Global Investment Slowdown Set to Hike Oil Prices
The COVID-19 pandemic will leave not only short-term, but also long-term, scars on the oil market. Even though the world is currently facing what is arguably the largest oil glut ever recorded, the tables will turn dramatically in coming years. The lack of activity and investments currently planned by...
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Hurricane Harvey blew into Texas as a Category 4 storm in late August, and then lingered like no previous storm had ever done before. By the time the beast finally moved on up the coast into Louisiana, it had dumped more than 50 inches of rain on parts of...
The Shale Controversy – Understanding Both Sides
NEPA Reforms and Their Impact on Shale Environmental activists who have been critical of President Trump’s proposed regulatory reforms have engaged in abusive litigation practices that delay vital infrastructure projects making it necessary to revisit the federal rulemaking process, according to congressional figures and energy policy analysts. In January, Trump detailed...
SHALE Mag Featured Nov Dec 2018 STEER Article
As you might have all read in industry news, the South Texas Energy and Economic Roundtable has seen a change in leadership. After 6 years, Omar Garcia, STEER’s founding President and CEO, accepted an offer as the Port of Corpus Christi’s Chief External Affairs Officer. While we are sad...
Coastal States
I woke up on July 5 to the realization that the day represented my 40th anniversary in the oil business. On July 5, 1979, I went to work as an accountant for Coastal States Oil & Gas Company after a post-graduation job search that left me with a choice...
Newsom Wants to Ban Fracking and Gas-Powered Cars
Permian Strategic Partnership (PSP) - Nineteen oil and gas companies came together in 2018 and pledged $100 million to help Permian Basin communities. There is something about getting older — age brings experience, which can often appear to be wisdom. Wisdom can also come from intelligence and education. But, in...
Pennsylvania Leverages Its Natural Gas Advantage
Pennsylvania just enacted legislation that will leverage its natural gas advantage to stimulate the development of petrochemical and other businesses that use natural gas. That, itself, is a significant achievement that sets the Commonwealth apart from neighboring states such as Maryland and New York who have the same resources...
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American energy development has a long history, going back well into the 19th century. Our industry is also associated with older movies like 1956’s Giant and older equipment like the counterbalanced pump jack, which goes back to 1925. It’s great to have a colorful history — and to play such...
Ethanol Nonexistent Without Oil
With the 2020 election cycle dominating national news and the Iowa Caucus recently taking place, there was once again renewed attention on industries and debates relevant to the energy industry. Corn is king in Iowa, and you can’t talk politics in that state without touching on farming and the...
Enabling the Energy Transition: How Green Financing Can Help Industry Reduce Global Emissions
The oil and gas industry today faces many tests and trials. With low commodity prices, reduced demand, changing geopolitical alignment, climate change challenges, regulatory uncertainty, investor rejection of fossil energy, decarbonization, Environmental, Social, Governance (ESG), and everything associated with the “energy transition,” many are asking how the industry will...