Capitol Crude: The US Oil Policy Podcast Archive
February 21, 2017
The Texas Gulf Coast is gearing up to handle more US oil production and a potential rise in US crude exports, but pipeline capacity already outstrips the area's refining capacity.
February 13, 2017
The US FERC lost its quorum on February 3 and slipped into regulatory chaos. What does it mean for pipeline permitting and oil shipping rates and what does it say about partisanship in Washington?
February 06, 2017
Former ExxonMobil CEO Rex Tillerson has started his new job at the US State Department, and Capitol Crude considers how he may approach long-simmering tensions in the South China Sea.
January 30, 2017
President Donald Trump has moved in to the White House and has already begun what many believe will be a major shift in US energy policy.
January 23, 2017
Capitol Crude travels to Texas to discuss the impact President Donald Trump may have on US crude oil supply and gasoline demand.
January 17, 2017
Robert McNally, author of the new book 'Crude Volatility: The History and the Future of Boom-Bust Oil Prices' joins Capitol Crude to talk about the history — and future — of crude oil prices.
January 09, 2017
About two weeks before he plans to step down, Adam Sieminski, head of the US EIA, talks to Capitol Crude about future oil prices, the path of US production and global demand.
December 19, 2016
Many are watching US oil producers after the deal between OPEC and non-OPEC producers and Donald Trump's election, and John Hess, CEO of Hess Corporation, shares his thoughts about the future of US shale.
December 12, 2016
Energy independence is a goal for many when it comes to US energy security, and the future of both is influenced by both politics and complicated global energy markets.
December 05, 2016
Total renewable fuel is slated to break through the so-called blendwall in 2017, but how will a new presidential administration affect targets for the Renewable Fuel Standard?
December 01, 2016
In a special episode of Capitol Crude, Brian Scheid calls former podcast co-host Herman Wang in Vienna to get the details of OPEC's historic decision to cut production.
November 28, 2016
What are the best and worst scenarios from the upcoming OPEC meeting for Saudi Arabia, Iran, Iraq, Russia, the US and other crude producers?
November 21, 2016
After being buried in the White House policy graveyard by President Obama, the Keystone XL pipeline is back from the dead following Donald Trump's election win... or is it?
November 14, 2016
Senior editors Meghan Gordon and Brian Scheid share analysts' views on how President-elect Donald Trump might handle US sanctions against Russia.
November 09, 2016
In a special post-election episode of Capitol Crude, senior editors Brian Scheid and Meghan Gordon look at what impact Republican Donald Trump’s victory will have on US oil policy and markets.
October 31, 2016
Venezuela has more proven crude oil reserves than any other country, yet hundreds of thousands of people are unable to buy necessities and are marching in the streets of Caracas.
October 24, 2016
Former US Energy Secretary Bill Richardson joins Capitol Crude to detail the changing role of OPEC in the global oil market and oil diplomacy.
October 17, 2016
The fight in the US between oil and gas producers and environmentalists has taken on a more urgent tone lately, in part due to the country looking ahead to a new president.
October 10, 2016
This week’s Capitol Crude looks at the fallout from OPEC’s Algiers meeting and the prospects for rebalancing global oil supply and demand.
October 03, 2016
It’s Donald Trump, Hillary Clinton and crude oil on this week's episode as Capitol Crude looks at what the race for the White House means for US oil policy and global supply and demand.
September 26, 2016
Brian Scheid and Meghan Gordon look at the spike in earthquakes in Oklahoma and neighboring states, areas that contributed to the US oil and gas boom.
September 19, 2016
It was an era of low US crude oil production, high prices, long gasoline lines and disco, and saw the advent of policies that shaped topics at the forefront of today's oil industry.
September 12, 2016
Gulf of Mexico crude oil production is expected to grow -- even as US regulators are growing increasingly concerned about another major spill or loss of life from offshore safety.
September 06, 2016
Nick Steinsberger revolutionized the production of oil from shale. Here, we chronicle his work and what the future holds for slickwater fracking.
August 08, 2016
In the 100th episode of Capitol Crude, Platts senior editor Brian Scheid talks with Adam Sieminski, administrator of the US Energy Information Administration, on the state of the global oil market.
