The People of America's Oil and Natural Gas Indusry

Energy Tomorrow Blog

earnings  oil-companies  oil-company-earnings  revenue  downstream  upstream 

Jane Van Ryan

Jane Van Ryan
Posted November 6, 2009

Eighteen oil and natural gas companies had reported their third quarter 2009 earnings as of yesterday afternoon, and the results have been a mixed bag. Companies that focus on oil and natural gas production--also called the upstream sector of the business--experienced a better financial quarter than large integrated companies that have both upstream and downstream operations--refining and marketing. The companies that fared worst are in the downstream portion of the business, and some of them actually lost money. 

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climate-bill  climate-legislation  domestic-energy  energy-policy  epa34  jack-gerard  kerry-boxer  waxman-markey  senate-environment-and-public-works-comm 

Jane Van Ryan

Jane Van Ryan
Posted November 5, 2009

The Senate Environment and Public Works Committee today voted to send the Kerry-Boxer climate bill to the Senate floor without amendments. Only Democrats were in attendance for the vote, and Sen. Max Baucus (D-Mt.) voted against the bill, saying he would withhold his support contingent on the adoption of some pro-agriculture amendments. 

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climate-bill  climate-legislation  domestic-energy  energy-information-administration  energy-policy  kerry-boxer  waxman-markey 

Jane Van Ryan

Jane Van Ryan
Posted November 4, 2009

A recent poll shows that the more Americans learn about climate legislation, the less they like it. Especially when they realize that it will take money out of their pockets. 

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congressional-research-service  energy-reserves 

Jane Van Ryan

Jane Van Ryan
Posted November 3, 2009

Did you know that the United States has largest energy resources on Earth? You might be surprised to learn that a recent Congressional Research Service (CRS) report found just that. 

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climate-change-bill  climate-legislation  energy-policy  energytomorrow-radio  kerry-boxer-bill  refineries  waxman-markey-bill 

Jane Van Ryan

Jane Van Ryan
Posted November 3, 2009

In this episode, I interview Alan Gelder of Wood Mackenzie, who recently conducted a study on the potential impact of climate change legislation on refiners. 

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domestic-energy  horizontal-drilling  hydraulic-fracturing  natural-gas  technology-innovation  wall-street-journal 

Jane Van Ryan

Jane Van Ryan
Posted November 3, 2009

When energy consultant Daniel Yergin calls unconventional natural gas a "game changer," people listen. And in today's Wall Street Journal op-ed, Yergin and his colleague Robert Ineson of IHS Cambridge Energy Research Associates (IHS CERA) say that the ability to produce natural gas from shale could "transform the debate over generating electricity." 

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domestic-energy  energy-policy  haynesville-shale  horizontal-drilling  hydraulic-fracturing  natural-gas  supply  technology-innovation 

Jane Van Ryan

Jane Van Ryan
Posted November 2, 2009

"Remarkable" was the word used by Energy Information Administrator Richard Newell last week to describe the sharp rise in U.S. natural gas reserves. In a report issued by his agency last week, Newell noted that U.S. proven natural gas reserves rose 3 percent in 2008.

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climate-bill  climate-legislation  congress  energy  kerry-boxer  waxman-markey  environment-and-public-works-committee 

Jane Van Ryan

Jane Van Ryan
Posted October 30, 2009

The ongoing debate over the Kerry-Boxer climate bill has tended to focus primarily on two issues: the bill's potential costs and its proposed environmental benefits. But there are at least two other critically important items that have not been addressed adequately by the bill's sponsors. Both were mentioned briefly at yesterday's hearing before the Senate Environment and Public Works Committee hearing. 

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climate-bill  climate-legislation  congress  energy  environment-and-public-works-committee  kerry-boxer  refineries  waxman-markey 

Jane Van Ryan

Jane Van Ryan
Posted October 29, 2009

One of America's largest refiners told a Senate panel yesterday that climate legislation could force his company to shutter some U.S. refineries. Bill Kleese, president and CEO of Valero Energy Corp. (not a member of API) made his comments during the second day of the Senate Environment and Public Works Committee hearings on the Kerry-Boxer bill which proposes to reduce greenhouse gas emissions by 20 percent in 2020. The Kerry-Boxer bill would likely reduce U.S. refining jobs because refiners would be forced to pay billions of dollars for carbon credits. 

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