The US is now on track to become one of the world's major LNG exporters, the report notes... The report observes that shale gas also has made a major contribution to reducing US carbon dioxide emissions.
The US and Canada will need to invest a combined $791 billion, in real 2016 dollars, or an average $44 billion/year, for new natural gas, crude oil, and natural gas pipeline transportation systems from 2018 through 2035, the INGAA Foundation Inc. predicted in a new report.
Global energy consumption has essentially just begun: around 85% of the global population - 6 in every 7 humans - still lives in developing nations.
The impact of the production cuts by OPEC and its allies would have been even bigger if not for the gains in U.S. tight oil and natural gas liquids, which have grown by almost 2 million b/d since October 2016...
Given our country's much improved energy outlook, some may question why we're still importing crude oil and refined products.
As Americans hit the road this summer and gas prices are in the news, the Trump administration continues to seek a solution to what's proven to be a thorny issue - the Renewable Fuels mandate (RFS). Now more than a decade old, this is the law that forces more and more ethanol into our fuel supply.
American Petroleum Institute CEO Jack Gerard video interview on the impact of increasing tariff tensions on the U.S. energy industry. Description: American Petroleum Institute CEO Jack Gerard video interview on the impact of increasing tariff tensions on the U.S. energy industry. Interview on Fox Business.
Energy Secretary Rick Perry on Monday defended President Donald Trump's call to bolster struggling coal-fired and nuclear power plants, saying a rash of plant retirements is "alarming" and poses a looming crisis for the nation's power grid.
A diverse group of energy industry associations issued the following statement condemning the Administration's draft plan to bail out coal and nuclear plants across the country.
"We are deeply discouraged by the administration's actions to impose tariffs on our three closest trading partners - Canada, Mexico, and the EU - and view this as a step in the wrong direction," API Pres. Jack N. Gerard responded.
