OPEC doesn’t understand the oil industry
This week some comments from OPEC Secretary General Mohammed Barkindo signaled that OPEC may not understand how the U.S. oil industry functions.
How much does a gallon of gas actually cost?
Gas is cheap, right? Last year the national average at the pump was a paltry $2.25/gallon. That means if you had a 12-gallon gas tank, you could fill up for less than $30. Gas this “inexpensive” should bring huge benefits to American families. Read more →
U.S. shale juggernaut shows signs of fatigue
U.S. oil output remains robust and may still surpass the record annual average of 9.6 million barrels a day, set in 1970. But companies, confronting technological, operational and financial obstacles, are starting to ease up on drilling.
Forget the Paris agreement. The real solution to climate change is in the U.S. tax code.
When President Trump made a speech a few weeks ago to kick off his push for an overhaul of the tax code, he chose a telling backdrop: An oil refinery in North Dakota, a state that over the past decade exploded from backwater to boom town thanks to a massive spike in oil production.
Death of gas and diesel begins as GM announces plans for ‘all-electric future’
After nearly a century of building vehicles powered by fossil fuels, General Motors — one of the world’s largest automakers — announced Monday that the end of GM producing internal combustion engines is fast approaching.
Want to bet on $100 oil in 2018? Some investors already have
When crude prices crashed in early 2016 to $27 per barrel, most industry executives said the world had seen the last of oil at $100.
The oil ghost towns of Texas
If Texas’s Permian Basin is Exhibit A for the U.S. oil boom that refuses to die, then the Eagle Ford, a smaller shale patch some 400 miles to the east, represents all those places that have been left behind.
Rising demand will continue to drive the rally in crude oil prices
Quite simply, oil prices are rising because demand is increasing.
Gas price-gouging is just economics. Addiction to oil is the problem
Reports of price-gouging for essential goods and services that came before, during and after the arrival of Hurricanes Harvey and Irma provoked widespread outrage.
Schumer calls for gas price ‘gouge watch’ after hurricanes
Senate Minority Leader Charles Schumer is asking federal regulators to examine why gasoline prices have been slow to fall following two massive hurricanes.
