Not exporting U.S. crude oil is leaving billions of dollars on the table to be scooped up by Saudi Arabia and Russia, oil and gas interests said at a Texas House joint committee hearing Monday where lawmakers considered resolutions urging Washington to set U.S. oil free and hasten export approvals for liquefied natural gas (LNG).
Domestic
Articles from Domestic
Benefits of Canada’s LNG Tax Break Widespread, Industry Group Says
The Conservative government in Ottawa won high praise Friday from industry for a tax break for liquefied natural gas (LNG) plants that is forecast to help a little-known but widespread branch of domestic utility services as well as export schemes.
February 20, 2015
ConocoPhillips CEO Trumpets Expanding Domestic Crude Exports
The United States could sustain strong economic growth, add more jobs and improve global energy security by expanding crude oil exports, ConocoPhillips CEO Ryan Lance said Wednesday.
January 15, 2015
U.S. Oil Exports Would Lift All Boats, IHS Says
Opening the spigot on U.S. oil exports would stimulate production, lower domestic prices for gasoline and create nearly one million jobs, according to a new study by energy industry-friendly consultancy IHS Inc.
May 30, 2014
U.S. LNG Exports Take Center Stage at House, Senate Hearings
Lawmakers in both houses of Congress took up the issue of liquefied natural gas (LNG) exports from the United States in separate hearings on Tuesday, and aired discussion of a House bill that could fundamentally change the way the Department of Energy (DOE) grants approval to export to non-free trade agreement (FTA) countries.
March 25, 2014
BP Takes Up Gauntlet in U.S. Onshore
With one-third of its global energy reserves in the U.S. onshore, BP plc is preparing to do battle with shale-focused independents by separating its domestic operations, management said Tuesday.
March 4, 2014
Crude Export Barrier Is Permeable, Lawyer Says
It is unlikely that the Obama administration will allow the wholesale export of U.S. crude oil, but there is more wiggle room under current law to allow for incremental and/or targeted export of domestic crude than many realize, an energy lawyer told a Houston audience.
January 23, 2014
U.S. Rapidly Energy Self-Efficient on Shale, Tight Resources, Says BP
Produced volumes of U.S. shale gas will be bigger than conventional gas resources ever were or will be, BP plc’s chief economist said Wednesday.
January 15, 2014
U.S. Chamber Puts 2014 Focus on Domestic Energy, Exports
The U.S. Chamber of Commerce said Wednesday one of the “key parts” of its 2014 strategy is to “advance and protect America’s energy revolution” through the production of more domestic energy, the improvement of infrastructure and the modernization of the government’s regulatory process.
January 9, 2014
U.S. Net Oil Independence Possible by 2020, Says Raymond James
The United States is on track to become net oil independent by 2020, if production continues on its current path in the Permian and Williston basins, and in the Eagle Ford, Raymond James & Associates Inc. analysts said Monday.
October 1, 2013
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