Alex Mills is the former President of the Texas Alliance of Energy Producers. The Alliance is the largest state oil and gas associations in the nation with more than 3,000 members in 305 cities and 28 states.
Mixed economic indicators for the upstream oil and gas industry in Texas have industry watchers wondering which direction the industry will be going during the remainder…
Demand is up, supplies questionable, and price “remains highly uncertain.” That summarizes the Energy Information Administration’s (EIA) short-term market forecast for petroleum products released this week.…
Retail gasoline prices are more than $1 per gallon lower this Memorial Day weekend than last year, and AAA expects more traffic on the highways. AAA…
Gasoline and diesel prices are declining, and in many locations in Texas, gasoline is below $3 per gallon and diesel is under $4. The Energy Information…
Natural gas production in the U.S. has increased for 23 consecutive months as electric power distribution and liquefied natural gas (LNG) exports continued to rise. The…
Several key economic indicators for the oil and natural gas industry in the U.S. and Texas show positive signs of continued growth in production and activity.…
Today’s oil and natural gas markets must deal with a number of wild cards (climate change mandates, rising inflation, possible recession) but the revival of China’s…
On President Biden’s first day in office two years ago he signed an executive order pledging the United States will reduce net greenhouse-gas emissions to zero…
While the surprise announcement of oil production cuts of 1.66 million barrels per day from OPEC+ members sent prices soaring on international markets this week, the…
The data has been collected and it is official: Energy production in the United States set a record in 2022. Total U.S. energy production last year…
The oil industry in Texas, and throughout the United States, witnessed a decline in price recently as high inflation, rising interest rates, and troubles in the…
A lot of people have moved to Texas. Last year about 500,000 people came to the Lone Star state pushing its population over the 30 million…
Electric vehicles – better known as just EVs – have become the talk of the town in communities across the U.S. and Europe. Encouraged by subsidies…
Energy prices have declined significantly since last summer, and it appears that trend will continue in the coming months. Gasoline and diesel retail prices are down…
The oil and natural gas industry in Texas posted gains in employment, industry activity and production during 2022. The Texas Petro Index (TPI), a fully inflation-adjusted…
Natural gas had an extremely good year in 2022. Production in the United States set a record, and international and domestic markets continue to expand and…
Russia’s decision to invade Ukraine one year ago has sent economic shock waves throughout Russia, Europe, and across the globe. The United Kingdom and members of…
Even though President Joe Biden’s regulatory agencies continue to throw road blocks in the path of American oil and gas producers, the industry continues to respond…
Solar and wind energy have been in a growth pattern for a decade, and many expect solar and wind to capture an increasing share of the…
The Energy Information Administration at the U.S. Department of Energy believes the price of petroleum products (crude oil, gasoline and diesel) will decline 5% to 10%…
The oil and gas industry in Texas made a big recovery in 2022, and a majority of the executives surveyed by the Federal Reserve Bank of…
A global pandemic, a war in Europe, climate change mandates, government policies restricting oil supply, and record high energy prices have thrown a cloud over future…
Accurately predicting the price of crude oil, gasoline and other petroleum products is like wandering through a dark, strange room trying to find the light switch.…
Crude oil prices declined again this week on speculation that future demand will decrease as the global recession gains more strength into 2023. Brent crude oil…
It took a year, but gasoline prices in Texas dropped this week below last year’s price. Diesel, on the other hand, remains above November 2021. According…
Even though many petroleum industry and government officials predict global demand to increase in the coming months, they fully recognize a high degree of uncertainty within…
The demand for petroleum products in the U.S. and around the world continues to put strains on crude oil production and refining supplies resulting in volatile…
President Biden threatened American oil producers this week with punitive taxes if they do not decrease prices. Just seven days before the midterm election, Biden went…
Politicians around the world just can’t help themselves. They can’t keep their cotton-picking hands out of trying to manipulate energy markets. Take the political leaders in…
As winter approaches, energy forecasters expect colder-than-average temperatures and higher energy prices. The Energy Information Administration at the U.S. Department of Energy releases its Short-Term Energy…
Crude oil and natural gas production in the U.S. are headed for new records in 2022 and 2023 as the industry continues to show strength following…
Members of the Organization of Petroleum Exporting Countries, and its non-members which includes Russia (OPEC+), agreed this week to reduce its oil production goals by 2…
President Joe Biden is playing Russian roulette with America’s energy future. He has implemented policies designed to replace reliable energy sources with unproven renewables and depleted…
A major goal of President Joe Biden and his administration is to reduce carbon dioxide (CO2) emissions in the U.S. A few weeks ago Biden signed…
Energy prices have taken center stage as a battle ensues to decrease inflation while the fighting continues between Russia and Ukraine. Even though petroleum prices have…
Efforts by governments around the world to influence, prod and manipulate crude oil and natural gas supply and demand increased this week in response to changing…
Just a few years ago natural gas was considered a nuisance that was produced with crude oil and had very little value. Today, natural gas is…
Big government just got bigger. President Joe Biden signed the Inflation Reduction Act (IRA) this week creating higher taxes on millions of Americans while increasing subsidies…
Petroleum prices declined this week on news that demand could be declining because of inflation. Crude oil traded on the New York Mercantile Exchange closed at…
The shortfall of global oil supplies sent prices up more than 50 percent this year, and the group of oil exporting countries warned this week the…
Since the depths of the global pandemic two years ago, the oil and natural gas industry in the United States has witnessed a dramatic recovery. The…
President Joe Biden and Treasury Secretary Janet Yellen recently proposed the idea of a price cap on Russian oil in an effort to reduce funds that…
Volatility in global energy markets has business and government economists wondering what to expect from supply and demand for the remainder of the year and beyond.…
The rise in oil and gasoline prices can be attributed to many factors: increased demand, shortage of supply, and, as President Biden said recently, “Russia, Russia,…
As global economies came out of the coronavirus pandemic, demand for petroleum products escalated quickly and supplies of crude oil could not keep pace. Prices rose…
President Joe Biden proposed a 90-day suspension of the federal gasoline tax this week, and it was promptly met with skepticism by many members of Congress…
Just 18 months ago Joe Biden took the oath of office as President of the United States of America and began releasing the full power of…
Crude oil and natural gas prices remain strong as market conditions indicate supply will be unable to meet rising demand. Brent crude oil increased to $120…
The price of petroleum products hit near-record levels this week as demand remains strong and supplies struggle to keep pace. The Energy Information Administration (EIA) reports…
The price of gasoline reached record highs this week, and some politicians, including the President of the United States, began pointing fingers at U.S. oil producers.…
