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U.S. Energy Sector Fears Missing the Boat on Liquefied Natural Gas Exports

Jared Anderson, AOL Energy — Sun, 09 Dec 2012 06:00:00 EST

Filed under: Energy

As of the end of October, the Department of Energy had 18 applications pending for the authority to export liquefied natural gas.

International demand is growing and expert studies say the LNG market will need 15 billion cubic feet per day more in five years.

The question causing angst in the natural gas industry: Can DOE and the Federal Energy Regulatory Commission, which permit LNG exports and the LNG physical facilities, respectively, license exports in time for U.S. producers to act before foreign competitors grab that growing world demand?

To read the remainder of the article on AOL Energy, click here.

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Aerospace Industry Group Increasingly Fearful of Fiscal Cliff Defense Cuts

Jared Anderson, AOL Energy — Fri, 07 Dec 2012 11:09:00 EST

Filed under: U.S. Government, Industrial

WASHINGTON -- Sequestration, sequestration, sequestration -- that was the one note the Aerospace Industries Association struck over and over at its biggest annual public event.

Flanked by AIA's now-iconic clock counting down 27 days before the sequester destroys "two million jobs" (a disputed figure), President Marion Blakey declared: "I'm an optimist and we have to prevail." But with automatic budget cuts slated to take effect Jan. 2, unless Congress and the White House reach an increasingly unlikely deal, just how the government could forestall the sequester isn't entirely clear. Nor did Blakey endorse the bold proposal of one of its member CEOs, who wants the GOP to agree to raise corporate and individual tax rates as part of a deal.

So thoroughly did sequestration dominate the agenda that even AIA's slickly produced video presentation eschewed its normal bombast over America's superior air- and spacecraft to warn of the danger of the automatic budget cuts. Blakey got right to it.

To read the remainder of the article on AOL Defense, click here.

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Canada's Oil Sands: A Delicate Dance of Regulators, Industry, the Environment and Economy

Jared Anderson, AOL Energy — Wed, 05 Dec 2012 06:00:00 EST

Filed under: Energy, Oil & Gas Industry

The holy trinity for energy is cheap, reliable and clean, but science has yet to unlock a source that provides all three without limits. In the meantime, the challenge for energy producers, consumers and regulators is to negotiate tradeoffs between these ideals in order to find the most acceptable energy solutions for modern society. There are few places in the world where this delicate negotiation between environmental cleanliness, affordability and reliability is more pronounced than in Canada's oil sands producing region.

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Canada boasts the world's third largest proven oil reserves, which are primarily attributed to the oil sands, located in Northern Alberta. Oil sands are a natural mixture of sand, water, clay and heavy oil referred to as bitumen. Alberta contains 170.8 billion barrels of proven oil reserves - 169.3 billion barrels of bitumen and 1.5 billion barrels of conventional oil. The province is about the size of Texas and produces approximately 1.6 million barrels of crude oil per day from the oil sands, which accounts for about half of Canada's total crude oil production.

Knowledge of the oil sands resource dates back to the 1800's and some commercial extraction dates back as far as the 1960's, but it was not until around 2001 when commodity price increases and technology coincided to make oil sands development economically viable on a much larger scale.

Click here to read the remainder of the article on AOL Energy.

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