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Put America’s 'Spare' Oil Productive Capacity to Work

Global oil prices are driven by a ‘rule of thumb’ that suggests prices will go up when the spare capacity of oil available on any given day is less than 5% of expected global demand.  In today’s high priced oil market that swing in spare capacity is about 2%. This a big deal because traders worry about risk such as events in the Middle East, or with Iran or any other places that supplies oil.  Spare capacity or swing productive capacity is the volume of oil than can be delivered as a percentage …Continue Reading »

The Cushing Manifesto

"Right now, a company called TransCanada has applied to build a new pipeline to speed more oil from Cushing to state-of-the-art refineries down on the Gulf Coast.  And today, I am directing my administration to cut through red tape, break through bureaucratic hurdles, and make this project a priority."  --President Barack Obama That was the absolutely astounding message from President Obama in person in Cushing, Oklahoma taking credit for the decision by the pipeline sponsor to end run his …Continue Reading »

Is Bill Clinton in Hillary’s Doghouse over Keystone XL Pipeline?

Every husband has been there.  It is not a good place to be. But when you are the former President of the United States and your wife is the current Secretary of State charged with carrying water for her boss on the Keystone XL pipeline project, prudence suggests caution when exercising your First Amendment rights to ‘say whatever you please.’ As we all know, just because we have a right to our opinion does not mean we aren’t going to pay a price for privilege.  So why did Bill Clinton do …Continue Reading »

The Answer to Oil Price Spike Outrage is Right Before Our Eyes

Our world is in a ‘funk’---again over global oil price spikes caused by concerns about conflict between Iran and Israel drawing the US into a war, the continuing agony of Greek debt and its euro contagion, worries that China may have deeper economic problems than thought that will drag the global economy back into recession.  In other words, situation normal. But the situation is not normal in the US since we are in the midst of the primary election season and spiking oil prices is seen as a …Continue Reading »

Setting the Stage for Change: Big Picture Energy Trends

Technology and global competition are profoundly impacting our energy future.  The evidence is all around us in wind and solar energy advances, horizontal drilling and hydraulic fracturing creating a new North American oil and gas boom market, and the technologies driving smart grid, microgrids, and constant energy management. What are the forces of change taking place in energy today? Global competition for energy resources from emerging economies like China Struggle over energy policy and …Continue Reading »

Keystone XL is Politics XL

The decision by President Obama to reject the Keystone XL pipeline designed to bring Canadian oil to US Gulf Coast refineries was a surprise to no one.   Officially, the State Department said it rejected the project because the Republicans in Congress imposed a deadline of 60 days for review and decision on the project that was insufficient to allow consideration of the issues.  The rejection letter also invited the project sponsors to refile their application---after the election! For the …Continue Reading »

My 2012 Predictions

It is the time of the year when New Years Resolutions are made.  Usually these are personal goals like losing weight, exercising more, stop smoking, spend more time with family.   Business goals are not predictions, they require plans and action to make things happen.  As we head back to our usual routines in the new year we will set some of each of these resolutions. But 2012 is an important national election year in the United States and the stakes are high for the candidates and for our …Continue Reading »

Canada to US: You are Not the Only Hot Date for Keystone XL party!

Now we've heard the Canadian response to US Keystone XLPipeline delay: Sell it to China! That was the essence of the headline in the Wall Street Journal story November 25, 2011 about growing calls by Canadian politicians and energy executives to build pipeline infrastructure from Alberta to the BC Pacific coast line to connect to export terminals.  Why would they do this? The Obama Administration wants it both ways on the Keystone XL pipeline.  It did not want to enrage environmental …Continue Reading »

Keystone XL Pipeline Decision Put Off until After the 2012 Election

President Obama decided to delay a decision on the$ 7 billion Keystone XL Pipeline expansion running from Alberta to the Gulf coast until after the 2012 Presidential election.  The State Department technically has the lead role in approval of the pipeline construction permit since it crosses the Canadian border.  In a statement the State Department said it needed more time to review alternate routes out of an abundance of caution over the groundwater risk to the Ogallala Aquifer of any oil spill …Continue Reading »

America is Fracking Back at the US EPA Restoring Our Energy Mojo!

While the US EPA declares virtual war on coal and other fossil fuels with a deluge of new regulations designed to advance the industrial policy of choosing clean energy winners by turning real energy performers into losers, a funny thing is happening across America. America is fighting back---and winning! The United States imported only about 49% of the petroleum in 2010 and our dependence upon imports continues to fall. According to the Energy Information Administration net imports of oil and …Continue Reading »