Meet Dr. Jack Rafuse
Dr. Jack Rafuse, former White House energy adviser and current principal of the Rafuse Organization, advises government agencies, policy centers, businesses and associations on energy, trade, sanctions, national security issues and their interrelationships... Read More
Thanks to booming production from United States shale resources, this country is now the world’s largest oil and natural gas producer. Further, Pennsylvania is the second-ranking state in natural gas and natural gas liquids production, and demand for the vast …
America’s energy sector has undergone major changes since the early 1970s. We produced millions of barrels per day of oil, but our fast-growing demand for gasoline and diesel fuel left us dependent on imports for nearly one-third of our daily …
“Geopolitics,” coined in 1904, meant “the study of how factors such as geography and economics influence politics and relations between nations.” Now it means politics among (not just between) nations and rivalries for international power. A geopolitically successful nation delivers on promises to allies and threats to rivals — or loses allies and strengthens rivals.
The world has changed. For US energy, that’s a good thing.Forty years after the first Arab oil embargo exposed the risks of dependence on foreign oil, the US has made adjustments to reduce its vulnerability to short-term supply disruptions. Here are three of the biggest changes: Energy boom: New drilling techniques are coaxing vast amounts of fossil fuels from stubborn shale rock formations in Texas, North Dakota, Pennsylvania, and elsewhere. The US is producing so much natural gas that it’s beginning to export it.
At nearly 74,000 pages, the U.S. Tax Code is a bloated, destructive and unwieldy mess.
It demands fear and inspires loathing more than respect. Accidentally violate it, and you encounter bureaucratic revenge and pay a debilitating fine; do so willfully, and you also serve prison time.
Recent protests against applications for LNG export to non-FTA countries on the basis of price impacts are short-sighted and appear to be self-serving. Nearly every macroeconomic study has evaluated impacts to U.S. LNG prices and have found little material impact to consumer prices, but significant economic gains, including a reduced trade deficit, significant tax revenue and new jobs. The federal government’s own study found that the greater the amount exported, the greater the economic benefit.
As the time nears for U.S. President Barack Obama’s decision on the Keystone XL pipeline, the opposition approaches hysteria.
A case in point was testimony by Anthony Swift of the National Resources Defense Council at a congressional hearing on April 10. Swift said nothing new or creative; he dusted off old falsehoods by environmental groups who will do anything to stop construction of the Keystone XL pipeline. His misstatements showed how far they will go.
In a February 24 Wall Street Journal op-ed, Andrew N. Liveris, Chairman & CEO of Dow Chemical, laid out a cynical and self-serving argument for a “sound and balanced [U.S.] energy policy.” He correctly said that shale gas gives the nation “a historic opportunity to strengthen the economy, increase national competitiveness and create jobs.” He’s right on the opportunity — but Dow wants to have their cake and eat it too.
A recent article in the Washington Post exposes the rabid consistency of Congressman Markey (D-MA). He consistently ignores economics, logic, ethics and the U.S. Constitution. As someone who spends a lot of time in Massachusetts, it’s quite disappointing to see this disposition from someone like the Commonwealth’s U.S. Senate candidate, Rep. Ed Markey.
He relishes his chosen role of long-term, lead crusader against various tax deductions for American companies — especially American-based oil companies — though multinationals and foreign state-owned companies get those treatments when they invest in America or elsewhere. He calls those tax treatments for U.S. companies “subsidies,” but they are not grants, free loans or any such thing that he loves when they go to “green” energy companies. The article misused the title of an old Dire Straits piece. It more accurately applies to Solyndra and other subsidized, failed, “green energy” companies who got “Money for Nothing,” and produced exactly that.
LNG is a commonly used acronym for liquefied natural gas, essentially natural gas that is put into liquid form, often for the purpose of transportation.
For international trade, LNG is sent in insulated tanker ships using refrigeration that keeps the liquefied natural gas at a chilly -260 degrees Fahrenheit. Global shipments travel to receiving terminals on a daily basis where pipelines are then used to provide this clean-burning energy source to homes, schools, businesses and government buildings. More receiving terminals are being built around the world each year.