The $10 Trillion Resource North Korea Has But Can’t Tap

North Korea is making quite a bit of news these days with its crazy war threats and threatening missile launches.  It knows that in the past, brinkmanship has gotten it concessions from every U.S. President since Clinton. During Clinton's Presidency … [Read more...]

Could the Next Oil Price Spike Cripple The Industry?

In the following article Andreas de Vries and Dr. Salman Ghouri of Oilprice.com discuss the possibility of oil price spikes crippling the oil industry. At first blush that seems highly unlikely.  After all the oil industry is critical to powering the … [Read more...]

The Technical Failure That Could Clear The Oil Glut In A Matter Of Weeks

The following article by Cyril Widdershoven of Oilprice.com takes a look at the recent technical glitch that could cut Saudi production by as much as 900,000 barrels per day. Many Middle East oil fields are aging and are experiencing technical … [Read more...]

Is A Big Move In Oil Prices Due?

On November 30th 2016, Bloomberg trumpeted the following headline, OPEC Confounds Skeptics, Agrees to First Oil Cuts in 8 Years. On the day before, (i.e. November 29th) oil prices had plunged 2.5% and the NYMEX Oil ETF was trading at $11.34 and the … [Read more...]

Has Permian Shale Productivity Peaked Already?

The Permian Basin is a sedimentary basin primarily located in West Texas and Southeastern New Mexico.  It is named "Permian" because it has one of the world's thickest deposits of rocks from the Permian geologic period. The Permian Basin is the … [Read more...]

Where Will Oil Prices Be in 2020?

The oil industry is notoriously cyclical. Perhaps because it takes so long to bring new supply on-line. As prices rise and the industry blossoms the oil machinery kicks into gear. Independants locate the oil and the fields get bought up by majors who … [Read more...]

Big Oil Betting On Electric Vehicles?

I've been enamored with electric vehicles since long before they were commercially available. Way back in 1975, Mechanix Illustrated featured the "Urba Town car" and offered plans to build your own Electric Car. It required removing the body from a … [Read more...]

Is a Second OPEC Cut In The Cards?

In November 2016 with great fanfare, OPEC announced a production cut in an effort to drive up prices in light of the massive global supply glut, partially the result of U.S. shale oil flooding the market. This supply glut had put every Oil producing … [Read more...]

Are Oil Production Costs Rising or Falling?

Oil Majors' Costs Have Risen 66% Since 2011 The oil majors reported poor earnings for the fourth quarter of last year, but many oil executives struck an optimistic tone about the road ahead. Oil prices have stabilized and the cost cutting measures … [Read more...]

The Oil War Just Getting Started

Let the battle begin. OPEC is trying to cut production and drive prices up while U.S. Shale Oil producers are seeing the increase in oil prices as an opportunity to get back in the game. More oil rigs are coming on line in the U.S. accompanied by … [Read more...]