Author Archive for: ntaft
About Nathan Taft
Nathan Taft is graduate from the University of Washington where he majored in Political Science with a focus on International Security and served as an editor on UW's campus paper, The Daily. He's proud to be fighting for cleaner air, a stronger economy, and better national security by giving Americans choice at the pump.
Connect with him on Twitter @NathanTaft.
Entries by Nathan Taft
For a more detailed discussion, check out our blog post on this topic here.
For nearly a decade now, most gasoline sold in the U.S. has contained 10 percent ethanol. This allowed us to do away with toxic additives like BTEX and reduce our dependence on foreign oil.
Picture a three-year-old tug of war waged across the globe that leaves both sides wobbly and scarred but unmoved. That’s one way of looking at the high-stakes competition between the world’s big oil exporters and the companies drilling in American shale fields.
What’s the right way to think about the long-term price of oil? This question consumes the industry — and markets — no matter what prices are on any given day.
Imagine you’re leaving Washington, D.C., for a weekend getaway on May 30. You pull into a Sheetz station and notice there’s a new fuel option. It’s 88-octane, 10 cents cheaper, and the fuel label tells you it’s E15 (15 percent ethanol) and suitable for use in all vehicles made in 2001 or later.
During the first four months of 2017, the U.S. exported three times more crude oil to international counterparties than during the same timeframe in 2016. Including shipments to Canada, exports of crude oil exceeded 1.0 million barrels per day (bpd) in both February and April.
Ah, Texas, the state that was formerly a nation and continues to do things slightly differently. Its politics is bare-knuckle, its hats are big, and so are its ranches. It also generates more renewable wind energy than any other state in the union. Its auto-dealer lobbyists, however, are equally large and powerful.
Could the Middle East’s dispute involving Qatar and several of its neighbors lead to higher prices at a pump near you? Absolutely.