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 […]
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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. […]
Comparing ExxonMobil And Google: Profits, Profit Margins, And Tax Rates
It’s earnings season, and with ExxonMobil and Chevron posting big profits, that can only mean one thing. They are once again being blamed for gouging consumers and for causing inflation. As I have argued before, […]
October Was The Highest Oil Production Month in U.S. History
Recently a friend sent me a YouTube video from the Climate Town channel called Who Actually Controls Gas Prices? I must say that the guy in the video is accurate on most of the issues. […]
Hertz Hurting from Electric Vehicle Impact
Although I believe the future belongs to renewable energy and electric vehicles, the transition is going to be bumpy. This is something I have emphasized for years. This year provides a great example. Renewables got […]
IEA’s World Energy Outlook 2023 Predicts Peak Fossil Fuel Demand
The International Energy Agency (IEA) just released its World Energy Outlook 2023 report. The full report may be found here. Perhaps the most noteworthy prediction from the report is of peak demand for fossil fuels […]