Analysis by the father of American Geopolitics Dr. Daniel Fine, MIT.

Posts tagged ‘free market’

TV BROADCAST:OIL IMPORT QUOTAS RALLY


Published on Jun 21, 2016

“FARMINGTON – A group of oil and gas executives and energy policy experts from the Texas Panhandle and New Mexico’s piece of the Permian Basin are pushing a plan to restrict seafaring imports of foreign oil from coming into the U.S. in order to stabilize the oil and gas industry and bring back lost oilfield jobs.

The group’s plan, which would exempt crude oil imported from Mexico and Canada, is an effort to push back against the price wars the group said are being waged by OPEC, or the Organization of the Petroleum Exporting Countries, led by Saudi Arabia.

Members met at the School of Energy at San Juan College Tuesday to promote the “Panhandle Import Reduction Initiative,” which they say could be implemented in multiple phases within 90 days of the next administration, with the ultimate goal of reducing heavy crude oil imports to about 10 percent of demand.” SEE VIDEO-> OIL IMPORT QUOTA RALLY: TV BROADCAST

Advertisements

Our View: Limiting oil imports would help to protect American producers


by the Lubbock Avalanche-Journal editorial board

The full story is here-> http://lubbockonline.com/filed-online/2016-04-28/our-view-limiting-oil-imports-would-help-protect-american-producers#.VzaWRPkrLIU

“When the price of oil drops, so does the cost of gasoline. But while people are enjoying paying lower prices at gasoline pumps, plunges in oil prices can cause economic damage in Texas.

And it can put American oil producers out of business when the price of foreign oil imports gets cheaper than the costs of extracting oil from the ground in the U.S.

Oil producers in the Panhandle recently announced the Panhandle Import Reduction Initiative. Their hope is to limit the amount of oil that can be imported from other countries.

We wish them success in getting sympathetic ears to hear their initiative and gathering like-minded people to help further it.

They are right that a limitation should be set on the amount of oil imports from the Organization of Petroleum Exporting Countries.

Representatives of OPEC’s 18 nations recently met in Doha, Qatar. Among their topics of discussion was whether to freeze oil production levels.

The nations didn’t reach an agreement on the subject.

“OPEC and Russia and various countries met and decided they weren’t going to freeze oil and, in fact, OPEC said they will increase production again. This will drive the price down to $26 (a barrel) again,” said oil producer Tom Cambridge.”

Governor Martinez first Hispanic to lead GOP governors


LAS VEGAS, Nev. – Gov. Susana Martinez will hold the reins of the Republican Governors Association through the 2016 election cycle, after being elected Thursday by fellow GOP governors as the deep-pocketed national group’s new chairwoman.

The vote means Martinez’s national profile will likely rise, as she’s expected to spend large chunks of next year traveling out of state to raise money and rally support for Republican gubernatorial candidates around the country.

N.M. Gov. Susan Martinez

But she insisted the increased RGA duties – which began immediately with Thursday’s election – will not distract her from her day-to-day responsibilities in New Mexico.

“It’s an honor, and it allows me to showcase New Mexico throughout the country,” Martinez told the Journal during a break from the RGA annual meeting, held at the Encore at Wynn Las Vegas hotel. “I think that’s really an amazing opportunity.”

Martinez, who had been the RGA’s vice chairwoman, is the first woman and first Hispanic to lead the GOP governors group. She was recommended for the top position by the RGA’s executive committee and elected to the post Thursday by acclamation. Wisconsin Gov. Scott Walker, who recently dropped out of the Republican presidential race, was elected the group’s vice chairman.

No other Republican governors formally announced bids for the chairmanship.

NM Energy Outlook Summit: Forecasts hazy for industry in flux by Sal Christ Reporter Albuquerque Business First


For the complete article use this link–> http://www.bizjournals.com/albuquerque/blog/morning-edition/2015/11/nm-energy-outlook-summit-forecasts-hazyfor.html

Panelists at Business First’s second annual New Mexico Energy Outlook Summit yesterday offered but one common ground: Something needs to be done to turn the industry around.

