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Speakers debate states’ oil, gas role at GMU conference

States are better qualified than federal and local governments to regulate hydraulic fracturing and other unconventional oil and gas activities, two speakers agreed at an energy and environment conference at George Mason University’s School of Law. But a third speaker argued that some states’ performances as the primary US oil and gas regulator are unsatisfactory and needs to be reevaluated.

GlobalData: US needs to ‘fast-track’ LNG exports to compete in global market

The US’s lack of approved export terminals has prevented energy companies from competing in the growing global LNG market, despite the fact that the country is now the world’s largest natural gas producer, said an analyst with research and consulting firm GlobalData.

US House subcommittee passes bill to facilitate LNG exports

A US House Energy and Commerce Committee subcommittee voted to forward a bill aimed at facilitating approvals of US LNG exports to the full committee. The Energy and Power Subcommittee’s action by 15 to 11 votes was along party lines, with Republicans favoring the move and Democrats opposing it.

Proved reserves of US crude oil reach 36-year high in 2012

US proved reserves of crude oil at yearend 2012 were estimated at 33.4 billion bbl, up 15.4% from 2011 and the highest since 1976, according to a report released Apr. 10 by the US Energy Information Administration.

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Exchange in Senate committee displays energy misconception

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