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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.

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announcements,crude oil,Emissions,government programs,news,Press,Refining

Natural Gas Industry Fakes the Moon Landing

Three recent articles from the New York Times: “Behind Veneer, Doubt on Future of Natural Gas,” “S.E.C Shift Leads to Worries of Overestimation of Reserves,” and “Insiders Sound an Alarm Amid a Natural Gas Rush” have created considerable attention and commentary throughout the petroleum industry. A central theme in all of the articles is that the natural gas industry, investors, and policy makers have failed to understand the risky nature of the underlying fundamentals now underway in the domestic natural gas industry. Claims are also made that some in the industry have purposely misled the public on the potential of natural gas as a “game changer” in the U.S. fuel mix.

Natural Gas,production,Refining

WSJ Opinion: Keystone Can Help the Gulf—and the Northeast

OPINION

JANUARY 30, 2012

U.S. refiners could make great use of Canadian oil, if only Washington would let them.

Canadian Oil,energy policy,Keystone,Refining

Exports, Imports, and Energy Security

Keystone XL Pipeline and the Role of Canadian Oil Sands

EPRINC Briefing Memorandum

010612_2111_ExportsImpo3

crude oil,energy security,Keystone XL Pipeline,Refining

American Fuels – Opportunities and Challenges for the U.S. Refining Industry

Preview from a Forthcoming EPRINC Report

Download Document PDF (Include citations)

Download Accompanying Powerpoint Presentation (PDF format)

Rising production of domestic unconventional oil and gas production, alongside steadily growing Canadian oil sands shipments to American refiners, provides the U.S. economy with the potential for a sustained renaissance in the production of refined petroleum products. As early as 2016, U.S. and Canadian combined oil production, largely from technological advances in developing new unconventional resources, are likely to raise North American liquids output by 3 million barrels/day (b/d) above 2011 levels. Water borne crude oil imports into the North American continent likely will fall to 4 million b/d by 2016.

American Fuels,Canadian Oil Production,Natural Gas,Petrochemical Manufacturers,Refining

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