OPEC Doesn’t Understand The U.S. Oil Industry

OPEC’s secretary general has asked U.S. shale oil producers to cooperate with the cartel to keep the global oil market out of an oversupply situation. That betrays a fundamental misunderstanding of how the U.S. oil industry works.

How Climate Change Helps Drive Extreme Weather Events

Even if you don’t accept that human activity is altering the climate, the relationship between warmer oceans and extreme weather events is undeniable.

Harvey’s Impact On The Energy Market Will Be Substantial

An estimated 30% of the country’s refining capacity was impacted by the storm. Some of that will likely be impacted for weeks. That means there is going to be a period in which we have too much oil, and too little gasoline and diesel. Ongoing price spikes are inevitable.