Yet incomplete information about these hydrocarbons being extracted may have facilitated industry’s manipulation of the system to influence the market for their own benefits. Commerce Department’s Bureau of Industry and Security (BIS) may have been unnecessary. Moreover, the move by Pioneer Natural Resources and Enterprise Products Partners to gain approval on exporting condensate through a private ruling from the U.S. Especially in this case when there is a lack of industry consensus, it is clear that decision makers need more information to independently verify and balance wide-ranging interests. crude oil ban cannot be satisfactorily resolved without expanded data collected by EIA. For example, recent debate regarding the lifting of the U.S. The lack of accurate, real-time data also confounds critical public discourse. This lack of information can lead to market failures, with unintended economic and societal consequences. The fact that America’s tight oil and shale gas boom took the nation by surprise is testament to the fact that essential, timely oil data is not being adequately reported. Department of Energy) will need a surfeit of knowledge from the evolving oil field. In order to forecast important oil trends, EIA (the statistical arm of the U.S. More >ĮIA can no longer rely on the oil industry to gather and report limited, non-verifiable, inconsistent data to the U.S. Gordon was director of Carnegie’s Energy and Climate Program, where her research focuses on oil and climate change issues in North America and globally. As the oil value chain adapts to the availability of new liquid hydrocarbon resources, it will be critical for more thorough, robust, up-to-date data collection to inform the public, policymakers, and a wider array of private and NGO stakeholders. New oils are also transforming midstream and downstream markets-from oil transport practices to refining techniques. The market has different exploration, development, and production choices today than it did in decades past under different technical and economic conditions. and global oils presents new challenges and opportunities. The Carnegie Endowment for International Peace (Carnegie) hereby submits the following comments pursuant to the Energy Information Administration (EIA) Notice and Request for Comments on Form EIA-914, “Monthly Natural Gas Production Report.” In response to EIA’s proposal to add the collection of crude oil and lease condensate production data at the state level to Form-914, Carnegie suggests that EIA expand reporting specifications on a broader extent of changing conditions and compositions of U.S.
0 kommentar(er)
