Tough Times for Oil Companies Trying to Survive the Pandemic
Just a few years ago the head of ExxonMobil had to appear before a Congressional committee to explain their billions of dollars in profits that...
Alex Mills
Gasoline Price Decline Will Help Reverse Recession
by Alex Mills
Gasoline prices from coast-to-coast have declined more than $1 per gallon this year as a result of a massive oversupply of petroleum products. AAA reported...
Oil Price Crashes to Record Low
by Alex Mills
“Classic supply and demand imbalance.” “Perfect storm.” “Insane.” That’s how government and oil industry officials described the historic collapse of crude oil prices this week....
Oil’s Strategic Value Invites Government Intervention
by Alex Mills
“Oil ain’t pork bellies.” That was a comment made during the debate in the early 1980s regarding the decline in crude oil prices and the...
Oil Inventories Increase, Storage Near Capacity
by Alex Mills
Even though crude oil prices rebounded about 15 percent this week, oil inventories continued to rise as energy demand and economic conditions declined. Spot crude...
No Easy Solutions to Petroleum Issues
by Alex Mills
The economic chaos facing the oil and natural gas industry in the United States is real and it is coming fast like a runaway locomotive...
Global Oil Glut Drives Down Price
by Alex Mills
The oil industry in the United States once again faces dramatic declines in crude oil prices at the hands of foreign countries seeking to bankrupt...
Oil Exporters Increase Production While Demand Declines
by Alex Mills
Sometimes it is difficult to understand the actions of world leaders. A perfect example is the recent decision by Russia to not agree with a...
Crude Oil Takes Big Hit From Coronavirus and Geopolitics
by Alex Mills
Geopolitics and the coronavirus gave crude oil prices a one-two knockout punch that sent prices to the canvass last week. Prices for West Texas Intermediate...
Natural Gas Had an Historic Year in 2019
by Alex Mills
Great news! Natural gas set production, consumption and export records in 2019. More good news for consumers is the very low price currently and the...