Energy and Entrepreneurs

by Raymond J. Keating – The U.S. energy sector – namely, crude oil and natural gas – has experienced a breathtaking rebirth over the past 15 to 20 years thanks to innovations and technological advancements in the areas of hydraulic fracturing and horizontal drilling. The U.S. not only has seen a transformation in terms of […]

by Raymond J. Keating – The U.S. Energy Information Administration (EIA) recently noted that it expects “U.S. fossil fuel production to continue rising in both 2022 and 2023, surpassing production in 2019, to reach a new record in 2023.” Source: U.S. Energy Information Administration The EIA highlighted the following breakdown: “Of the total U.S. fossil […]

by Raymond J. Keating – Markets are forward looking. Elected officials would do well to keep this in mind when they rail against various industries, and threaten increased taxes and regulations. Indeed, while businesses, industries and the economy are undermined when taxes and regulations are imposed and the full costs of these government command and […]

by Raymond J. Keating – The story of U.S. energy production is a wondrous example of how technological developments can transform what many considered an old-line industry. Technological advancements – such as advancements in hydraulic fracturing and horizontal drilling – took the U.S. from seemingly being destined to rely more and more on foreign sources […]

  by Raymond J. Keating – Things have gotten very uncomfortable on the inflation front – especially since the start of 2021. Over the past year, inflation (as measured by the Consumer Price Index) ran at 5.4 percent. Businesses are struggling with rising input costs, and consumers obviously are getting hit in the pocketbook by […]

To Members of the United States Senate: On behalf of the Small Business & Entrepreneurship Council (SBE Council), I am writing to urge your support of Paycheck Protection Program (PPP) legislation being advanced today, which would reopen, renew and make practical PPP reforms to aid many more struggling Main Street businesses. Each and every day, […]

by Raymond J. Keating- A surefire way to make matters worse during a time of economic and political uncertainty is to impose additional governmental costs and controls, like higher taxes. And that includes taxes on imports – or tariffs. Three things have been clear about misguided trade policies over the past three-and-a-half years: ● First, […]

by Raymond J. Keating- The deep economic downturn we are experiencing obviously has resulted in a dramatic drop in energy demand. And that obviously manifests itself in a big decline in prices, such as the price of oil falling from $52.78 a barrel on February 20 to $22.76 on April 9. While there’s been a […]

by Raymond J. Keating- In previous blog posts and articles, I’ve noted the following about energy but it warrants repeating. Over the past century, there are two things one can count on in terms of energy. First, doom-and-gloomers will regularly predict that “the end is near” regarding energy resources. Namely, they predict that humanity faces declining […]

The Nation’s Small Businesses Have Contributed Significantly to U.S. Energy Independence by Karen Kerrigan– The United States leads the world in petroleum and natural gas production, and our entrepreneurs and small businesses have played a major role in this recent ascent to dominance. Energy prices have become more stable for small businesses, which means less […]