Subscribe to our free daily newsletters
  Oil and Gas News from OilGasDaily.Com  

Subscribe to our free daily newsletters

Texas sees pipelines, infrastructure as energy leverage
by Daniel J. Graeber
Washington (UPI) Sep 22, 2017

Investing in pipelines and port infrastructure could help bolster the U.S. leadership position on the global energy stage, a Texas official said.

Ryan Sitton, an official with the Texas Railroad Commission, the state's energy regulator, said the U.S. position as an energy leader was supported by good infrastructure and improved operational efficiency. This, he said, is why energy-hungry countries in Asia are looking at the United States to satisfy their appetites.

"If we continue to invest in our ports, pipelines and refineries, our generation's legacy will be establishing the United States as a global energy powerhouse," he said in a statement.

U.S. oil is becoming competitive in the Asian market in part because of the discount for West Texas Intermediate, the U.S. benchmark for the price of oil, against the Persian Gulf benchmark, Dubai. In early Friday trading, Dubai crude had a $4.30 per barrel premium over WTI.

The price for WTI, however, may be undervalued because of the impact on U.S. refineries by Hurricane Harvey, which hit the southern Texas coast in late August. Some operations are still limited, leaving U.S. crude oil locked in storage.

Karr Ingham, an economist with the independent Texas Alliance of Energy Producers, noted earlier this year that U.S. oil was becoming more competitive, just as members of the Organization of Petroleum Exporting Countries curb output to balance an oversupplied market.

Apart from certain cases, U.S. crude oil exports were restricted until late in the second term of U.S. President Barack Obama. At 689,000 barrels per day, the four-week average for U.S. oil exports is up 25 percent from last year.

For natural gas, economists at the Federal Reserve Bank of Dallas said energy sector reforms in Mexico are good for Texas, which hosts some of the most lucrative shale basins in the country.

"Mexican energy reforms have opened the door to shale gas from the United States and imports are booming," they said in a recent report.

Renegotiating the North American Free Trade Agreement could impact trade relations with Mexico. For liquefied natural gas, which could reach the Asian markets, a special permit is needed for deliveries to countries that don't have a free-trade deal with the United States.

Shale company ONEOK Partners announced plans two years ago to build a 200-mile long pipeline that would carry natural gas from a shale basin in Texas to an international connection at the Mexican border

Nigeria, Turkey to meet over illegal arms shipments
Lagos (AFP) Sept 22, 2017
A top Nigerian official was scheduled to meet the Turkish ambassador Friday after hundreds of rifles allegedly from Turkey made it to the west African country this week falsely labelled as plumbing materials. It was the fourth time this year Nigerian customs officers had intercepted illegal arms shipments from Turkey at the nation's ports, a customs official said. According to the Nigeri ... read more

Related Links
All About Oil and Gas News at

Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.

SpaceDaily Contributor
$5 Billed Once

credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly

paypal only

Comment using your Disqus, Facebook, Google or Twitter login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

New biomaterial could replace plastic laminates, greatly reduce pollution

A new way to directly convert methane to methanol using gold-palladium nanoparticles

China aims to extend ethanol fuel usage countrywide by 2020

How well electron transport works in furfural biogas

Antigua's well-built PV systems sustain impact of hurricane Irma

NREL investigates coatings needed for concentrating solar power

Chinese solar panel manufacturer claims a quarter of India's market

Scientists make atoms-thick Post-It notes for solar cells and circuits

French energy company to build wind power sector in India

Finding better wind energy potential with the new European Wind Atlas

Last of the 67 turbines for a British wind farm installed

Kimberly-Clark next U.S. company to draw more on renewables

Against rising headwinds, UK pushes ahead with nuclear projects

Russia's use and stockpiles of highly enriched uranium pose significant nuclear risks

Discovery could reduce nuclear waste by chemically reengineering molecules

EU parliament opposes bid to reduce testing of Fukushima food imports

Science denial not limited to political right

Canada Tory MP called out for referring to minister as 'climate Barbie'

US looks to work with Paris climate accord 'partners': Tillerson

Climate risk classification created to account for potential 'existential' threats

Dockless bike-share hits US capital, following craze in China

Baidu announces $1.5 bln fund for autonomous driving

'Car nation' Germany distrustful of driverless vehicles

GM to recall 2.5 mn vehicles in China over Takata airbags

Iraq brings all remaining IS territory under attack

UN sets up probe of IS atrocities in Iraq

Iraqi forces seize village in one of last IS bastions

Iraq anti-graft task force fishes for 'sharks'

Trump's North Korea talk 'counterproductive': analysts

At UN, world leaders confront North Korea crisis

Iran in UN spotlight as Trump threatens nuclear deal

51 countries line up to sign UN treaty outlawing nuclear weapons

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

The content herein, unless otherwise known to be public domain, are Copyright 1995-2017 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement