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October 24, 2013
2013: Rounding the bend
As we head into the final quarter of 2013, we remain excited about the energy revolution unfolding in North America. Gaining momentum daily, this energy renewal has the potential to dramatically fuel U.S. economic growth by creating more than a million U.S. jobs and generating billions in federal, state, and local tax revenues. It also is creating catalysts for change and opportunity throughout the North American energy value chain.
July 23, 2013
2013: Mid-year review
As we move into the second half of 2013, the nation continues its progress toward energy security. In fact, in March, we actually met more than 80 percent of our own energy needs. The robust oil and natural gas production out of North America’s unconventional shale basins continues to grow at an astonishing pace, with U.S. oil production this year hitting its highest level (an average of 7.3 million barrels per day) since January of 1992.¹ This robust production is also powering growth in the midstream sector of the energy value chain, creating profitable opportunities for midstream companies involved with transporting oil and gas from drilling sites to where they are needed.
April 17, 2013
2013: Off and running
With 2013 well underway, we continue to be excited about the North American energy renewal, with domestic production gaining momentum. While persistent headlines have drawn broad attention to this story, Americans are just now becoming aware of the positive implications for our economy and for North America's growing relevance as a global leader in energy production. Just as significant, however, is the pace at which oil and natural gas production is driving meaningful pipeline infrastructure buildout to adequately and efficiently transport these natural resources from collection sites to areas of growing demand. In the last three years, the U.S. added thousands of miles of oil and gas pipelines, but substantially more is needed to provide transportation quickly and efficiently to refineries and consumers.
January 23, 2013
2012 Year in Review
We continue to be optimistic about the North American energy sector and the potential for energy independence. Technology has changed the game in ways that dramatically benefit the North American energy sector. New techniques have enabled producers to unlock significant amounts of crude oil and natural gas across the U.S. and Canada, driving more efficient production, greater drilling success and faster drilling times. We believe these advances lay the groundwork for a decades-plus opportunity.
November 16, 2012
The U.S. presidential election may now be history, but investors still face a wall of worry as 2012 winds to a close. In addition to uncertainty about the balance of power in Washington, the markets have grown increasingly volatile as uncertainty escalates around the debt ceiling, burgeoning government debt, now at $16 trillion and growing, and a slew of monetary policy, tax and regulatory issues-the most pressing among them, of course, the looming year-end "fiscal cliff."
October 1, 2012
A look at 2012 to-date
We enter the fall of 2012 with a myriad of ongoing and emerging economic and geopolitical events dominating the headlines. Sluggish economic reports, a pending presidential election, turmoil in the Middle East and a potential fiscal cliff are all contributing to market uncertainty.
January 1, 2012
2011 Year in Review
Headlines in 2011 were dominated by one macroeconomic event after another as Eurozone debt concerns, the U.S. sovereign debt downgrade and slower than anticipated economic growth all contributed to broad-based market uncertainty. While energy was no exception to short-term volatility, the market recognized quality as evidenced by the performance of energy infrastructure pipeline companies. As we enter 2012, we believe the key fundamental drivers for the energy infrastructure sector remain intact, with accelerated growth potential on the horizon as a result of game-changing activity taking place in North American oil and gas shales.