Brian Scheid
Senior editor, oil news 
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July 24, 2015 00:01 UTC 
(0)
About 700 million barrels of crude oil stored in four sites along the US Gulf coast seems to have recently inspired the imagination of a cash-strapped Congress. With US crude production nearing record highs and prices falling below $50/b, federal lawmakers are pushing to sell millions of barrels from the US Strategic Petroleum Reserve to fund bills with little, or nothing, to do with energy. |
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Brian Scheid
Senior editor, oil news
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June 25, 2015 00:01 UTC
(0)
The ongoing US oil boom has compelled some lawmakers and analysts to question the need to keep so much crude stockpiled and sparked speculation that a government sale of tens of millions of barrels could be imminent. But could new rationale for how much crude the US keeps in its Strategic Petroleum Reserve actually increase the amount of crude in the US stockpile? |
Herman Wang
Senior writer, oil news
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May 1, 2015 00:01 UTC
(0)
Ever since US Energy Secretary Ernest Moniz acknowledged at a Platts forum in December 2013 that the Strategic Petroleum Reserve merited a “re-look” at how it is structured, given the boom in US production and the resulting declines in imports and changes in crude flows, US officials have said they were studying the issue and would soon make recommendations on what to do about the 1970s era storage facilities. So, last week’s much anticipated release of the Department of Energy’s Quadrennial Energy Review must have been a disappointment, then, for people who closely follow the SPR, as the report, which included a whole chapter devoted to the reserve, merely recommended … additional study. |
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Brian Scheid
Senior editor, oil news 
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August 23, 2013 06:16 UTC
(0)
In May, a high-profile energy analyst and former high-ranking Obama administration official told a standing-room-only shale gas conference that the Department of Energy wouldn’t be ruling on any pending applications to export liquefied natural gas for at least a month, probably longer. There’s no way the DOE would give the go-ahead to an application before Ernest Moniz was sworn in as the agency’s new head and a review of applications would take weeks, the analyst told the conference with a degree of confidence that was rare in the ongoing gas export debate. Three days later and before Moniz was sworn in, the DOE gave conditional approval for the Freeport LNG project to export up to 1.4 Bcf/d over 20 years to countries that do not have free trade agreements with the US. |
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Brian Scheid
Senior editor, oil news
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August 2, 2013 00:01 UTC
(0)
The argument that the federal government needs to leave the oversight of hydraulic fracturing to states is an old one, but the volume seems to have been cranked up on Capitol Hill in recent weeks. The interesting thing this time around is that no one seems to be arguing back. |
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Brian Scheid
Senior editor, oil news 
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May 29, 2013 11:52 UTC
(0)
There are few, if any, US energy policy decisions that are being more fiercely debated than the fate of liquefied natural gas exports. With a recent, high-profile approval from the Department of Energy, ramped up rhetoric and more decisions looming, it might be a good time to get up to speed on the LNG export issue. |
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