August 01, 2016
The Obama administration unveiled final regulations for drilling in US Arctic waters, but questions remain about the future of oil production there.
July 25, 2016
Low oil prices means drivers can take advantage of cheaper gasoline. But is the changing vehicle fleet undermining government fuel efficiency targets?
July 18, 2016
Fracking helped unleash a flood of new US oil and gas production, but it also brought a question: who, or what federal agency, has the power to regulate it?
July 11, 2016
Capitol Crude co-hosts Brian Scheid and Herman Wang couldn't get tickets to the Tony Award-winning musical "Hamilton," so they perform their own rap musical -- on oil policy, of course.
June 27, 2016
Taking their cues from Conan O’Brien, Platts senior editors Brian Scheid and Herman Wang take Capitol Crude into the future – all the way to the year 2020, with predictions about Taylor Swift, 3-D printers, and a potential global oil supply shortage.
June 20, 2016
The US' Strategic Petroleum Reserve needs a $2 billion makeover, but looming sales and a continuing global oil glut call into question how many barrels should be kept.
June 13, 2016
Preparing to drive to that summer vacation? Gasoline is one of the most recognizable oil products to Americans, yet what drives the market is unknown to many.
June 06, 2016
Now that the breaking news is winding down, Capitol Crude analyzes what the June 2 OPEC meeting means for the global oil market, US policymakers and US
May 31, 2016
Recent complaints out of Tehran that the nuclear deal has yet to yield tangible benefits leaves questions about the future of the deal and what it would mean for oil.
May 23, 2016
Iraq's semi-autonomous Kurdistan region has been hard hit by the oil price plunge, but it is attempting to pull its oil industry out of the shadows and toward legitimacy.
May 16, 2016
The appointment of former Saudi Aramco CEO Khalid al-Falih to the post of energy minister heralds a new era.
May 09, 2016
The state of the oil industry in Venezuela is having effects on the market in other parts of the 'neighborhood' -- like the US, Caribbean and Central America.
May 02, 2016
Mr. Bull and Mr. Bear have tea with their friends and debate how oil markets will be affected by crude production, demand, economic growth, finances and more.
April 25, 2016
Iran's planned post-sanctions oil production path is colliding with crude market realities, keeping the country's production and exports from ramping up to meet initial expectations.
April 18, 2016
Oil revenues let Alaska cut dividend checks to its residents, but now oil prices are low and production is down. What kind of options does the state have to bolster its finances?
April 11, 2016
Offshore oil and gas production has a long history in the Gulf of Mexico, but is industry interest in offshore production waning as public protests pick up?
April 04, 2016
Donald Trump's proposal to ban US imports of Saudi Arabian crude appears unfeasible, but is the plan already damaging fragile ties with the Saudis and other overseas allies?
March 28, 2016
As basketball fans watch March Madness, the oil industry is wondering if there could be a big upset in store from a summit of OPEC and major non-OPEC producers in Doha.
March 21, 2016
As President Barack Obama leaves for his historic trip to Cuba, what could a potential end to the long-standing trade embargo means for US crude oil and petroleum products exports?
March 14, 2016
Platts senior editors Brian Scheid and Herman Wang talk to Foreign Reports' Matt Reed to learn how IS oil is traded on the black market and who is buying it.
March 07, 2016
There's been a lot made of prices and economics when it comes to the US exporting crude oil, but what about the actual logistics and capabilities to export?
February 29, 2016
Rusty Braziel, CEO of RBN Energy, stops by to talk about some of the biggest influences on US shale producers at the moment, from OPEC to prices to technology and more.
February 22, 2016
The US is likely to raise its gasoline octane standard over the next decade or so, which has the ethanol industry shifting its fight to become a preferred blendstock into high gear.
February 08, 2016
What does it mean for American oil supply and the policies around the oil industry when US crude producers are losing billions of dollars?
February 01, 2016
While American crude has started to trickle out on to the world market, cargoes of crude grades the US hasn t seen in years are beginning to appear in domestic ports.
January 25, 2016
The market competition in Europe will be tough amid a changing refinery landscape; will exported US oil have what it takes to become Europe s American Idol?
January 19, 2016
This week, Capitol Crude looks at tyranny, autocrats, violent coups, and a big question, who really owns oil.
