The year ended on a solid note, with most sectors notching double-digit gains in the fourth quarter. However, the energy sector, which was the top-performing sector in the third quarter, pulled back in the fourth […]
The Top 11 Oil-Producing States In 2023
U.S. oil production has increased by 21% over the past five years. According to data from the Energy Information Administration (EIA), earlier this month U.S. oil producers set a new annual production record. This increase […]
The Top Energy Stories Of 2023
Following last year’s chaos in the energy sector, there were fewer big energy stories in 2023. I think there was one really big story that is yet well-known, and then a big drop after that. […]
Grading My 2023 Energy Sector Predictions
At the beginning of each year, I make several predictions about the energy sector. You can see those predictions and read the context in Energy Sector Predictions For 2023. There are still a few days […]
U.S. Producers Break Annual Oil Production Record
The U.S. set a new annual oil production record on December 15, based on data from the Energy Information Administration. Although the official monthly numbers from the EIA won’t be released for a couple of […]
Why Are Oil And Gas Production Rising When Rig Counts Are Falling?
Last week I pointed out in a TikTok video that the U.S. is poised to set a new oil production record. In response, someone took exception to my claim by stating that he works in […]
Understanding What OPEC Wants
On November 30, 2023, OPEC (Organization of the Petroleum Exporting Countries) and its allies, collectively known as OPEC+, agreed to cut oil production by 1 million barrels per day (bpd) starting in January 2024. This […]
Why Diesel Usually Costs More Than Gasoline
I recently took the plunge and registered on TikTok. I hadn’t thought it would be worth my time, because my impression had been that younger people didn’t care as much about energy issues. But then […]
Why Gasoline Prices Fall In The Fall
Gasoline prices are on the way down, and I am seeing a lot of chatter from people who are convinced this is political. After all, we are headed into an election year, and lower gasoline […]
Tesla’s Market Share Plunged To New Low In Q3
Last December, I wrote Why Tesla’s Market Share Is Set To Plunge In 2023. My logic was straightforward. After buying Twitter, Elon Musk began to alienate the very people most likely to buy a Tesla. […]