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U.S. Oil Producers Set Growth Record in 2014

The U.S. Energy Information Administration (EIA) reports U.S. oil production grew by more than one million barrels per day in 2014, the largest yearly increase since recordkeeping began more than a century ago. Most of the new oil production came from shale deposits opened up by the ongoing hydraulic fracturing revolution. Until fracking took hold, the United States had suffered a steady decline in oil production. Oil production fell every year but one between 1985 and 2008, and imports of oil...

U.S. Gas Exports Set to Shake Up World Markets

The United States is poised to shake up world energy markets with expanded liquefied natural gas (LNG) deliveries later this year as four new LNG export terminals come on line. The four terminals would be able to export a combined 70 billion cubic meters (BCM) of LNG annually.  According to the April 26 UK Telegraph, U.S. Energy Secretary Ernest Moniz commented on the new LNG export capacity saying, "We anticipate becoming big players, and I think we'll have a big impact. We're going to...

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