EnergyFactor By ExxonMobil | Pespectives has a new home


All Posts from July, 2013

Big data in the oil patch

Posted: July 31, 2013 by Ken Cohen

One of the more intriguing sections in the McKinsey & Company “game changer” study I wrote about recently is the section on harnessing digital information to raise productivity.

The Gasland II flameout

Posted: July 30, 2013 by Ken Cohen

We live at a time when documentaries can have far-reaching influence on the public dialogue. The best ones explore issues with integrity and intellectual honesty. Nowhere is this more important than with regard to energy policy – where facts and science should guide our discussions.

Is there reason to hope that the U.S. economy can escape the doldrums that have hampered growth for the last five years? According to McKinsey & Company the answer is yes.

Phil Mickelson’s storybook finish to win the British Open on Sunday will go down in the annals of golf. But that’s not the only big news going on in his world this week. This coming Friday, Phil will attend the closing ceremony for the 2013 National Mickelson ExxonMobil Teachers Academy.

Last year North Dakota’s Bakken region registered record oil production of 600,000 barrels per day – a 100-fold increase over just six years earlier. Ten months later, the record set last July seems a distant memory.

The scramble among refiners to purchase RINs has sent the price of these credits skyrocketing. Platts Commodity News reported yesterday that prices soared to $1.32 per RIN on Monday, the fifth record in the previous six trading sessions. By contrast, RINs traded for two cents apiece last year.

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