Energy Interdependency Blog
Oil
Oil Pipeline Rate Regulation under Review by FERC – Is There a Place for the Consumer Voice?
Oil pipeline rates must be just and reasonable and may be challenged by their customer shippers and the Federal Energy Regulatory Commission (FERC) under the Interstate Commerce Act (ICA). FERC has observed through monitoring that some oil pipelines continue to receive rate increases under the primary process used to adjust oil pipeline rates – the … Continue reading
U.S. House Casts Bi-Partisan Vote to Lift Restrictions on Export of U.S. Crude Oil
Legislative efforts to lift restrictions on the export of U.S. crude oil continue to progress, but are expected to meet with staunch Presidential opposition. On October 9, 2015, the full U.S. House of Representatives considered and decided in a 261/159 bipartisan vote to pass H.R. 702 – To adapt to changing crude oil market conditions, … Continue reading
Recent Crude Oil Train Derailments Intensify the Spotlight on Rail Safety and the Value of Oil Pipelines
Few of us can erase from our memories the imagery of fires blazing at the scenes of crude oil train derailments in West Virginia in early February and in Illinois earlier this month. The fact that these trains carrying Bakken crude oil from North Dakota derailed in the midst of the intense standoff between Congress and the … Continue reading
Exploring the Impact of Lower Oil Prices on the U.S. – Exports, Economics, Energy Security & Diplomacy
Rapidly changing global energy dynamics, particularly the dramatic decline in crude oil prices, have left many struggling to predict what the fall out will be – on energy prices, American energy companies and workers, and nations heavily dependent upon oil exports. Despite falling oil prices, U.S. crude oil production is currently on the rise. The … Continue reading
The Keystone Pipeline Cleared Hurdles in Congress, But Was Tripped Up by Presidential Veto
This new year has been marked with a flurry of activity surrounding the approval of the Keystone XL Pipeline project. Following the changing of the guard in a new Republican-led Congress, Alaskan Senator Lisa Murkowski led the Congressional charge for legislative approval of the pipeline project as Chair of the Senate Energy and Natural Resources … Continue reading
In the Midst of Volatile Oil Prices, U.S. Crude Oil Production Still Expected to Rise in 2015
The rapid decline in crude oil prices has exerted global pressure on the energy industry and nations heavily dependent upon oil. Russia is a glaring example, with the precarious state of its currency largely tied to the precipitous drop in oil prices this year. In the midst of such volatility, the outlook for the U.S. … Continue reading
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