Insufficient pipeline space prompted Canadian crude producers to increase crude-by-rail shipments, but a shortage of locomotives is keeping oil-by-rail terminals operating below capacity. Rail companies will likely resist adding more locomotives...
Declines in coal power plant construction in China, India and the U.S. are projected to push the heavily-polluting fuel over the edge - but not fast enough to meet international climate change goals, environmental groups said Wednesday.
Led by gasoline and seasonal demand for heating fuels, U.S. petroleum demand hit 20.3 million barrels per day in February.
Thirty-nine US senators urged the Trump administration to use all tools at its disposal - including a provision in the 2017 Countering America's Adversaries Through Sanctions Act (CAATSA) - to prevent construction of the Nord Stream 2 natural gas pipeline.
Atlantic OCS - $260 billion. Pacific OCS - $160 billion. Eastern Gulf OCS - $118 billion. Alaska OCS - $53.4 billion.
"Ultimately, the studies confirmed... opening the currently restricted areas would increase economic benefits, not only specifically for the coastal regions near the offshore development, but also nationally as well..."
"Interior should not be in the business of being an adversary. We should be in the business of being a partner,"
The shale revolution has altered geopolitical paradigms making the U.S. an ally of "all nations seeking energy security", according to Secretary of Energy Rick Perry.
Oil and natural gas aren't just fuels. They supply building blocks for pharmaceuticals; plastics in vehicle bodies... and complex composites in solar panels and wind turbine blades and nacelles. The USA was importing 65% of its petroleum in 2005, creating serious national security concerns. But fracking helped cut imports to 40% and the US now exports oil and gas.
A global energy group says booming production in the United States will meet most of the world's growth in demand for oil in the next few years.
