Suggestions for an Economy That Delivers
Readers respond to a David Leonhardt column on moving beyond the current stagnation.
Rare Brazilian Polvo crude cargo arrives in Louisiana: In the LOOP
A rare cargo of Brazilian Polvo crude has made its way to the Louisiana Offshore Oil Port, according to data from US Customs and S&P Global Platts Analytics.
U.S. crude oil production efficiency continues to improve
(Tue, 01 May 2018) U.S. tight oil production increased in 2017, accounting for 54% of total U.S. crude oil production, in part because of the increasing productivity of new wells. Since 2007, the average first full month of oil production from new wells in regions tracked by EIAâs <em>Drilling Productivity Report</em> (DPR) has generally increased. These growing initial production rates have helped tight oil production to increase despite slowdowns in drilling activity when oil prices fell.
OPEC needs a clear line on oil prices: Fuel for Thought
OPEC would benefit from more transparency about oil prices. The group has geared its efforts to rebalancing the market, but its ultimate goal is surely to maximize revenues for its members. Putting a number on this target would be helpful.
New import duties drive biomass-based diesel imports down in 2017
(Mon, 30 Apr 2018) U.S. imports of biomass-based diesel, which include biodiesel and renewable diesel, totaled 14.1 million barrels in 2017, a 36% decrease from 2016. Although increasing Renewable Fuel Standard (RFS) targets have driven increased biomass-based diesel demand in recent years, imports fell in 2017 largely because of U.S. Department of Commerce (DOC) import duties imposed on foreign biodiesel volumes sourced from Argentina and Indonesia, two of the leading exporters of biodiesel.
Old Tappan Zee Bridge Gets New Life as Artificial Reef
Recycled bridge parts will go to a New York State artificial reef program to increase marine life and support recreation and economic development on Long Island.
U.S. exported a record amount of fuel ethanol in 2017
(Fri, 27 Apr 2018) The United States exported nearly 1.4 billion gallons of fuel ethanol in 2017, surpassing the previous record of 1.2 billion gallons set in 2011. U.S. imports of ethanol in 2017 increased compared with 2016 but remained relatively small at 77 million gallons, resulting in the United States being a net exporter of ethanol for the eighth consecutive year.
Renewable energy subsidies have declined as tax credits, other policies diminish
(Thu, 26 Apr 2018) Federal subsidies for renewable energy—including biofuels for transportation use and renewable generation of electricity—dropped to $6.7 billion in fiscal year (FY) 2016, a 56% decline from FY 2013. Renewable subsidies in FY 2010 and FY 2013 were approximately $15 billion, more than double FY 2016 levels, as support from the American Recovery and Reinvestment Act of 2009 (ARRA) lessened.
Federal financial interventions and subsidies in U.S. energy markets declined since 2013
(Wed, 25 Apr 2018) EIA has updated its report on federal financial interventions and subsidies in energy markets, covering the 2016 U.S. government fiscal year (FY). Subsidies for many energy categories have declined since FY 2013, when spending related to the American Recovery and Reinvestment Act of 2009 was at or near its highest levels.
First exported VLCC from LOOP arrives in China: In the LOOP
The first VLCC to directly load a cargo at the Louisiana Offshore Oil Port arrived at the port of Huizhou, China, on Sunday.