Oil and Gas Drillers in the U.S. Ready to Party Like It’s 1859
A gusher on Spindletop Hill in Beaumont, Texas, on Jan. 10, 1901. U.S. rig count set to fall below historical low of 488 soon The energy business in the U.S. Continue Reading
The implications of peak energy
Our current society is one based on whim. Whatever we want can be had if we have the money. Not only can we have what we want any time we Continue Reading
Falling U.S. Oil Production Reduces Global Supply
High oil price volatility signals that the market has not yet decided the future direction of the oil price. Global production was marginally lower in January, but outside of the Continue Reading
Shale Oil Isn’t Saudi Arabia’s Only Nemesis
Even if Saudi Arabia wins its struggle with U.S. shale producers over market share, it will face a new billion-barrel adversary. It won’t be regional nemesis Iran, a resurgent Iraq Continue Reading
Texas shows decrease in oil production
Texas crude oil production showed a decrease in December as crude oil prices dragged on state potential, though banks are seeing signs of life. The Railroad Commission of Texas, the Continue Reading
Oil Tankers Wait to Unload Cargo in Rotterdam in Another Sign of Glut
Up to 50 oil tankers are waiting to unload cargo in the port of Rotterdam, the highest number since 2009 and another sign that, amid a glut, crude is struggling Continue Reading
OPEC oil output slips from record on Iraqi disruption – survey
OPEC oil output has fallen in February from the highest monthly level in recent history, a Reuters survey found on Monday, due to a halt in Iraq’s northern exports and Continue Reading
OPEC Oil Output Slips From Record in February, Survey Shows
OPEC crude production slipped in February from the highest level in Bloomberg data going back 20 years. The Organization of Petroleum Exporting Countries reduced production by 79,000 barrels to 33.06 Continue Reading
U.A.E. Says Oil Collapse Will Force All Producers to Cap Volumes
The oil-price collapse will compel all producers to freeze output and no early OPEC meeting can take place without such a move, the United Arab Emirates’ energy minister said. “This Continue Reading
U.S. Shale Producers Cut Back Production Amid Global Oil Glut
Some of America’s biggest shale producers are beginning to ratchet back oil and gas production for the first time in years, bending to the reality that a global glut will Continue Reading