Oil Prices Ravaged By Financial Turmoil

Oil prices fell back suddenly over the last few trading sessions, dragged down by some forces beyond the oil market. The steady decline of the U.S. dollar has helped drive up crude prices for weeks, but that came to an abrupt halt last week. A … [Read more...]

Could Oil Go to $100 a Barrel by 2019?

As we all know, gas and oil prices are a major component of inflation so a spike in oil prices could have a serious effect on prices overall. From 2012-2015 oil prices peaked several times around $100 per barrel but then in 2016 they fell … [Read more...]

Is Peak Permian Only 3 Years Away?

The Permian Basin is a large oil and natural gas producing area that covers an area approximately 250 miles wide and 300 miles long mostly in West Texas but includes a small corner of New Mexico.  The Permian Basin is the largest petroleum-producing … [Read more...]

The 5 Countries That Could Push Oil Prices Up

Oil prices appear to be stuck in the $50's per barrel, but that doesn't mean there aren't serious supply risks to the market. An unexpected disruption could occur at any moment, as has happened in the past, leading to a sudden and sharp jump in … [Read more...]

The “Amazon Effect” Is Coming To Oil Markets

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field. Much talk has revolved around how software can completely transform the … [Read more...]

Gold Production

I first became interested in gold, back in the 1970's, when I was in college. In 1970, South Africa held the title of the world's largest gold producer, producing 900 metric tonnes of gold, i.e. roughly 2/3rds of the world's gold, and Russia was a … [Read more...]

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...]