The mission of R-Squared is to foster civil, objective discussions on energy and environmental issues.
Update: Gasoline Inventories Are Plummeting This week’s report highlights: U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) increased by 0.7 million barrels compared to the previous week. At 333.4 million barrels, […]
It is no secret that I work for an oil company. However, I never acknowledge which oil company, because I don’t want anyone to get the impression that they sanction any of the positions I […]
I need to start doing a weekly column on the Foundation for Taxpayer and Consumer Rights (FTCR) to address their weekly hysterical news releases about the oil industry. The last time it was criticizing the […]
If you are a layperson, it may not be clear to you just how much of the current infatuation with cellulosic ethanol is hype, and how much is based on realistic assessments. So, I thought […]
I just unexpectedly spent the last 2 nights in the hospital here in Aberdeen. I went to bed Wednesday night, but then woke up about 2 hours later in excruciating pain. It was so bad […]
I don’t think I have ever seen the forecasters miss the estimate this badly. They were forecasting a 300,000 barrel decline in gasoline stocks, and instead got a 5 million barrel decline. For the first […]
I am generally not much for procrastination, but in this case I am guilty. It has been 3 weeks now since I participated in a conference call with API Chief Economist John Felmy. Robert Bluey, […]
As I mentioned yesterday, the Government Accountability Office (GAO) has released a report addressing future energy supplies in the U.S.: Uncertainty about Future Oil Supply Makes It Important to Develop a Strategy for Addressing a […]
This is probably not news to anyone at this point, but the Government Accountability Office (GAO) today released probably the most mainstream discussion of the implications of peak oil ever: Uncertainty about Future Oil Supply […]
The supply situation is quickly coming to a head, and many questions will be answered in the coming weeks. Will OPEC increase oil production? Can they? Will there be any relief from rising gasoline prices? […]