Tag Archives: oil

Refineries And Oil Rigs Shuttered By Harvey Are Coming Back Online

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

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U.S. Oil Drillers Keep Pressure on OPEC With Record Shale Output

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

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Mark Zuckerberg Finally Figured Out Why Trump Won; Hint: It Wasn’t Russia

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

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U.S. Shale Is Immune To An Oil Price Crash In 2017

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

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Trump order could open California coast, Arctic to new oil and gas drilling

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

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Crude oil is at 118.68 a 3 month low

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!!

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More Left handed math.

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

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