The first shipment of crude oil made by the Theo T following the end of the crude oil export ban The first shipment of crude following the lifting of the crude oil export ban was made last week. ConocoPhillips (ticker: COP) and NuStar (ticker: NS) announced that they loaded what the companies believe to be the first export cargo of
Technological advances in the oil and gas industry have reformed the United States economy, but government policies are preventing the business sector from reaching its full potential. That is the assessment of the Business Roundtable, based on a 31-page report released on November 17, 2015. “Powering Forward; North America’s Energy Resurgence” began by detailing the tremendous leaps accomplished by the
Press Secretary Takes Jabs at Republicans, Energy Subsidies in Media Briefing The crude oil export ban, a hot topic among industry and American security pundits alike, appears likely to land in the House of Representatives this month. The efforts are a welcome sign for an oil and gas sector that is estimated by Moody’s to generate negative cash flow of
Senate Committee on Energy and Natural Resources seeks to end crude export ban The U.S. Senate Committee on Energy and Natural Resources (ENR) passed a bill that would end the ban on the export of U.S. crude oil yesterday by a vote of 12-10, largely along party lines, reports Reuters. Now that the bill has made it through the ENR,
The EIA released a report showing its expectations for the refining sector based on U.S. oil production and whether or not crude oil export laws are reversed How increased production and U.S. export laws might affect refiners has been a topic of considerable debate, so much so in fact that the Energy Information Administration (EIA) decided that not only would
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