New Senate Bill Proposes Lifting U.S. Oil Export Ban

us-senate

This past Tuesday, four Senators sponsored the American Crude Oil Export Equality Act (S. 1372) designed to lift the current export ban on crude oil. Introduced by Sen. Heidi Heitkamp (D-N.D.) and co-sponsored by Sen. Joe Manchin (D-W.Va), Sen. Bob Corker (R-Tenn) and Sen. Lisa Murkowski (R-Alaska), the bill has received bipartisan support in the […]

Low Oil Causing Some Producers to Innovate

innovation

As oil prices slowly creep back up, producers are turning to new innovations and techniques to maximize production from existing wells. According to the Energy Department, average daily production is trending higher than in 2014 with daily output targeted at 9.2 million barrels a day versus 8.7 million barrels a day last year. This isn’t […]

Are There Benefits to Low Oil?

eagle-ford-shale

When market conditions change and prices fall, news mostly focuses on the negatives impacts brought on by falling prices. With oil prices cut in half since the high in June 2014, it’s no different. During oil’s rise between 2009 and 2014, the shale oil industry flourished as exploration and production firms rushed to drill and […]

Is U.S. Influence on Global Oil Prices Increasing?

north-dakota-oil-wells

Since the beginning of March, West Texas Intermediate (WTI) oil price has risen almost 40 percent from its low of $42.03 on March 18, 2015. On Wednesday, WTI closed at $58.58 after hitting $59.33, the highest price since December 12, 2014. Analysts believe the price rally is due to leveling U.S. oil inventories as the […]

Oil Companies Exempt From California Water Restrictions

california-drought

On Wednesday, Governor Jerry Brown ordered the first statewide mandatory water restrictions for municipalities to cut their water usage by 25%. California is currently in the worst drought in 1,200 years, and officials have been working on way for citizens to cut down on their water consumption. Some people have been removing their lawns and replacing […]