Archive for the ‘News and Announcements’ Category
November 16, 2011
The Keystone Debacle
Was Obama’s decision to delay the Canadian oil pipeline shrewd politics? Maybe not.
The U.S. decision to allow the Keystone XL pipeline to go forward should have been easy.
The pipeline would mean at least 20,000 new construction jobs. It would provide lower cost and reliable shipping opportunities for surging North Dakota oil production. Shipping petroleum from Canada’s oil sands to the Gulf of Mexico means refiners there would gain a ready replacement for declining supplies of Mexican and Venezuelan crude. Most importantly, it would reinforce expectations that massive and long-term North American infrastructure investments could proceed free of political risk.
And yet the Obama administration’s decision to delay the project, despite already extensive and positive environmental review, puts all Read More >>>
September 30, 2011
The Lessons of the Shale Gas Revolution
North American oil production can double by 2035.
In response to a 2009 request from Secretary of Energy Steven Chu, the National Petroleum Council (NPC) reported earlier this month that oil production in North America could double by 2035—to 20 million barrels per day.
Where can all this oil come from? For one, the hydraulic fracturing (fracking) technique used in shale gas production is now being applied to extract oil. The vast oil reserves in Canada’s Alberta Province are increasingly being tapped. There is more oil to be had with greater access to federal lands in Alaska and the western U.S., and accelerated drilling in the deep waters in the Gulf of Mexico.
But to realize the enormous potential outlined in the Read More >>>
On March 17, 2011 EPRINC President Lucian Pugliaresi testified before the House Energy and Commerce Subcommittee on Energy and Power. His testimony was part of the subcommittee’s ”American Energy Initiative.”
His written testimony can be downloaded at www.eprinc.org/pdf/EPRINC-Testimony-March-17-2011.pdf
Hearing details can be found on the House Energy and Commerce website here
The archived webcast of the hearing can be downloaded from the committee’s website here
EPRINC’s economic analysis of the offshore deepwater drilling moratorium following the BP-Macondo spill was published in abbreviated form in the September, 2010 issue of ENI’s magazine Oil. The article can be downloaded as a PDF and the full issue can be accessed at Eni’s website.
EPRINC has created this page as a composite repository for its analysis of the BP Macondo spill. It can be accessed at http://www.eprinc.org/macondo. EPRINC will post its own analyses of the spill as well relevant primary and secondary documentation of interest.
EPRINC’s economic analysis of the offshore deepwater drilling moratorium following the BP-Macondo spill was published in abbreviated form in the September, 2010 issue of ENI’s magazine Oil. The article can be Read More >>>