Presidential Candidate Biden Releases Energy Plan
Presidential candidate Joe Biden released his very ambitious, and expensive, energy plan this week. The cost is an estimated $2 trillion, and the 23-page plan...
Alex Mills
Petroleum Markets React to Oversupply
by Alex Mills
The recent tough times in the oil patch began in 2015 when rising oil and natural gas production, primarily in the United States, began to...
Oil Industry Leaders See Tough Times Ahead
by Alex Mills
Most oil company leaders, who traditionally are very optimistic, have a pessimistic opinion about the future, according to a recent survey by the Dallas office...
Economic Volatility Creates ‘Enormous Uncertainties’
by Alex Mills
As the first half of 2020 comes to a close, the oil and gas industry has been on a historic rollercoaster ride with peaks and...
EIA Releases Study Regarding Breakeven Crude Oil Prices
by Alex Mills
Just about everybody knows that crude oil produced in the U.S. from extremely tight formations, called shale, is just about the most expensive worldwide today...
Energy Consumption Increase as People Return to Work
by Alex Mills
Consumption of oil and natural gas in the U.S. will increase during the remainder of this year, according to a new study by the Energy...
Natural Gas Oversupply Results in Exceptionally Low Prices
by Alex Mills
Natural gas, the nation’s largest source of electricity, has been in a growth mode during the last 40 years. “Demand for natural gas has been...
Oil Prices Recover as Demand Rises
by Alex Mills
The decline in the demand for petroleum products worldwide has delivered a severe blow to the oil and gas industry in Texas as companies are...
U.S. Oil Industry Faces ‘Very Uncertain’ Future
by Alex Mills
Crude oil prices have firmed up from its crash one month ago, but the industry’s reduction in capital expenditures and decline in future drilling will...
Crude Oil Faces Another Critical Deadline
by Alex Mills
Next week will be critical for the oil industry as the June contracts expire on Thursday, May 19, for West Texas Intermediate traded on the...