Oil Prices Fall Back Below $85 a Barrel – Has the Supply Situation Been Fixed? I wish I could say “yes”, that the supply situation has been fixed, but this… read more →
Playing the “Blame Game” The current oil and gasoline pricing environment is causing a ‘blame game’ in the United States. Some, including President Biden, blame Putin for invading Ukraine Some,… read more →
Who Controls Oil and Gas Prices in the United States? I saw this headline in a recent Newsweek article [1] and it makes a valuable point that quite a few people… read more →
Fill ‘Er Up – with Corn? President Joe Biden unveiled plans mid-April to extend the availability of higher biofuel blends of gasoline during the summer to curb soaring fuel costs… read more →
President Biden Announces Plans to Release Around 1 Million Barrels of Oil Per Day For Several Months From the SPR [1] U.S. President Joe Biden plans to release up to 180… read more →
A New March Madness? How about Triple Digit Oil! Brent Crude and WTI Close Above $100 per Barrel. Oil prices surged as energy and commodity markets were thrown into disarray… read more →
Chevron CEO says the company is focused on carbon, returning capital to shareholders, and maintaining financial discipline with respect to drilling… and earnings. Last Friday, Chevron (the second-largest US oil… read more →
Key 2022 Challenges for Shale Drilling: Higher Costs and a Lack of Bank Financing Oil drillers in the biggest U.S. fields are shouldering record costs at the same time that… read more →
President Biden Announces Release from the Strategic (or Reactive?) Petroleum Reserve [1] Before Thanksgiving, President Biden announced he would be releasing 50 million barrels of oil from the US Strategic Petroleum… read more →
Are the Oil Majors Moving to the Minors? Last Friday, the two largest US oil and gas companies, ExxonMobil and Chevron, announced their 3rd Quarter earnings to investors. Not surprisingly,… read more →