‘We have more oil and natural gas than anyone thought possible even 5 years ago.’
The domestic oil and gas supply picture is better than it’s been in a generation, and it’s getting better every day. That’s not just my opinion; it’s also the conclusion of Adam Sieminski, chief administrator of the Department of Energy’s Energy Information Administration (EIA), the government’s one-stop shop for all statistics related to our nation’s energy production and consumption. Sieminski was interviewed by Platt’s Energy | Read More »
Post-Mortem for the Ethanol Tax Credit
A couple of weeks back, my boss asked a question that I could not immediately answer: The ethanol tax credit expired on December 31. The price of ethanol should have gone up afterward. Did it? How much has that affected the price of gasoline? I turned to my friends at the American Petroleum Institute for help. Their surprising answer, in part: API declined to answer | Read More »
The Inside Skinny on Offshore Regulation
Amidst the puffing, pontificating and finger-pointing in the aftermath of the Deepwater Horizon disaster, two large questions loom: Who will the Feds hold accountable? How can our government assure us that a big oil spill will never happen again? Quick answers, with a caveat (I’m an engineer, not a lawyer): BP, as operator. They can’t, and we should not expect them to.