January 11, 2016
Implementation Day of the Iran nuclear deal is potentially just around the corner, but lifted sanctions on Tehran's oil sector bring political risks with its opportunities.
December 21, 2015
During the final Capitol Crude episode of 2015, we take a look at the effect of US crude oil production, consumption, and exports on climate goals.
December 16, 2015
In a special breaking news episode of Capitol Crude, hear about the deal from Congress that includes an end to limits on US crude oil exports and what it says about future policy.
December 14, 2015
When the world is awash with crude oil and prices have cratered over the past 18 months, can any federal policy make a difference to US producers?
December 07, 2015
Following the drama-filled OPEC meeting, Herman Wang and Brian Scheid detail the twists and turns of its Friday announcement about oil production.
November 30, 2015
George David Banks drops in to talk about the impact US oil production and export policy is having on diplomatic relations with China and the South China Sea territorial dispute.
November 23, 2015
It's the Marcia, Marcia, Marcia moment: Everyone's talking about the Paris climate talks and their impact on power markets, but what about oil markets?
November 16, 2015
Capitol Crude Conundrum, America's favorite US oil policy game show, asks about the Keystone XL pipeline, sales of oil from the SPR, and the oil swap with Mexico.
November 09, 2015
From deep in the heart of Texas, Platts' Brian Scheid and Matt Cook talk about US crude oil and condensate exports and Houston sprawl.
November 02, 2015
Brian Scheid and Herman Wang examine how the surge in US oil and gas production has put pressure on countries like Iran and Russia, as US diplomats are able to go into negotiations with greater leverage.
October 26, 2015
There are no Ewoks in this third installment, but Herman Wang and Brian Scheid complete their trilogy on US offshore oil and gas policy by examining the cancellation of future US Arctic lease sales.
October 19, 2015
The US' Jones Act and its impact on offshore oil production in the Gulf of Mexico is causing federal agencies to go public with their concerns.
October 12, 2015
Assessing the US EPA's NAAQS for ground-level ozone, which sees the air pollution limit lowered from 75 ppb to 70 ppb, drawing protests from the oil and gas industry and environmental groups alike.
October 05, 2015
After seven years and $7 billion, Shell's decision to abandon pursuing oil and gas drilling in the Arctic surprised many and could impact future E&P in the region.
September 28, 2015
The bald eagle is the national bird, but the bizarre greater sage grouse is the poster-bird for the relationship between the US oil and gas industry and undeveloped land.
September 21, 2015
Platts senior editors look at the risks of the possible US export policy issue getting swallowed up by partisan bickering and hollow debate.
September 14, 2015
Producers and consumers alike are becoming more attuned to the impact of goods of all sorts, and it's no different when it comes to a barrel of oil.
August 31, 2015
Platts senior editors duel over the notion of idled US shale oil wells contributing to global spare capacity, with implications for future price projections.
August 24, 2015
North Dakota's Bakken Shale embodies much of the best of the US' oil revolution and has been a success in spite of global oil market fundamentals.
August 17, 2015
Platts seniors editors tackle the Low Carbon Fuel Standard and whether California will be able to reach its goal of a 10% reduction in the carbon intensity of its transportation fuels by 2020.
August 10, 2015
Platts senior editor Brian Scheid tackles a question that's key to the Obama administration: Whether the administration's climate goals are at odds with the ongoing shale boom.
August 03, 2015
Platts senior editors Brian Scheid and Herman Wang slide tackle their way into the bipartisan, comprehensive US energy bill passed out of the Senate Energy and Natural Resources Committee last week.
July 27, 2015
On the 50th episode of Capitol Crude, Brian Scheid and Herman Wang look back at their year in podcasting and revisit some of the hottest oil topics to see what's changed and what's new.
July 20, 2015
Platts looks at how much Iranian crude could hit the market and when, which markets it could go to, what could happen to prices, and what it means for policy.
July 13, 2015
Time is of the essence when it comes to opening up US oil exports . . . or is it? Brian Scheid details why a vote on the issue could be coming soon.
July 06, 2015
It was a year of Star Wars, funk, Reggie Jackson and Saudi Arabian crude arriving in the US Strategic Petroleum Reserve. From 1977 until today, the US' place in the oil market has come a long way.
