Moving aggressively in the direction of cleaner energy is a great thing. Setting goals that aren’t based in realism is a good way to be ridiculed.
In the previous article, I discussed the global nature of the oil markets. But the shale oil boom in the U.S. temporarily increased the localized impact on the West Texas Intermediate (WTI) benchmark. As a result, its price diverged from […]
As U.S. crude oil production surged over the past decade, West Texas Intermediate prices became deeply depressed relative to international benchmarks. A change in the law fixed that, and turned the U.S. into a major crude oil exporter.
The problems in Venezuela’s oil industry can be traced back to several key decisions that took place over the past 20 years.
The latest Annual Energy Outlook from the Energy Information Administration suggests that the U.S. is on the cusp of becoming a major net energy exporter.
Last week the U.S. recognized the opposition in Venezuela as the rightful ruler of the country. Here’s how that might impact the global oil industry.
Natural gas inventories are returning to normal, and prices have plunged in response.
President Trump recently asked if it was just luck that gasoline prices are low and falling. Yes, sometimes it is just luck.
As we begin 2019, the energy markets and the stock markets are experiencing incredible volatility. Both underwent steep declines during the latter part of last year, but both are off to a fast start in […]
I had intended to grade my 2018 energy predictions before now, but one of them wasn’t decided until the last day of the year. But after the stock market closed on December 31st, I was finally able to […]