Gasoline Prices Have Probably Peaked For Now

Following Russia’s invasion of Ukraine and the subsequent sanctions on Russian oil, the price of crude oil rapidly climbed above $120 a barrel. Gasoline prices — which had already been climbing since bottoming out in […]

If Oil Companies Control Prices, Why Do They Ever Lose Money?

With oil prices still over $100 a barrel, one thing is certain. Oil companies are going to make big profits. But misconceptions abound about the connection between high oil prices and high profits. After years […]

German Clean Energy Hub Pivotal To Reducing Reliance Of Russian Gas

The ongoing conflict in Ukraine and the subsequent sanctions against Russia have highlighted Europe’s vulnerability when it comes to energy security. At present, the EU receives around 40% of its gas, 46% of its coal, […]

Why Trees Are An Ideal Source Of Renewable Power

One of the more controversial renewable energy resources is woody biomass, such as trees. It shouldn’t be, because biomass can be a highly sustainable resource, if it is properly managed. I lived in Hawaii for […]

No, Former President Trump Did Not Fill The Strategic Petroleum Reserve

I have often noted that presidents have few ways to impact gasoline prices in the short term. However, one of the ways they can make a short-term impact is to release oil from the nation’s […]

U.S. Oil Companies Have Increased Drilling By 60% In One Year

One of the latest lines of attack in the finger-pointing over rising gasoline prices goes like this: U.S. oil companies are sitting on a huge number of permits, content to reap enormous profits while they […]

Are You Really Being ‘Gouged’ At The Pump?

I have gotten a lot of questions recently about when we may see some relief at the gasoline pump. Complaints have grown in recent days, because oil prices tumbled after spiking, yet gasoline prices didn’t […]

How Much Of The Gasoline Price Surge Is President Biden’s Fault?

One year ago this week I wrote an article that turned out to be my most popular Forbes article ever: Who Is To Blame For Rising Gasoline Prices? The article got more than a million […]

What Is Holding Back U.S. Oil Production?

In the months leading up to the Covid-19 pandemic, U.S. oil production hit an all-time high of just below 13 million barrels per day (BPD). As the pandemic unfolded, demand collapsed, and production followed. By […]

Per The EIA, The U.S. Is Still Energy Independent

Last December I covered the nuances of U.S. energy independence. A common belief that I encounter is that President Trump made us energy independent, but we lost that energy independence under President Biden. That’s not […]