Real Clear Energy: Joe Biden’s Move to Grant Leases for Oil/Gas Drilling Is So Underwhelming

It is not too late for the Biden Administration to encourage the Department of the Interior to put in place policies that encourage future oil exploration on federal lands. Similarly, the Administration can look into streamlining the currently burdensome permitting process that discourages investment and delays increasing supply. Actions such as these will go a […]

Unfriendly Domestic Policies and Barriers to Production Increase Gas Price

By now, most Americans will have noticed that their price at the pump has been steadily climbing over the last few months, having recently hit $4.32 nationally. They will also likely have heard how supply chain disruptions, U.S. sanctions on Russia, and more recently a ban on Russian oil imports (10% of U.S. imports and […]

Should Energy Policy be Rooted in Logic or Fashion?

Unfortunately, the U.S. is not self-sufficient in petroleum and we have a way to go. We consume 19.96 million barrels of crude oil per day (Mbbl/day). Of that, we produce 13.134 Mbbl/day. We also export about 6 Mbbl/day, where prices and transportation costs are attractive. In 2017, we imported about 10.4 Mbbl/day from countries such […]

Dependency on Middle East Energy

US consumers rely on 19.63 million barrels of crude oil and 78 trillion British thermal units of natural gas per day for transportation and electrical power generation. A few years ago, those staggering amounts were priced at more than twice today’s level. The lower prices are a result of US fracking and horizontal drilling. Those […]

Cooler Heads Abandon a Gas Tax Increase

For the past 6 years, consumers endured economic bad news ranging from disappointing to terrible.  Their chance of finding a good new job is so dismal that millions stopped looking.  The middle-class saw their wages and salaries stall or declined.  Their financial net worth declined a shocking 19%.  For many, the value of their home […]

The Calm behind Fracked-Well Flaring Optics

Flaring at fracking sites makes for great TV pictures but flames don’t speak and don’t come with explanatory tags.  For a fiction writer, it’s even better than a blank slate.  TV news anchors are served up with a screen of agile flames in brilliant colors.  The viewer is treated to an engaging performance that screams […]

Energy as an Economic Stimulus

Energy production is booming in some western states, like North Dakota, where its unemployment rate has fallen below 2%, and fracking has made the potential for gas extraction a promising proposition.  Yet, many major projects, like the Keystone pipeline and development in parts of the Marcellus Shale Field remain in limbo as lawyers, activists and […]