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.
$100 crude oil has resulted in a sharp reversal of finances throughout the oil and natural gas industry. International integrated companies – such as Exxon Mobil…
Demand for natural gas has surged in recent years as economies around the world realize its value. Consumers in the U.S. use natural gas to warm…
The U.S. oil and gas industry shows signs of increased activity even though the federal bureaucracy continues to throw roadblocks in the way of the path…
Consumers of petroleum products need to plan for higher prices this year, according to a report from the Energy Information Administration (EIA) at the U.S. Department…
A global pandemic, a war in eastern Europe, and climate change mandates have thrown a cloud over future energy supplies, which has resulted in rising prices,…
President Joe Biden’s energy policy took on new challenges this week when he announced additional exports of U.S. natural gas to Europe to replace imports from…
Demand for petroleum products continued to grow during February, but consumers are pumping the brakes as prices reached historic highs in March. Crude oil prices for…
The war in Ukraine creates great uncertainty and volatility in energy markets across the globe as supplies tighten further and prices rise. During the past week,…
In just four months after taking office, Joe Biden canceled the Keystone XL oil pipeline, put a hold on leasing federal lands for future exploration, and…
Russia is in trouble. Even if it defeats Ukraine, the response by governments around the globe will hit Russia’s financial institutions and petroleum industry hard. Oil…
Russia’s invasion of Ukraine sent financial and energy markets into disarray around the world as governments in western Europe and the United States responded with sanctions.…
It is well known that if you don’t like the current weather in Texas, wait a minute because it’s going to change. The cold snap that…
Crude oil, natural gas and gasoline prices were all up this week. It’s a trend that has been repeated almost weekly since June 2020 when there…
Two reports were released recently highlighting the increase in economic activity in the oil and gas industry in Texas in 2021 with anticipation of even more…
Natural gas has been called the fuel of the future for quite some time. It is available in large quantities. It has a complex infrastructure of…
Global energy prices are moving upward. Crude oil, gasoline, and natural gas are all higher than at the beginning of 2022. Crude oil is up 13%…
Covid-19 was a major factor in the decline of demand for energy in 2020 and it sent shock waves throughout the oil and natural gas industry.…
As 2021 came to a close, energy companies and organizations began looking at 2022 and started making plans based on supply and demand expectations. Three organizations…
The oil and natural gas industry in Texas and the U.S. ended 2021 on a positive note as drilling and production increased from declines caused by…
Some people can become very angry over the price of gasoline. Some of these fine folks just happen to be members of Congress and even the…
The price of crude oil has had a history of volatility since trading began on international exchanges and the New York Mercantile Exchange some 40 years…
The Strategic Petroleum Reserve (SPR) has been a controversial part of the energy debate since the first Arab oil embargo. During the 1973 Arab-Israeli War, Arab…
Just about half a century ago, the United States was battling rising inflation fueled by energy costs. The year was 1976, and inflation was 7.7% and…
The times; they are changing…especially in the energy arena. Two of the largest, international oil companies announced major changes this week, and OPEC+ tells the President…
Consumption of energy will continue to rise through the remainder of the year firming the price of petroleum products, according to a new study released by…
Energy policy and climate change were center stage this week as world leaders met to discuss strategies to save the world from global warming. The solution:…
Cushing, Oklahoma sits about halfway between Oklahoma City and Tulsa, a few miles north of Interstate 44. In most cases, you probably would not plan to…
Petroleum prices edged higher this week. Crude oil peaked mid-week closing at $83.87 per barrel on the New York Mercantile Exchange on Wednesday but dropped back…
Texas has a long history of being the leading energy producing state. Oil has been king for more than a century. Natural gas became a star…
Global energy issues heated up this week as crude oil and natural gas prices rose, a government study predicted further increases in energy consumption globally, OPEC…
Crude oil and natural gas prices have recovered from the historic collapse in global demand last year because of the Covid-19 pandemic. This week Brent crude…
The winter storm that swept through Texas in February reaffirmed the absolute necessity for a safe and reliable energy supply for Texans. The extreme cold weather,…
Even though roughly 10 percent of the crude oil and natural gas production in the U.S. has been lost during the past two weeks because of…
While Hurricane Ida was cutting a path of destruction through the Gulf of Mexico this week, OPEC oil ministers were meeting to discuss oil production quotas…
Crude oil and gasoline prices in the U.S. have been meandering up and down for several weeks as traders try to get a solid grip on…
President Joe Biden and his administration want the countries that export crude oil, many of which are not friendly to the United States (such as Russia,…
Natural gas prices broke through the $4 per thousand cubic feet (Mcf) level this week as production levels across the U.S. continued to set records as…
The oil and gas industry in the U.S. produced the most petroleum and natural gas than in any other country during 2020, easily outpacing Russia and…
Petroleum prices are rising as the economies around the world recover from the Covid-19 pandemic and demand has caught up with supply. The Energy Information Administration…
Crude oil traders were in a perplexing situation this week. Some expected crude oil prices to rise following the failure of OPEC+ to reach a new…
Crude oil prices in the U.S. continued to show strength this week while demand for petroleum products remains strong and crude oil inventories continue to slide.…
Crude oil and natural gas prices continue to show strength for the fifth consecutive week as the global economy rebounds. Crude oil prices on the New…
Change is nothing new for the oil and gas industry. Every time there has been a major change in price since 1973, the industry has entered…
The price of crude oil continued to rise this week surpassing $70 as the economies of the world break out of a recession created by Covid-19.…
The price of crude oil has made back all that it lost during the Covid-19 pandemic of 2020 as demand for petroleum products has returned. In…
Demand for petroleum products continues to expand into the Memorial Day holiday sending gasoline prices over the $3-per-gallon mark for the first time in seven years.…
The oil and natural gas industry in Texas and globally has for several years battled volatile prices, a coronavirus pandemic, declining demand, an oversupply of product,…
On Friday, Colonial Pipeline, which transports refined petroleum products (gasoline, jet fuel, etc.) from Texas to New Jersey, halted operations because of a cyberattack on its…
As President Biden tries to move his massive energy/environment agenda forward, he must come up with programs appealing to Democrats and Republicans, which may prove to…
Data from a variety of sources indicate the cycle of contraction in the oil and gas industry has reversed and demand for petroleum products is returning.…
