Daily Archives: January 14, 2011

Sheila McNulty

Marathon Oil, the US’ fourth biggest integrated oil and gas company, is lost under the radar. And they really should not be.

David Pursell, head of Macro Research at Tudor Pickering Holt, the energy investment and merchant banking firm, notes:

They’re certainly in the right zip codes.

Indeed, they have everything from unconventional shale gas to global oil in their portfolio. And a very strong refining, marketing and pipeline business.  

Kiran Stacey

In this week’s readers’ Q&A session, Jack Gerard, head of the API, the voice of the US oil industry, answers your questions.

In this second of two posts, he discusses peak oil, the potential of natural gas, and what the API’s lobbying achieves.

Earlier, he answered questions on the importance of energy efficiency, why drilling curbs should be eased and where the world will find new sources of oil.

Next in the hotseat is Magued Eldaief, the head of GE’s UK energy business. He ill be answering your questions next Friday, January 21st. Send in your questions for consideration by the end of Sunday, January 16th to energysource@ft.com.

But for now, over to Jack:

Kiran Stacey

In this week’s readers’ Q&A session, Jack Gerard, head of the API, the voice of the US oil industry, answers your questions.

In the first of two posts, he discusses the importance of energy efficiency, why drilling curbs should be eased and where the world will find new sources of oil.

In the second post, published above, he discusses peak oil, the potential of natural gas, and what the API’s lobbying achieves.

Next in the hotseat is Magued Eldaief, the head of GE’s UK energy business. He ill be answering your questions next Friday, January 21st. Send in your questions for consideration by the end of Sunday, January 16th to energysource@ft.com.

But for now, over to Jack:

Kiran Stacey

The main lobbyist for the US oil industry has called on the government to open up the entire country to drilling.

Answering Energy Source readers’ questions, Jack Gerard, head of the American Petroleum Institute, said opening up all limited areas would reduce imports, cut the trade deficit, lower prices and create jobs.

He said:

It is difficult to quantify how much increased production would affect imports, but if companies had access to all US areas now off limits, a substantial increase in domestic production would be possible.

FT Energy Source

- GE deal accelerates push into energy – FT

- US offshore rate permanently slower, says regulator – Argus

- Cnooc reports 90% jump in nine-month profit – Bloomberg

- EPA revokes coal mining permit in West Virginia – FT

- Green Investment Bank could help build nuclear reactors – The Guardian

- National Grid faces work-to-rule threat – The Telegraph

- Marathon splits off refineries from exploration – FT

- Azerbaijan backs gas pipeline for Europe – FT

- Israeli gas to be diverted via Cyprus – The Times (£)

- Shell falls on speculation of higher costs hitting earnings – FT

- China readies 10m EV parking spots by 2020 – Reuters

- A step towards car fuel from wood waste – NY Times Green blog

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