The American Petroleum Institute's (API) 2017 State of American Energy report made a clear statement: energy is everything.
The United States is the world's largest consumer of oil, using more than 19.4 million barrels a day in 2015. This high level of consumption wouldn't be possible without the 2.5 million mile network of pipeline used to transport the fuel from its source to the market.
President Barack Obama on Tuesday (Dec. 20) designated the bulk of U.S.-owned waters in the Arctic Ocean and certain areas in the Atlantic Ocean as indefinitely off limits to future oil and gas leasing.
Global population growth of nearly 2 billion, a doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are all expected to contribute to energy demand growth of about 25 percent from 2015 to 2040, according to ExxonMobil's 2017 Outlook for Energy: A View to 2040.
The index employs 37 different energy security metrics in four major risk areas: geopolitical, economic, reliability, and environmental.
President Trump plans on lifting restrictions on the production of domestic energy resources, including shale oil, natural gas and clean coal. Second, he has pledged to lift regulatory roadblocks established by the Obama administration to allow important energy infrastructure projects...
"It is getting hard to build major new infrastructure projects in America..."
"The bridging energy source, I think, is gas,"revealing the sort of thinking U.S. environmentalists often condemn.
A vast field of shale rock in West Texas could yield 20 billion barrels of oil, making it the largest source of shale oil the U.S. Geological Survey has ever assessed, agency officials said.
Global oil demand won't stop growing before 2040 despite pledges made at the Paris climate change summit last year to cap greenhouse-gas emissions, the head of the International Energy Agency said (WSJ subscription required).