The mission of R-Squared is to foster civil, objective discussions on energy and environmental issues.
Despite continued skepticism about the level of Saudi Arabia’s oil reserves, their oil reserve and production metrics look pretty typical when compared to the world’s other oil-producing countries.
My previous article on Saudi Arabia’s proved oil reserves provoked strong responses from some readers. In the words of the great Yogi Berra, “It’s deja vu all over again.”
Saudi Arabia’s official crude oil reserves numbers have been doubted by many for years, but those doubts may not be justified.
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.