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Posts tagged “American Petroleum Institute”

By Robert Rapier on Dec 4, 2009 with no responses

The Looming Spike in Crude Prices

Lots of very crazy stuff going on behind the scenes that’s been keeping me very distracted, and writing to a minimum. Fortunately, Money Morning sent me a very timely essay this morning on crude prices. This one takes aim at the API. While I have a cordial relationship with the API, like Kent Moors who wrote the article below I think their crude production projects are way too optimistic. Of course I say the same thing about projections from the EIA, IEA, and pretty much any organization that predicts that we are going to have a major increase in production from today’s rates. My position for the past 5 years has been that the top is pretty close to 90… Continue»

By Robert Rapier on Sep 18, 2009 with no responses

The API on Cap and Trade

Yesterday the American Petroleum Institute conducted a blogger’s conference call to talk about various energy issues that they are focused on. I used to regularly attend these calls, but things have been quite busy and it has been a while since I participated. But I thought it would be worthwhile to check in and find out which issues they are currently occupied with. I asked one question on cap and trade during the call (see below). The API listed three key areas that they are focused on. These are the Waxman-Markey climate bill, which they think will cost jobs (particularly in the energy industry), domestic access to petroleum resources, and taxation of the oil and gas industry. Participating from the… Continue»

By Robert Rapier on Sep 13, 2009 with no responses

An Urban Legend Falls

Figure 1. Classical Outlier or Amazing New Discovery? On November 16, 2007 a study was released that stirred up a lot of excitement in ethanol circles. The study was titled Optimal Ethanol Blend-Level Investigation. The study was commissioned by the American Coalition for Ethanol (ACE), and the work was carried out by the University of North Dakota Energy & Environmental Research Center (EERC, a branch of the University of North Dakota) and the Minnesota Center for Automotive Research (MnCAR, a branch of Minnesota State University). The study made some remarkable claims. Based on some data points – such as the point corresponding to E30 in Figure 1 above (which is Figure 10 in their report), they claimed that higher ethanol… Continue»

By Robert Rapier on Aug 3, 2009 with no responses

Bloggers Go to Billings

I should have Part 2 of the series of answering readers’ questions posted by tomorrow, but until then I was just sent the following link, which was of great personal interest to me: A Green Refinery? The gist is that last year the American Petroleum Institute flew a group of bloggers up to the ConocoPhillips refinery in Billings, Montana where I used to work to give them a perspective of life in a refinery. A video diary of the trip was recently posted to the link above. An excerpt from the link: The refinery has twice been awarded EnergyStar designation by the EPA for its comparatively efficient production processes. It also established a Citizen’s Advisory Council to maintain an open… Continue»

By Robert Rapier on Apr 13, 2009 with no responses

The 2009 EIA Energy Conference: Day 2

Energy and the Media This was the panel I had been asked to participate in. My fellow panelists were Steven Mufson (one of my favorite mainstream energy reporters), from the Washington Post; Eric Pooley from Harvard, (the former managing editor of Fortune); and Barbara Hagenbaugh from USA Today. The panel was moderated by John Anderson of Resources for the Future. I can only imagine that a number of people looked at the lineup, looked at my inclusion, and thought “What’s that guy doing up there?” So here’s the background on that. When I was working at the ConocoPhillips Refinery in Billings, Montana, we followed the weekly release of the EIA’s Weekly Petroleum Status Report very closely. We included this information… Continue»

By Robert Rapier on Apr 4, 2009 with no responses

The Art of Spinning

As the previous post indicated, we in the U.S. have a pretty low energy IQ. One of the reasons is that energy stories are often reported in a very biased or uninformed manner, which tends to distort public viewpoints. For instance, you may think those evil oil companies are wrecking the world. You are entitled to your opinion, and admittedly the oil industry has done plenty to help forge those sorts of views. However, in the U.S. we take an especially negative view of the oil industry relative to the rest of the world. Why? Odds are that your opinion has been shaped by stories like the examples in this essay. Make no mistake: Your views are carefully nurtured and… Continue»

By Robert Rapier on Jul 19, 2008 with no responses

More Signs of Demand Destruction

This time, the news comes from the API: U.S. oil demand drops in first half of 2008 WASHINGTON – U.S. oil demand was significantly down for the first six months of 2008, API said today in its Monthly Statistical Report. While U.S. refiners churned out record and near-record amounts of oil products, imports – especially product imports — fell substantially. Deliveries of all oil products – a measure of demand – fell 3.0 percent compared with the same first-half-year period in 2007, with gasoline deliveries slipping 1.7 percent. For the preceding three years, oil demand had essentially held steady. API statistics manager Ron Planting said, “At 20.08 million barrels per day, total demand was the lowest in five years. And… Continue»

By Robert Rapier on Jul 15, 2008 with no responses

America’s Energy IQ 2008

Update: I was on the call, asked the first question (about the disconnect in the EIA projections for ethanol usage of less than 10% in 2030 versus the mandate of 36 billion gallons by 2022) and then I had a phone problem. I e-mailed in the rest of my questions, which did get answered. They were on the drilling question: 1. How big is a lease? Is it a standard size?2. Are there OCS areas that aren’t off-limits that are still eligible for sale?3. Are there other highly promising areas around the world that are off limits?4. What exactly has to take place to open up the areas that are off-limits? Answers were 1). No standard size; 2). Yes; 3)…. Continue»

By Robert Rapier on Feb 21, 2008 with no responses

API Conference Call on Biofuels

After missing about 10 API conference calls in a row, I finally found time yesterday to participate in one on biofuels. Participants per the API web site were: Devil’s Advocate of Copious Dissent, Nate Hagens of The Oil Drum, Bruce McQuain of The QandO Blog, Robert Rapier of The Oil Drum and R-Squared, Geoff Styles of Energy Outlook, Gail Tverberg of The Oil Drum, and Brian Westenhaus of New Energy and Fuel. Let me first say that I felt like I was in an episode of the Twilight Zone. The API was defending ethanol against an angry mob of bloggers who thought it was a bad idea. Nate Hagens actually asked “Did I hear you right? The API supports ethanol?”… Continue»

By Robert Rapier on Jan 17, 2008 with no responses

API Year End Statistics

The API has released their year end report on consumption, and some of the results were quite interesting. They held a blogger call today to discuss the results, but I got tied up and couldn’t make it. If they post a transcript, I will check it out and may excerpt some portions. The summary of the statistical report may be found here, and the press release discussing the report is here. But here is the press release in full: U.S. fuel production at record-high in 2007, demand flat – API WASHINGTON – U.S. fuel production reached a record high in 2007 as refinery capacity expanded for the 11th straight year, API data show. U.S. crude oil production also rose in… Continue»