Texas has a reputation of being a leader in energy production from coast-to-coast. That reputation has grown internationally as Texas leads the nation with dramatic increases…
Forty years ago Iran used the “oil weapon” against the United States as it sought to influence its support of Israel. Today, President Trump is using…
The world of international energy politics became even more intriguing recently with Russia participating in OPEC, the President of the United States calling on OPEC to…
Gasoline prices should average a few cents less this summer than last year, according to a study released this week by the Energy Information Administration (EIA).…
Crude oil prices increased again this week surpassing the $60 per barrel mark in the U.S. and $69 on the international market. Oil closed at $62.46…
Natural gas continues its streak as the leading fuel to generate electricity across the U.S. The Energy Information Administration (EIA) reports natural gas accounted for 62…
The price of crude oil in the United States and internationally is expected to be flat throughout 2019, according to a study by the U.S. Energy…
Gasoline prices have been moving upward since January, but the increase has been smaller than crude oil, which is the major component of gasoline cost. The…
Even though crude oil prices have increased 20 percent since Jan. 1 and U.S. oil production set a record of 12 million barrels per day (b/d)…
The price of crude oil continued its recovery last week on news of a reduction in oil production worldwide and positive economic news. The Organization of…
The political turmoil in Venezuela has huge implications internationally, especially for Texas and the United States. Petroleos de Venezuela (PDVSA), the nationally owned energy company, currently…
Energy appears to be a key issue in the new Democrat controlled U.S. House of Representatives and among Democrat candidates seeking their party’s nomination for President.…
Venezuela’s socialist government has been on a downhill slide for years. This week the U.S. sanctioned state-owned oil and natural gas company Petròleos de Venezuela, S.A.…
The oil and gas industry expects to increase drilling, production and capital expenditures during 2019, according to a variety of surveys of leaders of oil and…
Accurately predicting the price of oil and natural gas can be as difficult as predicting the weather in West Texas. In some cases, the weather can…
Crude oil and natural gas prices have been on a roller-coaster ride as the market reacts to a variety of economic news from around the world.…
It is no surprise that crude oil and gasoline prices fell like a rock in water during the last three months of 2018. The big surprise…
Crude oil prices dropped $3 in early trading during the shortened Christmas holiday week, but gained all that was lost on Wednesday to settle at $46.22…
Crude oil prices took another hit this week, dropping 2 percent and a total of 40 percent since Oct. 1. Just about three months ago oil…
Just a week after OPEC members announced they were cutting oil production and exports, the U.S. Energy Information Administration announced that the U.S. became a net…
Fate, in some respects, was not kind to George H. W. Bush, who died last week in Houston. Of course, fate did shine on the 41st…
The federal government has issued an extensive report that gives a gloom-and-doom assessment of civilization unless drastic measures are taken soon to stop climate change. Of…
The volatility in crude oil prices has just about everybody wondering where they will be tomorrow, next week, next month, or next year. Prices dropped $2.26…
While crude oil prices have declined 27 percent since Oct. 1, natural gas prices broke through the $4 barrier this week for the first time in…
The energy industry won three referendums on Tuesday that would have made energy production more expensive in Colorado, Washington and Arizona. Environmental groups sought to make…
While oil and gas executives have grown more optimistic about economic conditions within the industry, they are concerned about growing geopolitical issues which include potential environmental…
Crude oil prices declined again this week as more questions arose regarding supply and demand. One thing is certain: oil production in Texas and the U.S.…
Even though crude oil prices have declined 10 percent since Oct. 1, some analysts believe that the fourth quarter of 2018 will continue to be optimistic…
Energy news last week included a hurricane sweeping through the oil-rich Gulf of Mexico, President Trump announcing a change in his ethanol policy, warnings of a…
Crude oil prices in the U.S. and around the world continued their upward swing this week. U.S. oil prices on the New York Mercantile Exchange broke…
Increased crude oil production throughout Texas this year has resulted in a huge jump in U.S. oil production. Now, apparently the U.S. has surpassed Saudi Arabia…
Natural gas has become the major generator of electricity in the U.S. during the past 10 years. The Energy Information Administration (EIA) reports that natural gas…
The Permian Basin of West Texas and Southeastern New Mexico is hot. It leads the state and nation in oil and natural gas production, according to…
Global crude oil inventories are down creating upward pressure on crude oil prices around the world. Oil inventories fell 33 million barrels in June, the most…
The Environmental Protection Agency proposed this week changes to air emission regulations which will allow states to implement “the best system of emission reduction” as required…
Even though recent international events may create questions about the future demand for petroleum, the domestic oil and gas industry has experienced robust growth in Texas…
Some members of Congress recently resurrected a controversial idea. It’s called a carbon tax. It’s nothing new. President Bill Clinton and Vice President Al Gore proposed…
Just about one year ago, the refining industry along the Gulf Coast of Texas and Louisiana suffered a severe blow by Hurricane Harvey. Even though it…
Summers are hot in Texas. Rising temperatures are accompanied by rising electric bills. Texans, however, don’t pay as much per kilowatt hour (kWh) as other parts…
Energy issues became a central point of discussion this week as the 29 countries in the North Atlantic Treaty Organization (NATO) met, and they are expected…
The headlines in three separate reports about the oil and gas industry indicate strong performance during the first half of 2018 with high expectations about the…
Life in the oil and gas industry became more complicated in recent weeks when at least a half dozen major issues affecting supply and demand came…
Crude oil and natural gas will continue to provide a major portion of the world‘s energy needs for the next 20 years, according to a study…
Net crude oil and petroleum imports declined in 2017 to a record low, and the federal government expects net imports to decline even further this year.…
Crude oil futures hit a speed bump last week amid rumors that some crude oil producing countries were going to increase their production soon. Prices on…
Last week officials from Saudi Arabia and Russia announced they may seek a change in their current policy to limit oil production and exports. This week…
Electric vehicles (EVs) have been a growing market for automakers, but they had slow growth last year, according to a new study released by the Energy…
Rising gasoline prices have been a big news story this past week increasing to a nationwide average of $2.87 per gallon. The U.S. average diesel fuel…
Crude oil prices in the U.S. broke through the $70 mark on the New York Mercantile Exchange (NYMEX) for the first time this week since 2014.…
Texas continues to lead the nation in oil and natural gas production, passing several milestones along the way. Crude oil production in Texas surpassed the 4…
