428 episodes

In-depth weekly analysis of US energy policy news from S&P Global Commodity Insights senior editors covering the Capitol. Hosted by Jasmin Melvin.

Capitol Crude: The US Energy Policy Podcast S&P Global Commodity Insights

    • News
    • 3.8 • 4 Ratings

In-depth weekly analysis of US energy policy news from S&P Global Commodity Insights senior editors covering the Capitol. Hosted by Jasmin Melvin.

    Does offshore wind have the right stuff to make it as the new kid on the block?

    Does offshore wind have the right stuff to make it as the new kid on the block?

    The US has dozens of offshore wind projects in the pipeline as the Biden administration has set its sights on deploying 30 GW of offshore wind by 2030 and 110 GW by 2050. And 11 coastal states have already set procurement targets that exceed 50 GW through 2035 and surpass 75 GW by 2045.
    But if the industry wants to build the up to 200 GW of capacity necessary to decarbonize power grids and become a staple in federal waters like the oil and gas sector, early and frequent planning must be a priority. What’s more, a new report from The Brattle Group -- commissioned by the American Council on Renewable Energy, known as ACORE, and other clean energy advocacy groups – found that proactive transmission planning over the next several decades could save at least $20 billion in transmission costs associated with reaching the country’s offshore wind goals.
    S&P Global Commodity Insights power news editor Kassia Micek spoke with José Zayas, ACORE’s executive vice president of policy and programs, about the state of the US offshore wind market, steps needed to achieve development goals, and where the wind, oil and shipping industries link up.
    Stick around after the interview for Starr Spencer with the Market Minute, a look at near-term oil market drivers.

    • 18 min
    What the FERC is going on with gas policy and regulations?

    What the FERC is going on with gas policy and regulations?

    The Federal Energy Regulatory Commission is starting the new year with a 2-2 partisan split after former Chairman Richard Glick was forced to bid adieu to the agency after his renomination stalled out. The divide could complicate action on some of the thornier issues before the agency, and there is a risk of 2-2 deadlocked votes that could stall project authorizations.
    S&P Global senior editor Maya Weber joined the podcast to break down what’s happening at FERC and what its agenda could mean for natural gas producers and other stakeholders. She also shed light on climate actions being pursued by the Biden administration that could impact the gas sector and provided some clarity on whether President Joe Biden is really trying to ban gas stoves.
    Stick around after the interview for Chris van Moessner with the Market Minute, a look at near-term oil market drivers.

    • 15 min
    2023 is shaping up to be a year of discipline, caution and little change for the US upstream

    2023 is shaping up to be a year of discipline, caution and little change for the US upstream

    After substantial recovery in 2022 from the low crude prices and oil demand brought about by two years of the coronavirus pandemic, 2023 appears beset with uncertainties. Russia’s war with Ukraine, wobbly oil prices and heavy Chinese fuel demand have dampened what was earlier hoped to be a sanguine oil patch in the new year. With inflation gobbling up what are likely to be low-double-digit capital spending increases and E&P operators signaling flattish 2023 activity, US oil and gas producers seem determined to "lay low" while waiting for greater visibility on near-term energy market fundamentals.
    Rene Santos, manager of North American supply and production for Platts Analytics, joined Starr Spencer on the podcast to share his thoughts on what may be awaiting the US upstream sector in 2023 as it prepares for a new year of drilling and production and waits for the lifting of clouds cast by events beyond its control.
    Stick around after the interview for Jeff Mower with the Market Minute, a look at near-term oil market drivers.

    • 12 min
    Magic 8 Ball shows ‘outlook good’ for US oil producers in 2023, analyst agrees

    Magic 8 Ball shows ‘outlook good’ for US oil producers in 2023, analyst agrees

    What will 2023 have in store for the oil sector?
    EY principal Pat Jelinek is expecting healthy oil prices next year, increased investment in oil companies’ traditional businesses and adjacent lower carbon options and “a pretty good outlook” for US oil and gas producers in the near term. Jelinek, EY’s oil and gas leader for the Americas, joined the podcast to give his take on what’s to come for the US oil industry as it contends with continued geopolitical instability, the uncertainty of domestic politics and dueling forces to promote energy security and decarbonization.
    Stick around after the interview for Jeff Mower with the Market Minute, a look at near-term oil market drivers.

    • 15 min
    RFS blending mandate ‘makes no sense, disconnected from reality’: biodiesel group

    RFS blending mandate ‘makes no sense, disconnected from reality’: biodiesel group

    The US Environmental Protection Agency has pitched raising the amount of renewable fuel that US refiners must mix with gasoline and diesel over the next three years. Ethanol producers generally applauded the agency’s latest proposal for the Renewable Fuel Standard program, but the biodiesel sector was dismayed and accused the EPA of lowballing the renewable volume obligations for biomass-based diesel, undermining biodiesel and renewable diesel’s growth potential.
    Kurt Kovarik, vice president of federal affairs at Clean Fuels Alliance America, which represents the biodiesel, renewable diesel and sustainable aviation fuel industries, joined the podcast to share his thoughts on the EPA’s proposed RFS rule, its potential impacts on clean fuel projects in the pipeline and the likelihood that the EPA will, in his words, “course-correct,” in the final rule due in June.
    Stick around after the interview for Starr Spencer with the Market Minute, a look at near-term oil market drivers.

    • 18 min
    Advocacy firm teaches legacy energy to challenge the climate narrative

    Advocacy firm teaches legacy energy to challenge the climate narrative

    Policy and culture in the US have aligned to paint Big Oil as the bad guy, and its time the industry started fighting back, according to Ellen Wald and Jacqueline Plunkett, who launched Washington Ivy Advisors to advocate for the necessity of legacy energy.
    Wald, who serves as chief industry officer at the firm, and Plunkett, the firm’s chief strategy officer, want to put an end to the combative rhetoric that pits fossil fuels against renewables so the resources can work hand in hand, with fossil fuel investment spurring on clean energy investment. They joined the podcast to explain the social equity need for legacy fuels and how the anti-fossil fuel cultural barrage could be doing more harm than good to the energy transition movement. They also shared how leveraging new techniques that combine energy expertise, digital marketing and brand management could help the oil and gas sector change the narrative to showcase the industry’s value to a reliable energy ecosystem and role as a force for good in the world.
    Stick around after the interview for Chris Van Moessner with the Market Minute, a look at near-term oil market drivers.

    • 18 min

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