Half of US shale drillers may go bankrupt
Half of U.S. shale oil producers could go bankrupt before the crude market reaches equilibrium, Fadel Gheit, said Monday. The senior oil and gas analyst at Oppenheimer & Co. said Continue Reading
At private Goldman confab, U.S. oil drillers add to glut woes
Goldman Sachs has diagnosed a new reason for the sudden slump in energy industry sentiment this week: talk of agility, not agony, among leading U.S. shale oil producers speaking at Continue Reading
Bakken Loses More Rigs
Bakken Rig Count Falls The Bakken-Three Forks rig count fell by four this week landing at 48 rigs running across our coverage area by midday Friday. A total of 664 Continue Reading
Arthur Berman: Why The Price Of Oil Must Rise
Geologist Arthur Berman explains why today’s low oil prices are not here to stay, something investors and consumers alike should be very aware of. The crazy-low prices we’re currently experiencing Continue Reading
Why Oil May Never Hit $100 per Barrel Again
The decline of the energy industry in the U.S. was swift in 2015 and for investors the losses were widespread. In addition, the pain spread to average Americans with an Continue Reading
Rig counts down 20 percent
Oil field services company Baker Hughes said Friday the international rig count for December was down nearly 20 percent from 2014 levels. In its much-watched monthly report, Baker Hughes said Continue Reading
Confessions of a Doomer
I need to tell you of a very special talent I have. I have the very unusual and rare ability to find, to ferret out if you will, the blatantly Continue Reading
Don’t be fooled by year-end rise in U.S. gasoline stocks: Kemp
The 10.6 million barrel jump in U.S. gasoline stocks last week, reported by the Energy Information Administration on Wednesday, sent gasoline futures tumbling 4 percent and intensified the selloff in Continue Reading
Canadian Oil Sands makes last stand
Ahead of the expiration of a hostile takeover offer, Canadian Oil Sands Ltd. said it was in a strong position to endure the weak market alone. Canadian Oil Sands is Continue Reading
Where Actually is that Much-hyped Global Oil Glut?
The media is full with news that there is a global oil glut. It was parroted by the Australian public broadcaster ABC TV, using this (unsuitable) opportunity to take a Continue Reading