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.
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 some…
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 the…
“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. On…
“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 implementation…
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 oil…
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 blasting…
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 high-cost…
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 proposal…
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 on…
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 reduction…
Tuesday is Super Tuesday. It is the day when voters in 14 states, including Texas, will go to the ballot box and elect their party’s nominations…
Worldwide crude oil prices have been soft during the past five years because of weak demand and an oversupply. Recent news of the coronavirus in China,…
As many oil and gas companies began releasing their 2019 financial reports this week, it became apparent that last year was a stinker financially even though…
The exploration-and-production (E&P) sector of the U.S. oil and gas industry faces many financial hurdles this year as forecasts of stagnant demand with increasing supplies give…
Energy prices in the U.S. will be flat this year as production of crude oil and natural gas will set records, again, according to projections by…
President Trump signed an agreement with China this week that will increase trade between the two countries in many sectors of the economy, especially for agriculture,…
The recent events in Iraq – the attacks on the U.S. embassy, the death of an Iranian general by U.S., and Iran’s missile attack on an…
The decade of 2010 to 2019 began with a bucket full of optimism for the oil and gas industry in the United States and Texas by…
The oil and natural gas industry in Texas and the United States established record levels of production in 2019 and even became a net petroleum exporter…
Crude oil markets were cautious following the meeting of OPEC last week, and the announcement by the International Energy Agency (IEA) it expects a modest increase…
Petroleum imports to the United States have been a major concern for policymakers for more than 50 years. Economists and national security experts warned of the…
The crusade against fossil fuels – crude oil, natural gas and coal – has engulfed the political arena for several decades, but the fight has expanded…
Even though there appears to be signs of weakening in the crude oil and natural gas production boom in the U.S., a new report from the…
As the member countries of the Organization of Petroleum Exporting Countries, better known as OPEC, prepare for their important meeting in Vienna on Dec. 5-6, questions…
Record production of natural gas in Texas and throughout the United States has created lower natural gas prices for consumers, but it has many companies that…
More negative news for the crude oil exploration-and-production industry in the United States this week as prices dipped again, inventories rose again, and the drilling rig…
Thirteen international oil and gas companies have committed $1 billion to reduce greenhouse gas emissions. The organization, called the Oil and Gas Climate Initiative (OGCI), will…
The financial community has developed a negative opinion about the profitability of oil and gas wildcatters who primarily operate as producers of oil and natural gas…
Consumers can expect a slight decline in energy prices the remainder of this year and into 2020, according to projections from the U.S. Energy Information Administration…
Even though crude oil prices have been soft recently, crude oil production and exports from the U.S. continue to grow. Crude oil on the New York…
Two new studies were released this week with one concluding that world energy consumption will grow by about 50 percent during the next 30 years, and…
The attack on an oil processing facility in Saudi Arabia last week has raised new questions about the reliability and security of oil supplies in the…
Natural gas – touted by many energy analysts as the “fuel of the future” years ago – has battled coal as the largest energy source for…
The oil industry has been through some tough times during the last four decades, but recent allegations that fossil fuels are linked to environmental catastrophes, and…
The Energy Information Administration at the U.S. Department of Energy announced last week that petroleum and natural gas production in the U.S. set a record in…
It’s official. The United States became the world’s leading producer of petroleum and natural gas in 2018. The Energy Information Administration at the Department of Energy…
The automobile industry has searched for several decades for the solutions to the many problems it faces in developing vehicles powered by batteries solely. General Motors…
Energy policy no longer has a place in the debates among Democrat candidates for President. The buzz word for Democrats today is “climate change,” “environmental justice”…
The service, supply and drilling sectors of the oil and gas industry in the United States expect less activity during the last half of 2019. Schlumberger,…
Crude oil, gasoline and natural gas prices have been flat throughout the summer. Crude oil prices during June and July peaked on July 12 at $60.21…
The future of the natural gas industry looks bright as supply and demand are expected to increase, and prices are predicted to be stable. Demand increases…
Texas is leading the charge in making America more energy secure, according to a new study released this month. “The United States is now producing more…
World oil markets have flipped upside down with the main exporters of oil making concessions to the new kid on the bloc: independent producers of oil…
Oil prices continued to rise last week as tension between the U.S. and Iran escalated sparking fear of declining availability of oil from the Persian Gulf.…
Not very long ago, the U.S. imported vast amounts of oil from all over the world. Most of it came from countries that were a member…
The oil and gas industry has been the driving force behind commerce, culture and community throughout Texas for more than a century. The early days were…
School is out. Before long families will load up the SUV and begin heading down the highways. They will find a decline in gasoline prices in…
Crude oil prices dropped below the $60-per-barrel mark last week signaling that there is an oversupply. Crude oil closed at $59.09 per barrel on the New…
Crude oil and natural gas production in the U.S. set records in 2018 and Texas and the Permian Basin of West Texas led the way. As…
Crude oil traders were in a quandary last week: Do I believe there will be a shortage of crude oil because of increased tension in the…
