In The News

Wednesday, 01/07/2015

January 6, 2015 – Reuters 

High Noon on the Gulf Coast: Canada, Saudi Oil Set for Showdown

By: Catherine Ngai

As a test of wills between OPEC nations and U.S. shale drillers fuels a global oil market slump, a brewing battle between Canadian and Saudi Arabia heavy crudes for America's Gulf Coast refinery market threatens to drive prices even lower.

While the stand-off between the oil cartel and U.S. producers of light, sweet shale oil has captured the limelight in recent months, the clash over heavier grades - playing out in the...

Wednesday, 01/07/2015

January 6, 2015 – The Boston Globe

The pointless fight over Keystone 

By Joshua Green

On Wednesday, Republicans will inaugurate the new Congress by taking up a Senate bill to approve the Keystone XL pipeline that would connect oil producers in Western Canada to US refineries on the Gulf Coast. The House will vote on Friday. In the six years since TransCanada Corp. first sought US approval to build the pipeline, the debate over Keystone has, somewhat strangely, become one of the central fights in US politics. It’s about to get even...

Monday, 01/05/2015

January 2, 2015 – The Wall Street Journal 

Fracking in Nearby States Benefits New York

By: Joseph De Avila

Heating Prices Unlikely to Increase Amid State’s Ban on the Gas-Extraction Technique

New York Gov. Andrew Cuomo’s decision to prohibit hydraulic fracturing followed a realignment in the state’s natural-gas distribution system that made the ban unlikely to drive up heating prices for average consumers.

That is because the state already was benefiting from the boom in natural-gas production in Pennsylvania, as new...

Monday, 12/22/2014

December 2014 – Energy Metro Desk 

Production Trends

By: Rusty Braziel

Until recently things were good in the oil patch. From 2010 until Halloween 2014, the price of crude oil averaged $93/bbl. Crude oil producers drilling in the shale plays could make a lot of money at $93/ bbl crude, and they did. Gas prices may have been in the doghouse relatively speak- ing, averaging less than $4/MMbtu over the same period of time. But no problem for most producers. Everybody has been drilling for crude or they have been going for rich gas – that...

Friday, 11/14/2014

November 14, 2014 – Bloomberg 

Keystone Left Behind as Canadian Oil Pours Into U.S.

By: Robert Tuttle

Delays of the Keystone XL pipeline are providing little obstacle to Western Canadian oil producers getting their crude to the U.S. Gulf Coast, with shipments set to more than double next year.

The volume of Canadian crude processed at Gulf Coast refineries could climb to more than 400,000 barrels a day in 2015 from 208,000 in August, according to Jackie Forrest, vice president of Calgary-based ARC Financial Corp. The increase...