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 […]
OPEC isn’t dead, but the U.S. oil production surge has broken OPEC’s stranglehold on global oil prices.
It would have been unthinkable a few years ago, but here I explain why the Permian Basin may soon push Saudi Arabia’s Ghawar oilfield as the most prolific in the world.
As 2018 comes to a close, it’s time to review the top energy stories of the year. This year there wasn’t an overwhelming choice for the top story as we have had in some previous years (e.g., the […]
Last week the price of West Texas Intermediate (WTI) crude oil, the primary U.S. benchmark, fell to a 17-month low. The price, $45.88/bbl, marks a stunning fall from a price that closed at $76.40/bbl on October 3rd. […]
On the subject of oil prices, President Trump seems firmly stuck with a 2005 mindset, when the U.S. was the largest oil importer in the world. But times have changed.