The Friday afternoon before Christmas, the Obama Administration announced its long expected offshore oil and gas leasing program for 2017 – 2022. Perhaps unsurprisingly given the timing of the statement, the decision was a controversial one; both of the Arctic leases in the proposed plan had been cut, leaving the Gulf of Mexico and Alaska’s …
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Earlier today in Vienna, members of the Organization of the Petroleum Exporting Countries (OPEC) agreed to cut daily production from 33.7 to 32.5 million barrels per day, a net decrease of 1.2 million barrels per day. But is it too little too late, will countries notorious for disregarding production limits actually toe the line, or does the …
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Brigham McCown discusses the current state of rail safety, after the recent Hoboken train crash. Listen to the whole interview here.
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When it comes to job creation, both candidates suggested this evening that investing in companies and infrastructure is important. Both candidates also suggested that trade is of vital importance to the economy. Trade itself is dependent on infrastructure and the energy utilized to move goods across oceans and across the neighborhood. With respect to investing, …
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The importance of energy storage has been widely discussed as the international community pivots to renewable energy generation. Despite talk of innovative power storage, advances in battery power which charge most mobile devices today are often over-looked. Virtually every handheld device runs on battery power, from the dry cell AA batteries in remote controllers to …
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Brigham McCown talked about oil train derailments and pipeline spills and the debate over which mode of transportation is safest.
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The federal government ordered a halt to work on a $3.8 billion four-state oil pipeline in the Upper Midwest on Friday, handing a temporary victory to the Standing Rock Sioux tribe and other opponents of the project. The unusual move by three federal agencies immediately followed a federal judge’s ruling denying an injunction sought by …
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A victory for the Standing Rock Sioux and environmentalists came Friday, as the government called for a pause in work on the Dakota Access pipeline. The announcement came shortly after a federal judge had ruled that construction could continue. “We don’t know what the implications are, other than that it’s going to have a huge …
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With the U.S. government siding in favor of Native American protests against a key North Dakota pipeline, local oil producers and shippers are facing the possibility of greater delays in getting a quick route to ship oil to the Gulf of Mexico. On Friday, following ongoing protests from environmentalists and Native American tribes, the U.S. …
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Canada’s largest pipeline company just got even bigger. Early Tuesday morning, Enbridge announced its acquisition of Houston based Spectra Energy in an all-stock deal valued at $28 billion USD (C$37 billion). Each Spectra Energy share will be swapped out for 0.984 shares of the new joint company, which according to CNBC is equivalent to $40.33 …
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