The shale industry is unlike any other conventional hydrocarbon or alternative energy sector in that it shares a growth trajectory far more similar to that of Silicon Valley’s tech firms.
Real Clear Politics There are still a handful of truths about America about which nearly everyone agrees. One is the centrality of innovation for future prosperity. This truth stretches back to the beginning of the nation. As every aspiring patent lawyer learns in first year, the Founding Fathers enshrined into the Constitution itself-not just in…
Just before Earth Day 2011 when oil was selling for $120 a barrel, former Saudi oil minister Sheikh Yamani put out the idea that oil prices could imminently reach $200 to $300 per barrel. He was referring to the implications of unrest in the Middle East in the wake of the then recent Tunisian…
The United States may be the only major oil-producing nation where the domestic politics of petroleum production appear almost entirely divorced from its international interests.
What if the world never again sees sustained prices for oil over $100 per barrel? What if—absent exogenous black-swan events like major wars—oil never sells for much more than $50 per barrel for decades into the future? Who wins? Who loses?
The press has been abuzz recently with yet another energy surprise. America is producing so much oil from shale that the nation is, ostensibly, running out of places to store it all. The total quantity of petroleum stuffed into huge steel tanks right now is at levels not seen for 80 years. Cushing, Oklahoma, for…
