U.S. Oil Production at Record Highs Amid Flat Growth

I have noted in recent articles that U.S. oil production is presently at about the same level it was 10 months ago. In August 2023, the U.S. produced 13.0 million BPD of crude oil. That […]

A Staggering Excess Of Oil By 2030 is Unlikely

The International Energy Agency (IEA) recently released its Oil 2024 report, which examines the global dynamics for oil supply security, refining, trade, and investment. The report received considerable media attention because of the projection that […]

OPEC is Trying to Outlast The Shale Boom

Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day. In the early days of the shale boom, when it wasn’t clear whether this development would have a […]

OPEC+ Extends Production Cuts Into 2025

The OPEC+ alliance, which includes Saudi Arabia and Russia, two of the world’s Top 3 oil producing countries, met in Riyadh, Saudi Arabia at the 37th OPEC and non-OPEC Ministerial Meeting. The group reaffirmed their […]

ConocoPhillips Bolsters U.S. Shale Assets With Acquisition Of Marathon Oil

ConocoPhillips announced plans to acquire Marathon Oil Corporation through an all-stock transaction valued at $22.5 billion, including $5.4 billion in net debt. Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each […]

Charting the Dramatic Fall of Coal in the U.S. Energy Mix

The U.S. energy landscape has undergone a remarkable transformation since 2000. The changes reflect broader economic, technological, and policy trends that have influenced the nation’s energy mix. One area that has experience significant upheaval is […]

Why The Natural Gas Price Collapse May Not Last

Whenever I try to get a feel for the direction of natural gas prices, the Energy Information Administration’s (EIA) Weekly Natural Gas Storage Report is the first place I stop. This report provides an update […]

The Strategic Petroleum Reserve is Not Being Refilled

Over the past week, multiple stories have appeared in the media with headline phrases like “The U.S. is refilling the Strategic Petroleum Reserves.” However, this is misleading at best. To recap, the SPR is maintained […]

Why the Big Oil and Big Tobacco Comparisons are Ludicrous

Recently the Senate Budget Committee held a hearing to discuss a recent report that accused “Big Oil” of a “decades-long deception campaign” to misinform the public about the dangers of climate change. Sharon Eubanks, a […]

Biden Administration Bans Fossil Fuel Usage In Federal Buildings

The U.S. Department of Energy has finalized a rule banning fossil fuels from new and renovated federal buildings. The Clean Energy for New Federal Buildings and Major Renovations of Federal Buildings Rule, mandated by the […]