Helping America Navigate a New Energy Reality

Archive for January, 2017

John Kemp, Reuters energy columnist, on Trump administration’s pipeline approval policies

By on 30 Jan 2017 in quotes with 0 Comments

“The blunt reality for the Trump administration is that there is no way to make pipeline approvals conditional on the use of U.S. steel without undermining the goal of fair market access for U.S. exporters.”

John Kemp, Reuters energy columnist

Continue Reading »

Peak Oil Review – 30 Jan 2017

By on 30 Jan 2017 in Peak Oil Review with 0 Comments
Peak Oil Review – 30 Jan 2017

Prices moved slightly higher last week as the markets continued to watch the decline in oil production by most OPEC members and a few other exporters interested in seeing oil move higher. The evidence continues to accumulate that progress is being made in achieving OPEC’s 1.8 million b/d cut. In addition to a number of OPEC luminaries who assured the world that the cuts are happening and that the markets would be balanced shortly, tanker-tracker Petro-Logistics said that its information indicates that OPEC will reduce its supply by 900,000 b/d in January. This number does not include 11 non-OPEC members that are also supposed to be cutting production 600,000 b/d. The CEO of Petro-Logistics which has been monitoring tanker movements for 30 years said this suggests “a high level of compliance thus far.”

Continue Reading »

Paul Frankel, economist, on the nature of the petroleum industry

By on 23 Jan 2017 in quotes with 0 Comments

“The basic feature of the petroleum industry … that matters most is that it is not self-adjusting.” The industry has “an inherent tendency to extreme crises” and “hectic prosperity is followed all too swiftly by complete collapse.”

Paul Frankel, economist, “Essentials of Petroleum,” 1946 (from energy columnist John Kemp)

Continue Reading »

Peak Oil Review – 23 Jan 2017

By on 23 Jan 2017 in Peak Oil Review with 0 Comments
Peak Oil Review – 23 Jan 2017

Three themes dominated the oil news last week. 1. Will OPEC with Russian help succeed in cutting production enough to rebalance the oil markets and move prices significantly higher? 2. Will the US oil industry rebound so vigorously as to offset the OPEC cuts? 3. And finally what will the be the impact of all the new energy policies the Trump administration is beginning to implement?

Continue Reading »

President of American Petroleum Institute on the regulatory environment impacting the petroleum industry

By on 9 Jan 2017 in quotes with 0 Comments

“We must break from the recent past [and] re-examine the regulatory onslaught of the last few years that has proposed or imposed some 145 regulations and other executive actions on our industry, and instead work to implement smart energy regulations.”

Jack Gerard, President, American Petroleum Institute

Continue Reading »

Peak Oil Review – 9 Jan 2017

By on 9 Jan 2017 in Peak Oil Review with 0 Comments
Peak Oil Review – 9 Jan 2017

For the last month oil prices have been stuck in a trading range in New York of between $52 and $54 a barrel. In London, oil has been trading two or three dollars higher. After a 30 percent jump in the last six weeks of 2016 in response to the OPEC production freeze, prices have stabilized as the markets wait to see the degree of compliance with the pledged production cuts. It may take several months to establish a clear trend as so many nations are involved in the cut. While a few countries, particularly the US, publish oil production and inventory statistics weekly, others do a poor job of collecting statistics. A few release incorrect production numbers they know to be untrue for a variety of political reasons.

Continue Reading »

California Governor Jerry Brown on California’s contribution to mitigating climate change

By on 2 Jan 2017 in quotes with 0 Comments

“California can make a significant contribution to advancing the cause of dealing with climate change, irrespective of what goes on in Washington. I wouldn’t underestimate California’s resolve if everything moves in this extreme climate denial direction. Yes, we will take action.”

California Governor Jerry Brown

Continue Reading »

Peak Oil Review – 2 Jan 2017

By on 2 Jan 2017 in Peak Oil Review with 0 Comments
Peak Oil Review – 2 Jan 2017

Most of the discussion last week focused on the year just past and what 2017 will bring. Oil prices barely moved during the holiday week closing out the year at $53.72 in New York and $56.82. During 2016, however, US futures closed up about 45 percent for the year and London about 52 percent. It was quite the year for the oil industry with prices ranging from $30 to $55 a barrel; the election of fossil-fuel-friendly Donald Trump to the US presidency; and the OPEC/Russia production cut agreement deemed responsible for the record price rebound during the year.

Continue Reading »

Top