Emceed by ABF publisher Candace Beeke, the event brought together Dr. Daniel Fine, associate director of the New Mexico Center for Energy Policy at New Mexico Tech and a senior policy analyst in the New Mexico State Department of Energy Minerals and Natural Resources; Ron Darnell, senior vice president of public policy for PNM Resources (NYSE: PNM); Bob Gallagher, president of RMG Consulting; and Regina Wheeler, chief executive officer of Positive Energy Solar.
Ron Darnell, senior vice president of public policy at PNM Resources, speaks during Thursday’s New Mexico Energy Outlook Summit while Regina Wheeler (left), CEO of Positive Energy Solar, looks on.

Over the course of 90 minutes, which included a keynote speech delivered by Fine and a panel discussion, the group addressed questions about the state of the energy industry in New Mexico and the United States, what 2016 might look like for the oil and gas industry and possible solutions to the current industry slump. While driven, in part, by audience-submitted questions, everyone offered a much differing perspective.

In his keynote speech, Fine said he was “coming with realism and bad news” and believed that while no one can forecast the price of oil, “we should prepare for 2003 prices.” He estimated that the price of oil could drop to the $22 to $28 range by June 2016.

Fine also said that the state could see a 10 percent reduction in shale production by that time, as well. He cited increased foreign production of oil over the last couple of years, China’s stabilization at a lower growth rate, decreased commodity demand and the Organization of Petroleum Exporting Countries’ (OPEC) price war with the U.S. shale industry.

Publisher’s Note: Energy Industry Critical to New Mexico, Your Business


For the complete article use this link–> http://www.bizjournals.com/albuquerque/blog/2015/11/publishers-noteenergy-industry-critical-to-new.html by Candace Beeke is the president & publisher of Albuquerque Business First

It’s time to talk seriously about the energy industry in New Mexico. And you have some work to do.

Whether your business is directly involved in this industry, it’s very much tied to its outcomes — and right now, there’s much concern about that in the state. After all, some 30 percent of New Mexico’s tax base comes from oil and gas. And you’ve read the headlines we’ve been reporting on how that sector is faring. If you haven’t, let me recap — it’s a fracking mess. The price of oil dropping more than a year ago has resulted in rapid cost cutting from many of the energy majors, including ConocoPhillips (NYSE: COP) and Halliburton Co. (NYSE: HAL), both of which have major operations and workforce in New Mexico — although smaller now.
Some 30 percent of New Mexico’s tax base comes from oil and gas.

But that’s just one sector of energy. At Albuquerque Business First’s Energy Outlook event Nov. 12, we will hear from the CEO of one of the fastest-growing companies in New Mexico — Positive Energy Solar. And Positive wasn’t the only energy player on ABF’s List of gazelle companies this year. Affordable Solar Group ranked high and made Inc.’s list of fastest-growing companies, as well.

In addition to solar, we will hear from New Mexico energy giant PNM Resources (NYSE: PNM), which has its hands stretched into multiple sectors of energy. We’ve also added oil and gas expert Bob Gallagher, whom many of our readers will remember from his decade of leading the state’s oil and gas association, NMOGA, as well as his time as advisor to the U.S. Secretary of Energy. Gallagher tells me it’s not all doom and gloom in New Mexico oil and gas. In fact, he knows of pockets in the state that are growing rapidly and seeing strong new investment.
But New Mexico doesn’t operate in an energy vacuum. It’s critical for our companies — whether involved directly in energy or on the periphery of it, as most of us are — to understand the global and national challenges facing this industry. Dr. Daniel Fine from the Center of Energy Policy at New Mexico Tech will give us that broad overview and tell us what’s coming in the future.

New Mexico Energy Outlook Summit 2015 with Keynote leading energy expert Dr. Daniel Fine: Join us!


Join Albuquerque Business First for the 2nd Annual New Mexico Energy Outlook Summit. This Summit will offer business leaders unique access to energy insights that will affect your company in the year to come.

