Policymakers have long been concerned with the impacts of energy imports on U.S. trade, especially beginning in the late 1950s as the country moved to negative energy trade imbalances. Despite attempting to remedy these imbalances, they exacerbated the 1970s energy shortages creating ongoing concerns of potential future vulnerabilities.
However, beginning in the 2000s, new extraction technologies knowing as hydrofracking were applied to shale geological formations. With innovation and enhancements these technologies have led to a resurgence of U.S. crude oil and natural gas production.
This resurgence is broadly visible in a variety of realms. With respect to U.S. trade, the U.S. energy trade balance began moving from a deficit to a surplus in late 2018. Where during 2010, the U.S. reported a $20-plus billion monthly deficit, which breached $30 billion in 2012, the bounty of U.S. energy production has caused the balance to rise to a current $9.5 billion surplus with the trend continuing upward
Larry Goldstein’s recent commentary on federal income taxes and whether the rich are paying their fair share. Larry’s comments can be found at the following link.
I never thought I would say this, so I won’t. I’ll Write it. I’ve always believed that sunshine is the best antiseptic. You could never have too much transparency. That is until I met this FED. “We’re going to raise rates, but we’re data dependent” “ We are going to raise rates soon”. I guess it depends upon the meaning of what soon is. (I’m coming to believe it’s sooner or later). They’ve been telling us that for more than six quarters… THE FED DECISIVELY INDECISIVE (5/28)
In economics, there are plenty of dilemmas and challenging questions. As analysts, we are fortunate that oil markets present most of them. Nevertheless, understanding why prices move up or down is essential if we are to evaluate government policy. Clearly, prices move as buyers and sellers respond to signals. But this is only a part of the story. Analysts have been missing and misreading fundamental signals in both the oil and global economic markets.
EPRINC-LarryGoldstein-RightMusicWrongKey-20160420.pdf
EPRINC President Lucian Pugliaresi underscores the economic and GHG-mitigation of natural gas and U.S. LNG exports in this recent Breaking Energy Op-Ed.
The Op-Ed can be found here:
http://breakingenergy.com/2016/04/06/the-u-s-government-should-support-natural-gas-exports/
Trisha Curtis, formerly with EPRINC, recently presented at an OPEC/IEA/IEF Workshop.
Lucian Pugliaresi testified before the U.S. Senate Committee on Environment & Public Works on February 24, 2016. The topic was the Renewable Fuel Standard.
There were a series of follow-up questions from Senator Deb Fischer of Nebraska. Lucian Pugliaresi and Max Pyziur prepared answers for the record.
A copy of the testimony can be found here: https://eprinc.org/wp-content/uploads/2016/03/Testimony-before-EPW-on-RFS-Feb-24-2016.pdf
A copy of the follow-up questions and responses can be found here: https://eprinc.org/wp-content/uploads/2016/04/ResponseToQuestionsFromSenatorDebFischerApril2-2016.pdf
Both the testimony and the responses to Senator Fischer will be part of the official record of the Senate.
EPRINC’s work on the Corporate Average Fuel Economy (CAFE) standards continues to get attention.
The Oil & Gas Journal published an abridged version of Lucian Pugliaresi and Max Pyziur’s work on the topic in both their print and digital editions on April 4, 2016.
“All-Of-The-Above. …”
… But what about below?
EPRINC has just published CAFE, Gasoline Prices and the Law of Diminishing Returns: A New Agenda for the Midterm Evaluation. The paper was authored by EPRINC’s Lucian Pugliaresi and Max Pyziur.
On February 24, 2016, Lucian Pugliaresi testified before the Senate Committee on Environment& Public Works on the Renewable Fuel Standard.
Larry Goldstein, former President and Director at EPRINC continues to carefully following US employment trends.
Trisha Curtis presented her paper on shale production in a low-price environment at the Oxford Institute for Energy Studies.
Trisha Curtis presented her paper on shale production in a low-price environment at Stanford University.
Trisha Curtis made a presentation to the Global Leadership Conference of the Society of Automotive Engineers in Greenbrier, West Virginia in early October.
On November 16th the Wall Street Journal opened up the debate on the future of the Strategic Petroleum Reserve.
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