Mr. Messler is an oilfield veteran, recently retired from a major service company. During his thirty-eight year career he worked on six-continents in field and… Biden’s decision to ban Russian oil imports to the U.S. had a predictable effect on oil prices, but the long-term impact on the U.S. oil industry is less clear. While the volume of oil imported from Russia wasn’t significant, the quality of the oil was as it was used to improve the API gravity of the throughput from U.S. refineries. To replace this heavy oil, the U.S. is now looking to Iran, Saudi Arabia, and Venezuela, not countries that the U.S. would want to rely on in a crisis. Events occur in the energy market almost too fast to properly catalog these days. The torrent of information is cacophonous as one dire prediction for the direction of the oil price after another rolls across […]