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Opinion

Saudi oil policy needs better communications: Kemp

LONDON, Nov 14- “As a result of the fall in demand and the rise in non-OPEC supplies, we recognized too late that oil was overpriced, that it had reached an unwarrantably high level, destroying the state of virtual equilibrium between supply and demand,” the Saudi oil minister told his audience. The recent sharp drop in prices had not been good ...

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EDITORIAL: Let’s move the pipeline debate forward

Let’s get one thing clear up front: We’re still not big fans of the proposed Constitution Pipeline. The 124.4-mile project would cut through hundreds of private parcels in Delaware, Schoharie, Chenango and Broome counties to bring natural gas from Pennsylvania to Northeast markets. Property owners along the proposed route have raised myriad concerns, including the effect of the project on ...

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EDITORIAL: Approve tougher rules for drilling right away

Natural gas and oil might be hiding under our feet, especially in areas of Lee and Chatham counties that have been identified as promising for hydraulic fracturing. But an expensive and disruptive attempt to find and extract whatever’s there could discover very little. Several geological experts have predicted that outcome, saying our rock layers have marginal potential. Fracking in North ...

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EDITORIAL: Local control — unless it nicks oil industry

In landslide fashion, voters in Denton decided Tuesday to ban further hydraulic fracturing within their city, making Denton the first city in Texas to prohibit the drilling technique. The vote marks the beginning of an interesting legal and political battle over local control. Denton voters knew they were courting trouble by considering a ban on fracking, but they determinedly declared ...

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EDITORIAL: Prop 1 step in right direction

Texas is growing by about 1,000 people a day, and with that, the state’s roads and highways are feeling the strain. It’s not just Interstate 35 in Austin or Interstate 10 in Houston receiving the brunt. With the drilling boom in the Eagle Ford Shale, drivers in the Crossroads are seeing firsthand how growth and economic development can strain even ...

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Saudi Arabia is not declaring a volume war (yet): Kemp

LONDON, Nov 4 – Saudi Aramco cut the price of December crude deliveries to U.S. refiners on Monday in order to protect its competitiveness amid an erosion of its U.S. market share by rival exporters such as Canada and Iraq. In August, U.S. crude imports from Saudi Arabia slipped below 900,000 barrels per day, according to the U.S. Energy Information ...

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Breathe easy oil and gas. Millennials don’t vote.

Unless you’ve been under a rock for the past three months, political ads have consistently bombarded every media outlet of your daily lives. With reason, however, the upcoming election tomorrow could have drastic impacts on the U.S. Senate and governor control in a few states, including Texas. Also, there’s no denying that there are some big energy-related votes coming up ...

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EDITORIAL: The shale question: Boom or bust?

Will falling world energy prices derail the U.S. oil and natural gas boom, as so many are worried? No, says one scholar. Writing in The Wall Street Journal, Hudson Institute fellow Mark P. Mills says one reason is that “shale production remains profitable at today’s lower prices.” And that’s largely because “more than $500 billion of private investment into hydrocarbon ...

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