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.
Charting The Decline Of Venezuela’s Oil Industry
The problems in Venezuela’s oil industry can be traced back to several key decisions that took place over the past 20 years.
The U.S. Is Set To Become A Major Net Energy Exporter
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.
How Regime Change In Venezuela Could Affect The Global Oil Market
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.
Awash In Natural Gas
Natural gas inventories are returning to normal, and prices have plunged in response.
Gasoline Prices Under Presidents Bush, Obama, and Trump
President Trump recently asked if it was just luck that gasoline prices are low and falling. Yes, sometimes it is just luck.
My Energy Sector Predictions For 2019
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 […]
Grading My 2018 Energy Predictions
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’s Shale Problem
OPEC isn’t dead, but the U.S. oil production surge has broken OPEC’s stranglehold on global oil prices.
Why The Permian Basin May Become The World’s Most Productive Oil Field
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.