Big Oil

Oil investor warns of "energy crisis" for U.S. producers

Graphic of U.S. Oil exports
Data: Energy Information Administration; Chart: Cambridge Calculations, courtesy of Karl Schamotta

After we published our story last week on the booming prospects for American oil exploration in the next decade, Anas Alhajji, an oil industry adviser and longtime investor, directed Axios to an op-ed he'd written for the Financial Times arguing the converse.

Why it matters: Alhajji asserts that demand is growing substantially for heavy crude while supply is growing substantially for light crude from U.S. shale, creating a mismatch of supply and demand. The imbalance will choke off the growth of shale and the broader market, leading to an "energy crisis."

A K Street carbon alliance

illustration of hand erasing smokestack smoke
Illustration: Rebecca Zisser/Axios

A year-old coalition of large oil and power companies working on carbon capture and storage is now under the umbrella of the National Association of Manufacturers, a powerful lobbying association, Axios has learned from lobbying disclosures and interviews.

Why it matters: The affiliation of the Energy Advance Center (EAC) — which includes Exxon, Chevron, Southern Company and Mitsubishi Heavy Industries America — with NAM arrives at an important time.

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