Posts in Energy Security
- Yesterday we co-published a report with NRDC and Forest Ethics that busted the myth that the Keystone XL pipeline would lower gasoline prices for U.S. and Canadian consumers. It is actually more likely to raise prices by diverting oil from refineries in the Midwest, which are focused on serving the domestic market, to refineries on...
Continue reading 'TransCanada clings to Keystone myths'.
- In the last quarter of 2011, the majority (51%) of the two prime transport fuels produced in Port Arthur and Houston area refineries went to export markets, including 73% of gasoline and 40% of diesel.
- As the International Energy Agency warns that world oil markets face a “bumpy ride” in the months ahead, Barack Obama has being trying to defend his energy policies. His defence comes at a time when rising gas and energy production prices look increasingly likely to be become a key election issue in November, with his...
Continue reading 'US Oil Boom “Increases Energy Vulnerability”'.
- The hype surrounding the US gas industry continues to grow as America moves ever closer to its cherished dream of energy independence. Yesterday, Bloomberg reported that “the U.S. is the closest it has been in almost 20 years to achieving energy self-sufficiency, a goal the nation has been pursuing since the 1973 Arab oil embargo...
Continue reading 'The Hidden Danger of the Gas Boom'.
- New report by Oil Change International and Natural Resources Defense Council finds Keystone will increase price of oil in the Midwest.
- The oil boys from Houston must be wriggling with delight after President Obama’s official jobs council called for an “all-in approach” to energy policy that includes expanded oil-and-gas drilling as well as more pipelines. “We should allow more access to oil, natural gas and coal opportunities on federal lands,” argued the President’s Council on Jobs...
Continue reading 'A Road Map to Renewal or Ruin?'.
- More on the growing Iranian crisis. Brent crude is rising this morning due to worries over serious disruptions to the supply of crude after Iran warned its Arab neighbours of “consequences” if they raised oil output to replace Iranian loses through international sanctions. As the US has increased diplomatic pressure on countries that import Iranian...
Continue reading 'British LNG Imports at Risk in Gulf Crisis'.
- The American Petroleum Institute, along with Senator Lugar (R-IN), has grasped the recent threat of a crisis in the Strait of Hormuz as the perfect opportunity to peddle its misinformation about Keystone XL and U.S. energy security. The Strait of Hormuz is a narrow channel of ocean between Iran and Oman through which some 17...
Continue reading 'Keystone XL: playing the Iran card, ignoring the facts'.
- Yesterday’s presentation by American Petroleum Institute CEO Jack Gerard (right) was reported widely as the oil industry laying down the gauntlet for Obama to approve Keystone XL. The threat was indeed pretty clear. Gerard claimed President Obama would face “huge political consequences” if he denied the permit for the project. But the API’s agenda, which is clearly...
Continue reading 'The API doesn’t just threaten Obama, it threatens us all.'.
- Love it or loath it as the voice of business, you can say one thing about the Financial Times, it normally covers the energy beat with a reasonable degree of accuracy. That’s why is was so disappointing to read the latest misguided comment piece by the paper’s Washington columnist Edward Luce, in an article “Look...
Continue reading 'Don’t Look Away Now'.
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