Tag Archives: oil
Oil industry infrastructure that was shut down as Hurricane Harvey ravaged the Gulf Coast of Texas is starting to come back online, Axios reports. Eight refineries representing 11.4 percent of U.S. refining capacity are beginning procedures to restart, a process … Continue reading
Oil output from major U.S. shale plays is poised to reach a fresh record next month, further complicating OPEC’s efforts to support prices. The gain is being led by the oil-rich Permian basin of Texas and New Mexico, where production has … Continue reading
So what do you do when you’ve become completely disconnected from the ‘foreign’ world that all of middle America calls ‘reality’ and have no idea why you just got massively blindsided by a national election that you thought was a … Continue reading
U.S. shale survived the oil price crash with cost cuts and lower breakeven prices, and emerged more resilient from the slump. According to a Rystad Energy analysis, since 2013, the average wellhead breakeven price (BEP) for key shale plays has … Continue reading
President Donald Trump on Friday is expected to sign an executive order that could open large parts of the Pacific, Arctic and Atlantic oceans to new oil and gas drilling, a prospect that elicited a fierce backlash in California and … Continue reading
I predicted that if oil went under $100/barrel that the left would completely abandon their “new found” interest in drilling, even in places with little or no oil. Here’s to finding out if I am wrong. Come on $100!!
How can Jeanne Shaheen insist that depleting a 700 million barrel fixed supply of oil into an economy that uses about 20 million barrels per day will really help the middle class, when the same Jeanne Shaheen insists that drilling new … Continue reading
Jeanne Shaheen latest gripe is that Oil refineries are only running at 85% efficiency, and this is more proof that the Oil companies are milking “The Middle Class™” for profits. It’s a sad tale Jeanne, but did you know it’s … Continue reading
Take this for what it’s worth, but it is worth watching.