Tag: US oil
Refinery Closures Present Risk for Higher Gasoline Prices on the West Coast
California is set to lose 17% of its oil refinery capacity over the next 12 months because of two planned refinery closures. If realized, the closure of the facilities is likely to contribute to increases in fuel price volatility on the West Coast. Phillips 66 announced plans last October to close its … [continued]
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Energy Independence From The USA Is Coming For Much Of The World
It’s Independence Day here in the United States, which commemorates the ratification of the Declaration of Independence (from England) in 1776. What proceeded was millions upon millions — sorry, hundreds of millions — of immigrants coming to the United States in the next couple hundred years … and then Americans … [continued]
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Shale’s Self-Inflicted Crisis: Wastewater Injection Is Sinking Profits
The shale industry is facing an entirely predictable consequence of its own making. Across major shale-producing basins, particularly East Texas and the Permian, excessive wastewater injection practices have created areas with extreme overpressure, driving up the cost of new drilling operations and threatening the economic viability of shale production in … [continued]
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How Has U.S. Energy Use Changed Since 1776?
In 2024, the United States consumed about 94 quadrillion British thermal units (quads) of energy, a 1% increase from 2023, according to our Monthly Energy Review. Fossil fuels—petroleum, natural gas, and coal—accounted for 82% of total U.S. energy consumption in 2024. Nonfossil fuel energy—from renewables and nuclear energy—accounted for the other … [continued]
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In West Texas, E-Fuels Are Coming For Your Fossil Fuels
The massive Project Roadrunner e-fuels facility, now under construction in Texas complete with purpose-built wind and solar farms, has just enlisted the support of the leading global banking and financial firm HSBC.
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