Recent Posts
Seconding the motion: “End the gas-price blame game”
“The economics of gas prices are comprehensible. It’s the politics that don’t make sense.” That’s a quote from a recent Washington Post editorial about the rise and recent fall of gas prices, aptly titled “End the gas-price blame game.” The editorial, published before last week’s announcement of the release from the Strategic Petroleum Reserve, summarizes an all-too-familiar scenario in the U.S. political game: When gas prices rise, politicians look to place the blame in a variety of places – oil companies, opposing political parties, Wall Street traders, Federal Reserve policies, and others.
New ExxonMobil YouTube channel
For those regular readers of my blog over the past year, you’ve heard my commentary about a range of important issues – from energy security and access to safety and education. Now, you can hear more about these issues from our employees and partners through videos on our new YouTube channel.
Facts on the hydraulic fracturing process
A couple weeks ago, I pointed to a U.K. Parliamentary study that found that hydraulic fracturing–a method that’s enabling greater production of natural gas in shale and other formations–poses no more risk to the environment or water supplies than any other oil and gas production technique. What’s most important about hydraulic fracturing is ensuring that proper well design and water handling procedures are rigorously applied at every well. But public questions remain, and I think many people might be wondering, “So what exactly does ‘proper well design’ mean?”
Is North America a land of opportunity for energy?
Last week, we announced a major oil and natural gas discovery in the Gulf of Mexico – one of the largest there in the last decade. For those who assume that oil only comes from the Middle East or other overseas locations, this find might come as a surprise. It shouldn’t. North America has enormous untapped energy potential that we could develop for American consumers – if governments provide access and uphold sound, stable regulatory frameworks.
