OPEC may cut more production if the oil prices fall further
This is good news for the long-term scope of our energy transition. If we let prices crash as they did in the early 90s, then we will see investment in the alternatives decline right when we need it...
View ArticleOPEC cuts oil production by another 2.2 million barrels per day
This will catch up with us at some point, these short term prices drops that people are so happy about will have long-term repercussions on the U.S. oil market. The problem we face is that when oil...
View ArticleSEC adopts new oil and gas reserve reporting standards
I am not sure the benefit on probable and possible reserves, hopefully it will spur more investment in the sector but with that said, some investors might get duped by investing on numbers that are not...
View ArticleExxon Mobil increases oil reserves by 1.5 billion barrels
If these numbers are correct, this is an impressive addition to reserves and this should be reflected positively on their stock. The only statement that was troubling, was that as the release reads,...
View ArticleOil prices jumps 4.8% on supply concerns
Well here we go again, Oil prices are on their way up on more violence in Nigeria and fire at Sunoco (U.S. NE Refinery). On NPR this morning, they reported that an estimate came out that gas prices...
View ArticleGasoline prices are not rising, the Dollar is falling
This was insightful commentary with a serious conversation about the ratio of gold / dollar and oil prices. With large amount of debt issuance ahead to cover current budgets and long-term liabilities,...
View ArticleU.S. Dollar replaced as China Oil trading currency with Yuan
This is major news. Lately with U.S. politics in full swing, I have not found too much worthy news for posting. Now the summer is coming to a close, more interesting information is pouring out....
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