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Opinion

It’s time to lift the oil export ban – Cramer

Eight days after being inaugurated as the 40th President of the United States, Ronald Reagan signed an executive order eliminating price controls on crude oil and petroleum products implemented to increase domestic production and reduce energy demand.  “For more than nine years, restrictive price controls have held U.S. oil production below its potential, artificially boosted energy consumption, aggravated our balance ...

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Oil-by-rail shipments are playing Russian roulette: Kemp

(John Kemp is a Reuters market analyst. The views expressed are his own) LONDON – Train derailments involving crude oil and ethanol in the United States will cost more than $18 billion over the next 20 years, according to an assessment by the U.S. Department of Transportation. USDOT forecasts there will be just over 200 derailments involving trains carrying 20 ...

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Editorial: Swifter action needed for oil transport safety

It’s easy to say that the railroad companies need to do a better job safely transporting highly volatile crude oil from the Bakken field of North Dakota. And there are several steps that railroad companies like CSX can do to minimize the risk of fiery accidents like the one that occurred near Montgomery, W.Va., last Monday. Running trains that are ...

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Recent editorials published in Nebraska newspapers

The Grand Island Independent. Feb. 20, 2015: Court’s immigration ruling may free Homeland funding logjam At the heart of the federal government’s failure to draft a workable immigration policy is a humanitarian crisis for millions of immigrants who have entered the U.S. illegally. In fact, the government’s failure to enforce existing immigration laws has effectively extended the humanitarian crisis as far ...

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Editorial: Menace of oil trains is everywhere

After “fracking” and horizontal drilling unleashed North Dakota’s Bakken Shale boom a few years ago, crude oil shipments in railway tank cars to refineries skyrocketed. Oil trains soared from 9,500 in 2008 to 400,000 in 2013. Railroad profits from oil-hauling jumped from $26 million to $2 billion yearly. Danger from these shipments also soared. Tank cars exploded in a small ...

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U.S. oil trains are taking high-stakes risks with lives: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON, Feb 17 – Five hundred and ninety one days have passed since a train carrying crude oil derailed and incinerated the town of Lac Megantic in Quebec. In that time, the U.S. Department of Transportation (DOT) has still not finalized new safety rules on tank car ...

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Editorial: Fractivists can’t control property for free

Extreme anti-energy activists must be shown that property is not free. If it is free, none should feel secure in a business or home. None should count on keeping a car, if it is subject to uncompensated government reallocation. The notion that property belongs to the rightful owner, and is not free to anyone else, is the essence of two ...

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U.S. shale on more sustainable course after price rally: Kemp

LONDON, Feb 16 – U.S. shale producers have responded even more quickly to lower oil prices than analysts expected, which should ensure shale production hits a plateau by May or June and is sustained rather than falling in the second half of the year. The number of rigs drilling for oil in the United States declined by another 84 last ...

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Editorial: A natural gas drilling tax is fair, sensible

If Republican state lawmakers do not pass a severance tax on natural gas drillers, they’ll be bucking the wishes of a solid majority of Pennsylvanians. And they won’t have a recalcitrant governor to blame this time around. During Tom Corbett’s first and only term, the natural gas industry boomed in Pennsylvania, yet he stubbornly rejected calls — even from within ...

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Mass layoffs complicate oil industry’s long-term plans: Kemp

John Kemp is a Reuters market analyst. The views expressed are his own LONDON, Feb 13 – “This is the really crappy part of the job, and this is what I hate about this industry frankly,” the chief executive of oilfield services company Baker Hughes complained as he announced it would lay off 7,000 employees. Baker Hughes is cutting jobs ...

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