Unusual Events in 2022 Create Issues for Global Economy in 2023
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...
Alex Mills
Predicting Oil Price Involves Many Uncertain Components
by Alex Mills
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...
Crude Oil Price Drops to Lowest Point in 2022
by Alex Mills
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...
Gasoline Prices Fall, but Future Looks Uncertain
by Alex Mills
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....
Energy Supply and Demand Issues Face Uncertain Times
by Alex Mills
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...
Petroleum Prices Surpass Last Year
by Alex Mills
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...
Biden Threatens American Oil Producers with a ‘Windfall Profit Tax’
by Alex Mills
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...
Countries Consider Options to Manipulate Energy Markets
by Alex Mills
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...
Energy Prices Expected to Rise as Winter Approaches
by Alex Mills
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...
U.S. Oil, Natural Gas Production Nears Record
by Alex Mills
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...