased transparency for US light tight oil

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: October 12, 2016 at 3:36 PM

Full Title: Argus White Paper: Rockies crude trading at Cushing — Increased transparency for US light tight oil  Publisher(s): Argus Media Publication Date: 2016 Full Text: ->DOWNLOAD DOCUMENT<- Description (excerpt): In spite of falling US crude output, Argus has continued to identify new opportunities to lend transparency to crude oil values at major trading hubs in the US market. Having introduced a price assessment for WTI Houston in February of 2015, Argus initiated a daily price for Canadian heavy WCS at Houston in early 2016. Now, as infrastructure has developed sufficiently to support spot trade of Rockies and North Dakota crude streams… [more]

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Should We Use the Strategic Petroleum Reserve as a Revenue Stream?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: December 3, 2015 at 12:00 PM

The U.S. currently maintains one of the world’s largest stockpiles of government owned oil, the Strategic Petroleum Reserve (SPR). In response to the 1970s oil embargo and supply shocks, the U.S. created the SPR to ensure access to oil in the event of a severe energy supply interruption. The current SPR consists of four storage sites, housing 694 million barrels of oil that is equivalent to at least 90 days of net oil imports. The SPR has only been tapped three times, but the recent budget deal provides that the government sell 58 million barrels of oil to fund a… [more]

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Low Oil Prices: Opportunity or Barrier for U.S. Industry?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: September 28, 2015 at 11:00 AM

Crude oil prices have dominated headlines and industry attention over the past year. In 2014 and continuing in 2015, the Organization of the Petroleum Exporting Countries (OPEC) agreed to unconstrained output for it 12 member countries, resulting in a dramatic increase in global oil supply. Meanwhile, China and Europe’s demand for oil has remained relatively steady. In addition, U.S. domestic production nearly doubled since 2008, decreasing domestic imports and leaving more oil on the global market. As a result, oil prices fell from $90 per barrel in 2014 to $46 per barrel today and projections indicate prices between $30 and $60 per barrel… [more]

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What Will EPA’s Ozone Rule Mean for the Energy Sector?

Author(s): Mark Drajem
Editor
Bloomberg's First Word Energy
Date: September 1, 2015 at 8:00 AM

After years of discussion and delay, the Environmental Protection Agency (EPA) is set to finalize ozone standards in the coming weeks. It’s a rule long in the making: EPA’s decision during the Bush administration to set the standard at 75 parts per billion was challenged in court by health and environmental organizations as insufficient. At the beginning of the Obama administration, the EPA said it would reconsider the standard, but that initiative was tossed out by President Obama in the lead up to 2012 election. The move summed up the discord between the president and environmentalists in his first term.… [more]

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What’s on the Fall Congressional Agenda?

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: August 10, 2015 at 12:00 PM

While the Clean Power Plan has attracted a great deal of attention in recent weeks, a number of Congressional initiatives may well be the focus of the fall legislative session. With both the House and Senate considering what would be the first comprehensive energy packages since 2007, energy promises to play a prominent role when the congressional session resumes in September. A few potential initiatives include: Senate Energy and Natural Resource (ENR) Committee: ENR passed the Energy Policy Modernization Act of 2015. The bipartisan bill includes five titles focused on Efficiency, Infrastructure, Supply, Accountability and Conservation. House Energy and Commerce… [more]

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Discussion

Drilling in the Arctic

Author(s): Robert Grant
Director of International Public Policy and Advocacy
Global Innovation Policy Center, U.S. Chamber of Commerce
Date: July 28, 2015 at 8:00 AM

In June, Shell kicked off its controversial Arctic program to conduct exploratory operations in the Chukchi Sea and the Arctic Ocean. Shell plans to drill two wells beginning in August 2015, when ice clears. Shell initially purchased leases to drill in the Arctic in February 2008 from the Bush Administration’s Interior Department, leases that have been repeatedly endorsed by the Obama Administration, most recently in March 2015. The success or failure of these operations could significantly affect future efforts to explore for hydrocarbons in the region. Shell previously abandoned its Arctic exploration program in the 1990s due to high comparative… [more]

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American Fuel and Petrochemical Manufacturers

Author(s): OurEnergyPolicy.org
Administrator
OurEnergyPolicy.org
Date: July 21, 2015 at 4:39 PM

American Fuel and Petrochemical Manufacturers (AFPM) represents more than 400 companies that encompass virtually all U.S. refining and petrochemical manufacturing capacity. Refiners and petrochemical manufacturers make modern life possible by using advanced technology to produce the energy and essential products that we use every day. Our members keep America moving and growing as they meet the needs of the nation, its families, businesses, and local communities, strengthening economic and national security, and supporting nearly 2 million American jobs.

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Discussion

Preparing the Next Generation of Energy Leaders

Author(s): Gernot Wagner
Lead Senior Economist
Environmental Defense Fund
Date: June 16, 2015 at 8:00 AM

What determines the cost of a ton of coal? Is OPEC an oligopoly? Should we subsidize low-carbon energy or tax fossil fuels? Do Prius owners drive more? These are among the questions I cover in my Economics of Energy class. I’ve taught this class at Columbia University’s School of International and Public Affairs for the past five years. I hope to receive your feedback on how to improve this course. The course has two goals: to provide a set of tools to approach these and many other fundamental questions in energy economics, and to do so in plain English. Last… [more]

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