  • When: Thursday, November 12, 2015,7:30am-9:30am Add to my calendar
  • Where: Sandia Resort & Casino: Ballrooms A&BAlbuquerque NM
  • To register use this link–> http://www.bizjournals.com/albuquerque/event/115971#eventDetails
  • Sponsors

    Presenting Sponsor
    Supporting Sponsor
    Event Partner
    For more information on how your company can sponsor one of our events, please contact Tamra Fenstermaker at tfenstermaker@bizjournals.com or 505-348-8326.

    Event Information

    The second annual New Mexico Energy Outlook will offer business leaders unique access to energy insights that will affect your company in the year to come. Beginning with a keynote by Dr. Daniel Fine, this session will focus on how the evolving landscape of the energy industry and the world’s demand for energy will affect our state and economy. The 30-minute presentation will be followed by a panel discussion featuring executives from the top companies in New Mexico’s energy landscape. Moderated by Albuquerque Business First Publisher Candace Beeke, the panel will be driven by audience questions.

    Panelists include:

    • Dr. Daniel Fine, associate director, Center for Energy Policy
    • ConocoPhillips senior executive
    • Ron Darnell, senior vice president of public policy, PNM Resources
    • Regina Wheeler, CEO, Positive Energy Solar

    Session highlights include:

    • The OPEC price war and how it impacts NM
    • The price cycle for oil, natural gas and others, and outlook for prices
    • Production capacity – where it is rising, where it is falling
    • Outlook for employment in energy trades
    • Impact of and future for renewable energy in NM
    • Opportunities and challenges for the energy sector in NM as a whole
    • How the energy sector will shape the broader economy

    Daniel_Fine_Associate_Director_Center_for_Energy_Policy

    Keynote speaker:

    Dr. Daniel Fine
    Associate Director
    Center for Energy Policy

    New Mexico Tech

    Dr. Daniel Fine is the Associate Director of the New Mexico Center for Energy Policy and is a Senior Policy Analyst in the New Mexico State Department of Energy Minerals and Natural Resources.

    He is a long time research associate at the Mining and Minerals Resources Institute (MIT). Fine is also a policy adviser on nonconventional oil and gas. He is co-editor of Resource War in 3-D: Dependence, Diplomacy and Defence, has contributed to Business Week, the Engineering and Mining Journal and the Washington Times. He has given testimony on strategic natural resources before the U.S. Senate Committees on Foreign Affairs and Energy and Natural Resources.

    ABOUT NEW MEXICO CENTER FOR ENERGY POLICY
    The New Mexico Center for Energy Policy (NMCEP) is the first community-centered response to the challenge of national energy security in the United States. Its location in Lea County reflects the New Mexico Southeast as a historic and contemporary source of energy production and technology. Energy policy-making in Washington and in state capitals is often limited to “witness” appearances from “locals”. Energy policy developed and promoted by an energy production community has been non-existent until now.

    Registration & Networking  | 7:30AM
    Breakfast and Program | 8:00AM – 9:30AM

    Sandia Resort & Casino has overnight accommodations at a reduced group rate of $159 until October 11, 2015. RESERVE OVERNIGHT ROOMS HERE.

Deregulation and Business Opportunities in the Mexican Energy Market w/ leading experts @ La Plata County Economic Summit 2015


The Mexican government has recently completed some of the most sweeping energy reforms in the world. Hear from experts on the deregulation of the energy markets in Mexico, and how to find opportunities for your business in both the energy sector and elsewhere in the Mexican economy.
To register for the summit use this link–> https://events.bizzabo.com/200300/home
Please join us and share this with your friends!

Speakers

Sandi Moilanen
Director-International Division
Colorado Office of Economic Development and International Trade

Daniel Fine
Associate Director
New Mexico Center for Energy Policy

Elie Smilovitz
Consul for Political, Economical, and Press Affairs
General Consulate of Mexico

Tag Cloud