Moderator: Jeff Smith
...WASHINGTON — President Trump moved assertively on Tuesday to further dismantle his predecessor’s policies as he revived the Keystone XL pipeline that stirred years of debate over the balance between the nation’s energy needs and efforts to stem climate change.
Former President Barack Obama rejected the proposed 1,179-mile pipeline in 2015, arguing that it would undercut American leadership in curbing the reliance on carbon energy. Mr. Trump signed a document clearing the way to government approval of the pipeline as well as for the Dakota Access pipeline in North Dakota..
MCL1981 wrote:Not every decision about everything in this country revolves around you and your train.
...VIENNA—OPEC’s back is against the wall and U.S. oil producers put it there.
The Organization of the Petroleum Exporting Countries and a coalition of other countries including Russia are poised to curtail oil production for at least another nine months when they meet here Thursday.
The truth is, OPEC has little choice but to extend the cuts initially approved in November to ease a global glut. It bet U.S. shale drillers would be too weak to step in and fill the void.
It was wrong.
The U.S. is likely to overtake Russia to become the world’s largest oil producer by 2023, accounting for most of the global growth in petroleum supplies, a top industry monitor said Monday.
U.S. crude production is expected to reach a record of 12.1 million barrels a day in 2023, up from 10.6 million a day this year, said the International Energy Agency, which advises governments and corporations on industry trends. American oil output will surge past Russia, currently the world’s largest crude producer at roughly 11 million barrels a day
One of the pioneers of the U.S. shale boom plans to deliver a surprising message at a major energy conference here this week: U.S. oil production won’t keep growing as fast as the market seems to think.
Mark Papa, the former chief executive of industry bellwether EOG Resources Inc, said in an interview he is eager to tell the assemblage of oil chieftains that a widely held view that shale-oil producers can quickly ramp up production, and sustain those levels if needed, is wrong
Rail companies will start shipping more western Canadian crude by mid-year, helping clear a glut that's devastated prices ...
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