Despite the abnormally low level of gas sitting in storage, natural gas prices have barely moved. Shale gas drillers continue to add supply, which will likely allow the U.S. to avoid a supply crunch this coming winter.
With an eye on his legacy, President Obama is trying to ink a few energy and environmental victories before he leaves the White House. The Dakota Access pipeline, the BLM's fracking rule, and monument designations are key areas of focus for the outgoing administration.
It's common knowledge that oil-rich Gulf states are home to citizens who support terror groups, but a 2014 email between Hillary Clinton and John Podesta hints that the Saudi and Kuwaiti Governments have played a more direct role in recent years.
Both Trump and Clinton make misstatements on energy, but Clinton points to role Middle East producers play in managing oil prices.
With the country enjoying a period of energy abundance and low prices at the pump, voters aren’t as concerned about what’s happening in the global oil market. That showed in the first presidential debate between Hillary Clinton and Donald Trump.
Why has U.S. shale production proven to be so resilient to low oil prices? There are three main reasons, and they all come down to costs.
Picking Ken Salazar and John Podesta for high-level positions provides little clarity regarding energy and the environment policy since both advisers have different philosophies and it’s unclear which side would win out under a Clinton administration.
Hillary Clinton articulated her philosophy on energy security in comments she made as Secretary of State. They could serve as a guide to her priorities if she wins the presidency.
Rystad cautioned that bringing these wells online will depend on the right price signals, but in its analysis the vast majority of DUC wells are economical at as low as $28 per barrel.
Two major executives this past week gave differing views on this year's election. Continental's Harold Hamm spoke at the RNC in favor of Donald Trump, while Pioneer's CEO noted how the industry has performed better under Democratic administrations.