Tight Oil – Possibilities, Challenges, and Policy
EPRINC President Lucian Pugliaresi gave a presentation entitled “Tight Oil – Possibilities, Challenges, and Policy – Economic, Political and Environmental Issues” before the NCAC 16th Annual Washington Energy Policy Conference hosted by CSIS on April 3, 2012. His presentation can be downloaded here.
WSJ Opinion: Keystone Can Help the Gulf—and the Northeast
JANUARY 30, 2012
U.S. refiners could make great use of Canadian oil, if only Washington would let them.
Opposition to the Keystone XL pipeline comes in many forms. Former House speaker and current Democratic Minority Leader Nancy Pelosi suggested at a press briefing this month that the pipeline would have no value to the U.S.: “This oil was always destined for overseas. It’s just a question of whether it leaves Canada by way of Canada, or it leaves Canada by way of the United States.”
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American Fuels – Opportunities and Challenges for the U.S. Refining Industry
Preview from a Forthcoming EPRINC Report
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Rising production of domestic unconventional oil and gas production, alongside steadily growing Canadian oil sands shipments to American refiners, provides the U.S. economy with the potential for a sustained renaissance in the production of refined petroleum products. As early as 2016, U.S. and Canadian combined oil production, largely from technological advances in developing new unconventional resources, are likely to raise North American liquids output by 3 million barrels/day (b/d) above 2011 levels. Water borne crude oil imports into the North American continent likely will fall to 4 million b/d by 2016.
The upstream production gains provide an opportunity for stable earnings for U.S. refiners and higher production of the entire range of petroleum products, including gasoline, jet fuel, diesel, and the large array of products produced from crude oil and natural gas liquids. In the U.S. Gulf coast the leading edge of this renaissance is already here Read More >>>
Exports, Imports, and Energy Security
Keystone XL Pipeline and the Role of Canadian Oil Sands
EPRINC Briefing Memorandum
December 21, 2011
(Download PDF version for citations)
Over the past 18 months EPRINC has published several assessments on the economic benefits of the proposed Keystone XL pipeline. The project has been subject to an environmental review for the last three years with expectations a decision would be made by early 2012. However, the Obama Administration recently decided to delay a decision on whether to issue a permit for the pipeline until 2013 in order to evaluate an alternative route in Nebraska. Congressional concerns over further delays on the project are now generating legislative initiatives to accelerate a presidential decision on the project.
The pipeline is opposed by many environmental groups who seek to constrain further development of Canadian oil sands and view halting the pipeline as an effective strategy to do so. Opponents of the project also have raised concerns that the benefits of the project are over stated since rising shipments of Canadian oil sands to the U.S. Gulf Coast may also yield higher export volumes of refined petroleum Read More >>>
WSJ Opinion: The Keystone Debacle
November 16, 2011
The Keystone Debacle
Was Obama’s decision to delay the Canadian oil pipeline shrewd politics? Maybe not.
The U.S. decision to allow the Keystone XL pipeline to go forward should have been easy.
The pipeline would mean at least 20,000 new construction jobs. It would provide lower cost and reliable shipping opportunities for surging North Dakota oil production. Shipping petroleum from Canada’s oil sands to the Gulf of Mexico means refiners there would gain a ready replacement for declining supplies of Mexican and Venezuelan crude. Most importantly, it would reinforce expectations that massive and long-term North American infrastructure investments could proceed free of political risk.
And yet the Obama administration’s decision to delay the project, despite already extensive and positive environmental review, puts all Read More >>>