June 29, 2015
Come out of your tinfoil bunker: The Obama administration's recently announced plans to regulate commercial aircraft emissions, but any effects would likely be years in the future.
June 22, 2015
Did the Obama administration turn a T-Rex of a problem into an Indominus Rex of a problem, by requiring electronically controlled pneumatic brakes on oil trains?
June 15, 2015
Is a new plan by Congress to sell 64 million barrels of crude from the US Strategic Petroleum Reserve like a get-rich-quick scheme that's just too good to be true?
June 08, 2015
The US isn't a part of OPEC, but the US and its shale oil boom were still on people's minds at the conference and summit in Vienna last week.
June 01, 2015
Summer is starting, and Shell is planning to drill for oil offshore Alaska, much to the chagrin of environmental groups. Grab your sunscreen as Herman Wang and Brian Scheid discuss the ins and outs of the company's plans.
May 26, 2015
Brian Scheid and Herman Wang interview Senator Lisa Murkowski, Alaska Republican and chairwoman of the Senate Energy and Natural Resources Committee, about her efforts to lift the US' longstanding restrictions on crude oil exports.
May 18, 2015
The US, China and Venezuela are part of a shifting "love triangle" centered on crude imports and exports. Could the US rekindle its relationship with the Latin America country, once the largest source of US oil imports?
May 11, 2015
You've got questions? Capitol Crude has answers. Brian Scheid and Herman Wang look at the upcoming OPEC meeting, US negotiations with Iran, the future of Cuba's oil development, US exports and how to keep the spark alive.
May 04, 2015
The Peak Oil Peaker is a virtual roller coaster built entirely on oil market speculation. When will low prices and falling rig counts cause US production — and stomachs — to drop?
April 27, 2015
Forecasting oil prices is a tough game, and Herman Wang and Brian Scheid ask whether there's any value to long-term oil price forecasts or if there's too big of a chance of a fumble.
April 20, 2015
Brian Scheid and Herman Wang put their conflict resolution skills to the test as they stage an intervention between President Barack Obama and lawmakers in Congress, skeptical over his administration's nuclear negotiations with Iran.
April 13, 2015
Brian Scheid and Herman Wang are joined by John Kingston, president of the McGraw Hill Financial Institute, for a pretty ... pretty ... pretty interesting discussion of US crude policy.
April 06, 2015
Pull up a chair in the interrogation room and join Brian Scheid as he asks questions about new hydraulic fracturing rules and their impact on US oil and gas producers.
March 30, 2015
For the first time, Platts Capitol Crude goes on the road to Platts’ New York office for a deep look into the crude oil futures market and its impact on US policy.
March 23, 2015
The debate over expanding US crude exports comes as the American fossil fuel industry finds itself in the midst of a "body swap" movie: policy has not kept pace with a radical change.
March 16, 2015
The US oil industry and Obama administration are preparing for a duel over strict new safety rules governing shipments of crude by rail. Will the industry make it out with just a flesh wound?
March 09, 2015
We're going to need a bigger boat: climbing crude production, stagnant demand, politics and more prove that trouble can come from anywhere in the world of oil prices.
March 02, 2015
The US EPA's Chris Grundler may not be a member of Depeche Mode, but his appearance at the recent National Ethanol Conference unfolded like the British band's discography.
February 23, 2015
The launch of the US condensate export market was disappointing, influenced by crude price spreads, condensate quality and international competition.
February 16, 2015
Herman Wang and Brian Scheid explain how the oil industry is rife with controversial topics, but the "third rail" of US energy politics is the Jones Act.
February 09, 2015
Brian Scheid and Herman Wang compare the ongoing negotiations over Iran's nuclear program, which has implications for the country's oil sector, with trashy reality television.
February 02, 2015
Herman Wang and Brian Scheid go ringside for the big fight over the oil industry between the Obama administration and the Alaska congressional delegation, led by Senator Lisa Murkowski.
January 26, 2015
Herman Wang takes a deep dive into the US DOT's options on crude by rail as the oil, rail and other industries expect a final DOT rule to go to the White House at the end of January.
