The Domestic Energy Producers Alliance is a nationwide collaboration of 15 coalition associations – from California to West Virginia, Texas to Montana – representing about 10,000 individuals and companies engaged in domestic onshore oil and natural gas exploration and production (E&P). We believe in seeking common ground, and in common sense solutions to the challenges that face us in our businesses, including our relationship with the federal legislative and executive branches of government. In only its fifth year, DEPA now represents a majority of the individuals and companies responsible for the current renaissance in American oil and natural gas production.
Washington, DC-based Brookings Institute published a new report September 9 in favor of lifting current US restrictions on the export of crude oil. The report [view] comes to the conclusion that discontinuing the export ban would help lower US gasoline prices for consumers, increase profits for producers and encourage more production on US soil - all of which are good for continued economic growth and productivity and American energy security.
This column will have a short shelf-life but I thought it would be interesting to provide our members with a television viewer’s guide to election night (Nov. 4th).
We all understand that control of the US Senate hangs in the balance.
The polls don’t all close at the exact same time because of the differences in time zones across the country. So, here is the state of play. All times are Eastern so you will have to convert them to the time zone where you are.
published in Investor's Business Daily 10/24/2014
We have heard the story before: political turmoil in the Middle East, disruption of global oil supplies by members of OPEC.
In the past, the unrest in Iran would be causing oil prices to spike up. Instead they have been falling by more than 25%. Gas prices at the pump have fallen to less than $3 a gallon in many markets.
That's quite a change from the past 40 years, when OPEC and other foreign oil producers have wielded oil as a political and economic weapon to slow down and even cripple the US economy.
Several days ago, DEPA received more good news from the Northern District of Oklahoma. (You may recall the court in late September denied the government’s motion to transfer our case to Washington, DC.) First, Judge Payne issued an order granting intervention to both the State of Nebraska and the New Mexico Department of Game and Fish, bringing the total number of plaintiffs in the DEPA lawsuit to seven.
Who knew that Vladimir Putin would emerge as the best friend of US domestic energy producers? His aggressive moves in Crimea earlier this year triggered a full-blown debate on energy exports. The debate around US energy exports to Europe have centered primarily on natural gas as the Ukrainian economy is disproportionately dependent on natural gas imports from Russia. The rest of Europe has grown similarly dependent on Russia as a source for natural gas. However, what is less talked about is the degree to which Europe is dependent upon Russia and the OPEC monopoly for oil.