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Petroleum politics have been an increasingly important aspect of diplomacy since the rise of the petroleum industry in the Middle East in the early 20th century. As competition continues for a vital resource, the strategic calculations of major and minor countries alike place prominent emphasis on the pumping, refining, transport, sale and use ...
The DOE previously announced in March that it was soliciting 3 million barrels of oil for its Bayou Choctaw site in Louisiana — one of four major storage facilities for the Strategic Petroleum ...
State and local energy policies typically relate to efficiency standards and/or transportation. [2] Federal energy policies since the 1973 oil crisis have been criticized for having an alleged crisis-mentality, promoting expensive quick fixes and single-shot solutions that ignore market and technology realities. [3] [4]
In return, Shell retained two Louisiana refineries (Convent and Norco), eleven distribution terminals, and received a $2.2 billion balancing payment. [ 12 ] [ 13 ] Energy and Middle East experts speculated that, through acquiring Port Arthur Refinery, Saudi Aramco would maintain a dominant presence on the Gulf of Mexico coast.
U.S. Sen. Bill Cassidy, sate Sen. Caleb Kleinpeter and state Rep. Blake Miguez support legislation promoting Louisiana and American industry.
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
Hazmat crews at a Marathon petroleum plant worked to contain a fire and chemical leak that forced Louisiana residents within a 2-mile radius of the facility to evacuate their homes, schools and ...
Taylor Energy is an American oil company that is based in New Orleans, Louisiana that drilled for oil in the Gulf of Mexico. [1] [2] [3] The company was founded on July 20, 1979 by Patrick F. Taylor.