The Fuse

Additional Articles

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Oil and the Economy

Rising Floating Storage Adds One More Bearish Element to the Oil Market

The recent increase in floating storage is an ominous sign that the OPEC cuts may not balance the market, and it also poses a threat to the ambitious drilling campaigns by U.S. shale companies that are still recovering from the price crash to below $30 in early 2016. Read More

topics: Contango, Crude oil inventories, Floating storage, Low Oil Prices, OPEC, Shale
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Oil and the Economy

Crosspost: Oil Dependency Grows with Falling Price

Headlines around electric cars and carbon policy suggest our oil dependency is on a slippery downward slope. Recent data from 2016 suggests the opposite: our worldwide addiction is getting stronger. Read More

topics: Gasoline Demand, Oil Demand, Oil Dependence
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The Docket

Key Issues to Follow in This Week's Energy and Interior Budget Debates

On the agenda at budget hearings this week will be energy innovation, the proper size of the Strategic Petroleum Reserve (SPR), offshore drilling, and oil production on public lands. Read More

topics: ARPA-E, Congress, Department of energy, Department of Interior, department of transportation, Elaine Chao, Offshore Drilling, Strategic Petroleum Reserve
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Autonomous Vehicles

Witnesses at Senate Hearing Argue for a Federal Framework for AVs, More Flexibility for Testing

Legislators are concerned with balancing safety and innovation, while helping industry accelerate the development and deployment of AVs on U.S. roadways. Read More

topics: Autonomous Vehicle Policy, autonomous vehicles, Congress
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Energy Innovation

Chart of the Week: 'Call on OPEC' for H2 2017 and 2018

Stay on top of the latest developments in oil markets, geopolitical risk, and alternative fuel vehicles with the SAFE policy team's Chart of the Week. Read More

topics: Capital expenditures, Gasoline, Household Spending, Iran, oil, Oil Price Volatility, Oil Prices, Oil Production, Saudi Arabia, Upstream Investment
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Oil and the Economy

How Can East Coast Refiners Reduce Imports From OPEC? Pipelines from the Bakken Are Key

One solution to reducing dependence on imports would be to build pipeline capacity connecting the Bakken area to refineries on the East Coast. Read More

topics: bakken, Crude Oil Imports, Dakota access, Nigeria, OPEC, Refiners
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Oil and the Economy

Is Shale Productivity Bumping Up Against Its Limits?

There are some signs that the U.S. shale industry is bumping up against its productivity limits, which could lead to lower-than-expected output gains or rising drilling costs. Read More

topics: bakken, Eagle Ford, Low Oil Prices, Permian, Refracking, Shale
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Oil and the Economy

Options Market Is Not Buying OPEC’s Game

Although some hold onto bullish sentiment, traders are skewed toward a downside or rangebound bias in the near term—OPEC has lost credibility, the large inventory overhang persists, shale’s resurgence and a rising rig count continue, and the spat over Qatar didn’t affect the market. None of these factors should change anytime soon. Read More

topics: ICE, Low Oil Prices, NYMEX, OPEC, Trading
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Autonomous Vehicles

Senate and House Pull Closer to Autonomous Vehicle Legislation

The absence of federal policy on autonomous vehicles is now at the point where it’s beginning to be problematic: The state-by-state regulatory patchwork that many stakeholders have cautioned against has materialized. Read More

topics: Autonomous Vehicle Policy, autonomous vehicles, Congress, Electric Vehicles
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Oil and the Economy

Products Markets Feel the Heat as Refiners Overproduce

If refinery utilization remains near current levels, there is the danger of more inventory increases and downward pressure on product prices. Read More

topics: Crude oil inventories, Oil Demand, Refined product exports, Refined product inventories, Refined products
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Autonomous Vehicles

Lyft, nuTonomy Ink Deal to Put Autonomous Vehicles on the Road

Instead of building its own autonomous cars, Lyft is forming partnerships to help it gain an advantage in the self-driving arena. Read More

topics: Autonomous Vehicle Policy, autonomous vehicles, Lyft, nuTonomy, Uber
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Petropolitics

Limited Impact on Oil Markets From Qatar Row, but Geopolitical Uncertainties Loom

While oil and gas supplies have yet to be significantly affected by the current spat surrounding Qatar, it could escalate tensions in the region, home to a majority of the world’s oil reserves, and lead to deeper geopolitical instability. Read More

topics: Geopolitics, LNG Exports, OPEC, Qatar, Saudi Arabia
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Oil and the Economy

U.S. Crude Exports Soar in Q1 as Shale Rises, OPEC Cuts

With domestic production rising and OPEC reducing sales to Asia, the U.S. has taken advantage of shifting market conditions by shipping more crude to customers overseas. The U.S. exported an eye-opening 900,000 b/d of crude during Q1, with volumes going to 24 different countries. Read More

topics: Crude Oil Exports, Crude Oil Imports, OPEC, Shale
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Autonomous Vehicles

Colorado Autonomous Vehicle Legislation Serves as Model for Other States

Colorado Governor John Hickenlooper signed autonomous vehicle (AV) legislation on Thursday that ensures uniform regulations across the state. It also promises to bring critical testing and deployment to Colorado. Read More

topics: Autonomous Vehicle Policy, autonomous vehicles, Colorado
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Petropolitics

Why Haven’t More Petro-states Failed?

In the aftermath of the 2014 price fall, producer countries have had to reevaluate policy and economic strategy while contending with a persistent glut that may dampen prices for some time, further undermine their budgets, and possibly cause domestic strife. Read More

topics: Libya, Low Oil Prices, Nigeria, OPEC, petro-states, Russia, Saudi Arabia
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Oil and the Economy

Mexico’s Energy Reform Finally Yields Results

There is still a long way to go before Mexican production can grow in a meaningful way, but several years since the landmark liberalization of the country’s energy sector, the situation is finally moving in the right direction. Read More

topics: BP, deepwater, Mexico, Pemex, Total
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Petropolitics

OPEC Promises Market Stability and Clarity, but Deal Extension Is an Inkblot Test for Analysts

As the group doubles down on its production cut, questions linger about exit strategy, capability, and size. Read More

topics: Iran, Nigeria, Oil Price Volatility, Oil Prices, OPEC, Saudi Arabia
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Energy Innovation

India Likely to Fall Short of Its Ambitious EV Target

While India is making a concerted effort to implement reform in its transportation sector, it is far behind other countries in putting EVs on the road. Despite the government's best intentions, India's oil demand should double by 2040. Read More

topics: China, Electric Vehicles, India, Oil Demand Growth
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Petropolitics

Brazil Engulfed in Political Crisis, But Oil Production Will Still Rise

Recent reforms scrapped the requirement that Petrobras own a 30 percent stake in all pre-salt oil fields, essentially opening the door to private international companies. As a result, Brazil's oil production is flourishing. Read More

topics: Brazil, IEA, Non-Opec Supply, Petrobras, Pre-Salt Oil