In this multi-part interview, NAPIA and Energy Directions President Mike Smolinski talks about oil demand, supply, price shocks, and a coming rebalance, with a detailed look at how today’s oil market fundamentals will affect U.S. oil and gas producers, oilservice companies and energy investors.
The warning for energy producers in Colorado came from Christopher Guith, senior vice president for policy at the U.S. Chamber of Commerce’s Institute for 21st Century Energy. Guith’s warning was delivered during a panel discussion with a group of oil and gas industry professionals, two U.S. congressmen, petroleum engineering students and professors at the Colorado School of Mines. The topic was “Lifting
A coalition of 27 states and industry groups had hoped to stop the EPA’s Clean Power Plan from taking action by filing a motion to stay in the District of Columbia circuit court. Today, the court announced that it has denied that motion and further ordered that consideration of the appeals “be expedited.” In its decision, the court said that
First a warning, then executive actions through the EPA, now a halt to coal mining leases on federal land Government policy can be used as a powerful industry killer. Ask the coal miners in Appalachia. In a 2008 speech candidate Obama warned that “if somebody wants to build a coal power plant it will bankrupt them because they’re going to be
Washington’s long-tenured bloodlines are apparent in the ongoing presidential race, as Bushes, Clintons and other familiar faces are once again heading into primary season. U.S. Senator Rand Paul’s name carries precedence on the footsteps of his father, Ron – an outspoken, 24-year Congress veteran who ran for the presidency three separate times (including receiving the Libertarian nomination in 1988). Both
“This is a major paradigm shift in how the State of Alaska conducts business” – Governor Walker Lower commodity prices have taken a major toll on states like Alaska that depend in large part on the revenue from selling oil and gas to fund the state budget. Because of the drop in oil prices since 2014, Alaska Governor Bill Walker
An end of the year reflection on oil prices, global demand and OPEC by Greg Barnett It’s Thursday morning, December 31, 2015. I’m not going to sugar coat it – it’s been a tough year. There have been family deaths, cancer scares, a heart attack, a huge Category 4 tornado that was too close for comfort, and a new granddaughter,
New Anti-Energy Development Initiatives Registered with Secretary of State Eleven initiatives aimed at Colorado’s oil and gas development were issued on December 22, 2015, marking the start of a new chapter in the Centennial state’s ongoing tug of war between the energy industry and neighboring communities. Eight of the proposed initiatives targeted setbacks for operations, but two of the measures are
27 States are Suing to Stop the CPP, Where do Things Stand? On August 3, 2015, President Obama and the U.S. Environmental Protection Agency announced the Clean Power Plan, which is described on the EPA website as “a historic and important step in reducing carbon pollution from power plants that takes real action on climate change.” The Clean Power Plan mandates the federal
Story by LA Times Congress gave final approval Friday to one of the most ambitious legislative packages in years, including a $1.1-trillion funding bill, nearly $650 billion in tax breaks and dozens of other policy initiatives. The measure now goes to President Obama, who is expected to sign it into law. The omnibus spending bill averts another shutdown and keeps the
Representatives from 11 states want U.S. Interior Department to explain why number of new federal leases issued has fallen by 57% in the past 8 years On Dec. 16, 15 U.S. congressmen delivered a letter to Janice Schneider, Assistant Secretary at the U.S. Department of the Interior, expressing serious concerns with the Bureau of Land Management’s repeated postponement of lease sales. In particular, the members
4 decades later, the U.S. prepares to lift crude oil export ban The United States Senate has passed a $1.15 trillion omnibus spending bill to keep the U.S. government up and running today. Included in the bill are several provisions concerning energy, one of which will be an end to the more than 40-year old crude oil export ban. The
