- Free Downloads
Will the Trump administration and Congress have the will to reopen the door to the nation’s offshore resources?
The deal will probably cut production by between 750,000 and 1 MMbbl/d, accelerating the rebalancing process, though to have a big impact the cuts will need to be extended into the second half of 2017.
The lawsuit is being brought against an administration that has worked to curb emissions as the oil and gas industry has also made strides in reducing emissions.
The U.S. cannot easily discriminate against Saudi Arabian imports because both countries are members of the World Trade Organization and bound to extend each other most-favored-nation treatment.
Nearly 77% of the highest-producing oil wells in the U.S. were horizontally-drilled wells, according to the U.S. Energy Information Administration.
In general, a Trump administration is likely to be much friendlier toward oil, gas and coal producers, and less receptive to arguments from renewable energy and clean technology firms.
Despite the increased uptake of renewable energy sources, the IEA said there are still ‘grounds for caution.’
The big increase in gas-focused drilling during September and October should result in further production gains during the remaining months of the year.
Survey shows nearly 70% of the respondents are optimistic or very optimistic about the outlook for growth in the oil and gas industry between now and 2020.
Enthusiasm has given way to doubts about whether the agreement will make any real difference to the supply-demand balance next year.
Don’t forget to get or renew your social license to operate. It still matters.
Futures markets are sending an urgent signal to gas producers about the need for more drilling.