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.…
If Congress passes President Biden’s energy proposal, American consumers need to get ready to relive the days of double-digit increases in energy prices. Biden’s plan is…
As two agencies recently reported an improving global economy has sparked optimism about improving demand for petroleum products, President Biden introduced his plan to increase taxes…
The reaction to the global pandemic, Covid-19, has turned the social, economic and political world upside-down during the past year as governments implemented lockdown of businesses,…
Yes, it is true that the Biden administration will propose soon a tax increase on energy usage in the form of a carbon tax, and yes…
The petroleum industry in the U.S. encountered a variety of bad news recently as a resurgence of Covid-19 came to light in Europe, demand projections were…
The risks involved in the oil and natural gas business have been well chronicled in many books, including Ruth Sheldon Knowles’s The Greatest Gamblers and Daniel…
Crude oil and gasoline prices have rebounded from lows recorded in mid-2020 created by an economic recession amidst the global Covid-19 pandemic. Oil prices on the…
Safe, reliable and affordable energy powers a vibrant economy in Texas and throughout the United States. Underperformance or shortage can create crisis situations for energy providers…
Can it be possible that the tide has turned for the oil and gas industry? Some experts who bet their money on winners and losers believe…
Old man winter hit Texas hard this week with sub-zero temperatures and two snow and ice storms creating record-high demand for electricity while some energy sources…
The crude oil sector of the U.S. economy was in a downward spiral before Joe Biden was elected President in November, but he quickly let it…
As petroleum companies begin reporting their financial performance for 2020, an economic report on the oil and gas industry in Texas reveals sharp declines in employment,…
[vc_row][vc_column][vc_column_text css=””]On January 20, Joe Biden took the oath of office to become the 46th President of the United States of America. He asked in his…
There is a new game in town with new players, new regulators, and even a new set of rules. Joe Biden became the 46th President of…
On Tuesday, Joseph R. Biden Jr. will take the oath of office and be sworn in as President of the United States of America. During his…
Crude oil prices took an unexpected leap last week on the announcement by Saudi Arabia that it was going to reduce oil production by an additional…
The viability of the oil and natural gas industry in Texas in 2021 relies upon finding the answers to many questions raised during this year, which…
Christmas 2020 was different for many Texans as they altered their plans for gathering with family and friends because of the Covid-19 pandemic. AAA said travel…
Natural gas became the leading energy source for electricity generation a few years ago, and it is expected to gain more market share this year. The…
Demand for petroleum products declined this year in reaction to reduced economic activity due to the COVID-19 pandemic, but the future looks much better, according to…
Energy policy in the U.S. and around the globe appears headed in a different direction with the election of a new President and vastly changing attitudes…
The voting ended weeks ago, but the outcome of the 2020 Presidential election has not been finalized. Apparently, Joseph R. Biden Jr. will be declared the…
Once upon a time, there was an industry in the United States that made so much money members of Congress claimed they made “obscene” profits. They…
Coming off record production and consumption in 2019, the natural gas industry is poised for another big year in 2020 but it will not match last…
Politicians have on occasion attempted to come up with some ideas to solve the perceived energy problem of the moment. For example, Richard Nixon faced rising…
The predicted increase in COVID-19 cases as cold weather approaches in the Northern Hemisphere appears to be underway, resulting in an anticipated decline in economic activity…
The Joe Biden-Kamala Harris team, if elected, will implement radical changes to energy policy increasing government oversight, and spending an estimated $2 trillion to eliminate the…
Natural gas, once again, had an outstanding year setting production, consumption and export records in 2019, and attributed to reductions in carbon dioxide emissions, according to…
Worldwide oil production has declined an estimated 10 million barrels per day (b/d) – 2 million b/d in the U.S. – since January in response to…
Even though some economic indicators in the oil and natural gas industry were flat this week, the chief executives of many companies are pessimistic about the…
Since the coronavirus pandemic disrupted worldwide economic activity this year, global energy markets have been in a “delicate re-balancing” situation. Two reports issued this week indicate…
Crude oil and natural gas prices stabilized in August, but the future looks uncertain, according to a recent report from the Energy Information Administration (EIA). EIA…
“I am not banning fracking,” Democratic Presidential candidate Joe Biden said in Pittsburg on Aug. 31. “Let me say that again: I am not banning fracking…
Just when the petroleum industry thought things were really bad (oversupply of crude oil and natural gas, bad global economy, a worldwide pandemic, and record price…
The debate over energy policy has changed. A short time ago the debate’s primary element was reducing America’s dependence on foreign oil. Democrats, who concluded their…
The global COVID-19 pandemic has created an incredible economic decline in Texas, the U.S. and throughout the world. However, two new reports this week indicated the…
Financial analysts within the petroleum industry suspected that the news was going to be bad, but the severity of the downturn has been overwhelming. The financial…
Demand for energy dropped to historic lows across the United States in April, according to a new report from the Energy Information Administration. The COVID-19 pandemic…
Crude oil prices are making a comeback, but natural gas has the summer blues. Crude oil prices on the New York Mercantile Exchange closed Wednesday at…
Presidential candidate Joe Biden released his very ambitious, and expensive, energy plan this week. The cost is an estimated $2 trillion, and the 23-page plan does…
The recent tough times in the oil patch began in 2015 when rising oil and natural gas production, primarily in the United States, began to outstrip…
Most oil company leaders, who traditionally are very optimistic, have a pessimistic opinion about the future, according to a recent survey by the Dallas office of…
As the first half of 2020 comes to a close, the oil and gas industry has been on a historic rollercoaster ride with peaks and valleys…
Just about everybody knows that crude oil produced in the U.S. from extremely tight formations, called shale, is just about the most expensive worldwide today because…
Consumption of oil and natural gas in the U.S. will increase during the remainder of this year, according to a new study by the Energy Information…
The decline in the demand for petroleum products worldwide has delivered a severe blow to the oil and gas industry in Texas as companies are forced…
Crude oil prices have firmed up from its crash one month ago, but the industry’s reduction in capital expenditures and decline in future drilling will negatively…
Next week will be critical for the oil industry as the June contracts expire on Thursday, May 19, for West Texas Intermediate traded on the New…
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…
