OPEC Announces Reduction in Oil Production Quota
Members of the Organization of Petroleum Exporting Countries, and its non-members which includes Russia (OPEC+), agreed this week to reduce its oil production goals by...
Alex Mills
Biden’s Energy Policy Reduces America’s Energy Security
by Alex Mills
President Joe Biden is playing Russian roulette with America’s energy future. He has implemented policies designed to replace reliable energy sources with unproven renewables and...
Carbon Dioxide Emissions Decline
by Alex Mills
A major goal of President Joe Biden and his administration is to reduce carbon dioxide (CO2) emissions in the U.S. A few weeks ago Biden...
Energy Prices Decline but Economic Woes Continue
by Alex Mills
Energy prices have taken center stage as a battle ensues to decrease inflation while the fighting continues between Russia and Ukraine. Even though petroleum prices...
Governments Search for Solutions to Energy Supply Problems
by Alex Mills
Efforts by governments around the world to influence, prod and manipulate crude oil and natural gas supply and demand increased this week in response to...
Natural Gas Becomes a Critical International Energy Source
by Alex Mills
Just a few years ago natural gas was considered a nuisance that was produced with crude oil and had very little value. Today, natural gas...
President Biden Signs Bill Increasing Taxes on Petroleum Companies
by Alex Mills
Big government just got bigger. President Joe Biden signed the Inflation Reduction Act (IRA) this week creating higher taxes on millions of Americans while increasing...
Petroleum Prices Decline, but EIA Forecasts Strong Demand
by Alex Mills
Petroleum prices declined this week on news that demand could be declining because of inflation. Crude oil traded on the New York Mercantile Exchange closed...
OPEC Warns of Severely Limited Excess Capacity of Oil
by Alex Mills
The shortfall of global oil supplies sent prices up more than 50 percent this year, and the group of oil exporting countries warned this week...
Oil and Gas Industry Recovering from Covid-19
by Alex Mills
Since the depths of the global pandemic two years ago, the oil and natural gas industry in the United States has witnessed a dramatic recovery....