Why the Middle East’s Dream of a Post-Oil Economy Is at a Crossroads

by | published February 13th, 2018

In a little more than two weeks, Marina and I will once again be traveling to Windsor Castle outside London.

The occasion?

The annual Windsor Energy Consultation held under royal charter.

This year will mark the ninth year in which I have briefed the gathering. The importance of that meeting, and the way in which it galvanizes global energy conversations, will be something we will continue to cover over the next couple of weeks here at Oil & Energy Investor.

But there is one matter that will be discussed there that I want to bring to your attention today…

It involves a new “Energy Revolution” that is already sending shockwaves throughout the global energy sector.

So let’s take a look

After Six Decades, the U.S. Is About to Hit a Major Energy Milestone

by | published February 9th, 2018

In 2005, I was at a meeting of energy experts close to Dominion Energy Inc.’s (D) liquefied natural energy (LNG) terminal in Cove Point, Maryland.

At the meeting, it was unanimously concluded that at least 15% of U.S. natural gas demand would be met by LNG imports within the next decade.

In those days, nearly 70% of the U.S crude demand was projected to be met by imports.

At that time, American oil production was not even 7 million barrels a day with well over 60% of total volume coming from “stripper wells” – each providing less than 10 barrels daily but many more barrels of water than oil.

Back then, we were aware of the potential lurking in shale and tight oil and gas…

But nobody could have foreseen (myself included) the largesse LNG would provide.     

Well, a great deal has changed since then…

On Wednesday, the U.S. Department of Energy reported that the U.S. would become a net exporter of crude oil and natural gas by 2022, which would mark the first year that U.S. energy exports surpassed imports since 1957, when Dwight Eisenhower was president.

And that is a very big deal.

Here’s why…