January 19, 2015
Platts senior editor Herman Wang gets Serial (and serious) about the Renewable Fuel Standard and the battle between the biofuels and oil industries.
January 12, 2015
When it comes to condensates, the US Commerce Department appears to be encouraging companies to decide for themselves whether their product is eligible for export.
January 05, 2015
On the first Capitol Crude of 2015, Herman Wang and Brian Scheid consider big policy changes the US could see in the new year to address the big questions of the oil industry.
December 22, 2014
Ever feel like you're living the same scenario over and over and over again? Bill Loveless stops by to talk about how crude oil prices and policy are a lot like "Groundhog Day."
December 15, 2014
Crude transportation safety measures are having the unintended consequence of making North Dakota environmental standards harder to meet for Bakken oil producers.
December 08, 2015
As companies announce their capital expenditures, there will be a better sense of how US oil production will change, which will impact issues like possible crude oil exports and domestic refining.
December 02, 2014
Herman Wang and Brian Scheid talk about the late nights, early mornings and crowded press conferences at the recent OPEC meeting, where ministers agreed to maintain their current 30 million b/d crude output ceiling into 2015.
November 24, 2014
Herman Wang and Brian Scheid talk about how Friday’s decision to punt the 2014 Renewable Fuel Standard into next year was a lot like Reebok’s disastrous Dan vs. Dave campaign ahead of the 1992 Olympics.
November 17, 2014
Rosemary Griffin, Capitol Crude's first-ever guest, joins Herman Wang and Brian Scheid evaluate the plot to give the Russian oil industry a black eye through sanctions from both the US and European Union.
November 10, 2014
Brian Scheid and Herman Wang look at the impact a Republican controlled Senate and an expanded Republican House majority will have on crude oil policy over the next two years, and question just how different it will be from when the Democrats ruled the cast.
November 03, 2014
Brian Scheid and Herman Wang talk about why US condensate exports are like a box of chocolates; how much processed condensate will the US be exporting, and where will it end up?
October 27, 2014
This week, Platts senior editors Herman Wang and Brian Scheid ask if the hundreds of millions of barrels of crude oil stashed away by the US government may indicate a hoarding problem.
October 20, 2014
Maybe it's OK for Saudi Arabia to be compared to the fumbling Philadelphia 76ers, as Herman Wang and Brian Scheid explain. After all, oil pricing and production is a tough game.
October 13, 2014
Brian Scheid and Herman Wang answer US crude policy questions submitted from listeners, including questions about Alaskan exports, the Jones Act, and Brent and WTI prices.
October 06, 2014
Herman Wang and Brian Scheid launch a new dating show for crude-by-rail regulations as PHMSA considers the proposals from oil companies, trade groups, railroad organizations and more.
September 29, 2014
Brian Scheid and Herman Wang look at what advanced baseball statistics can tell us about US crude oil production data. Do we need to rethink the way we gather and use oil production stats?
September 22, 2014
Herman Wang and Brian Scheid look at the ongoing fight over the Renewable Fuel Standard and compare it to the central conflict within history’s most famous vampire romance teen literature.
September 15, 2014
Brian Scheid and Herman Wang compare the ongoing campaign to allow US crude oil exports and unlink the idea of exports to gasoline prices at the pump to some of the most successful beer marketing campaigns.
September 08, 2014
Brian Scheid and Herman Wang discuss the Dippin' Dots of fuel and why it's a good time to pay attention to attempts at a crude policy from the US Congress.
August 25, 2014
Herman Wang and Brian Scheid wonder what exactly distinguishes Bakken crude from other US oil grades and discuss the latest federal offshore lease sale.
August 18, 2014
Platts senior oil editors Herman Wang and Brian Scheid take a trip down memory lane to look at the future of condensate splitters in the US and winter propane prices.
August 11, 2014
Brian Scheid and Herman Wang take a look at possible areas that will be the focus of the US offshore oil and natural gas production plan, as well as the sticking points between the energy industry and railroad industry over oil transportation.
August 04, 2014
Herman Wang and Brian Scheid discuss the possible political motives for a tanker of Kurdish crude to idle off the Texas coast as well as how companies are trying to unravel oil condensate processing secrets in an attempt to open up export possibilities.