In its nearly 100 years of production, the Permian Basin has never produced more oil than it produces today. I was there last week and saw the boom firsthand.
Look for U.S. oil production to reach a new record high in 2018. Also look for the patience of Tesla investors to be tested this year.
I accurately projected that oil would flow through the Dakota Access Pipeline in 2017, but had a big miss on the direction of the midstream sector.
The year in energy was dominated by a rollback of Obama-era regulations, and a strong recovery in the oil sector.
The energy sector looks like it will be a huge beneficiary of the tax bill working its way toward President Trump’s desk.
Last year AAA reported that Americans waste billions of dollars each year on premium gasoline. A new AAA study concludes that’s true in most cases even if premium-grade is recommended for your car.
Appalachian Basin natural gas production has risen by 200% in the past five years. The region’s gas production now ranks ahead of all but two countries in the world.
Oil prices are probably headed higher in 2018, but higher oil production is likely to keep a lid on natural gas prices next year.
Oil prices are governed by cycles, and recent indications are that we are moving back into a cycle that will be governed by fear of insufficient oil supplies.
The International Energy Agency projects that the U.S. is set to become the world’s leading oil and natural gas production superpower. That assessment is no longer as far-fetched as it once seemed.
For the past two years, Google has been testing its fleet of self-driving cars in my town. Here are some of the more unusual observations I have made.
Tesla CEO Elon Musk has a history of over-promising and under-delivering. Following the most recent quarterly earnings, investor patience may finally be wearing thin.
Since sharply cutting its dividend a year ago, ConocoPhillips has made steady improvements to shore up its balance sheet. The most recent quarterly results show the company has made significant strides in 2017.
EPA Administrator Scott Pruitt recently claimed that the U.S. leads the world in reducing carbon dioxide emissions. The Washington Post disagrees, but Pruitt’s claim is on firm ground.
The U.S. shale gas boom has given consumers cheaper heating and power bills, but it is also fueling a chemical manufacturing renaissance.
Comments from OPEC’s Secretary General this week signal a fundamental misunderstanding of how the U.S. oil industry works.
Exports of U.S. petroleum and petroleum products have surged in recent years. Here were the biggest buyers of these exports in 2016.
U.S. crude oil exports are surging, even as we continue to import millions of barrels per day. The reasons for that come down to logistics and refinery economics.
Recent data from the International Energy Agency provides some reasons to believe the three-year bear market in the energy sector may finally be coming to an end.
According to the latest OPEC report, China’s oil demand is growing more than twice as fast as it did a year ago.
Even if you don’t accept that human activity is altering the climate, the relationship between warmer oceans and extreme weather events is undeniable.
Gasoline prices are on the rise in the wake of Hurricane Harvey, leading to charges of price gouging from angry consumers. But the alternative to rising prices may be worse.
Over the past five years, oil demand grew in every major region of the world except for one.
Tropical Storm Harvey’s impact to the nation’s energy infrastructure will likely be the largest the country has experienced in decades.
California is home to 40% of the nation’s solar PV systems. Here’s how utilities there are preparing for the solar eclipse that will reduce output across the state by 6 gigawatts.
Some people use the phrases “peak oil” and “peak demand” interchangeably, but the two scenarios lead to entirely different outcomes.
Peak demand is all the rage, which is odd considering that U.S. gasoline consumption has just reached a new all-time high.
The Bakken isn’t quite booming again, but on a recent trip there I saw plenty of signs that drilling activity is heating up.
Sanctions on Venezuelanoil imports would impact Citgo the most, while other U.S. Gulf Coast refiners could benefit if Citgo has to curtail operations. Here is the full list of refiners that used Venezuelan crude oil in 2016.
Norway leads the world in the adoption of electric vehicles. Oddly, it lags its neighbors in reducing oil consumption.
Oil and gas companies got hit pretty hard in the first half, but the solar sector turned in a stellar performance.
Thenewest BP Statistical Review shows coal losing market share, while oil and natural gas both set new consumption records.
Coal consumption fell in 2016, and renewables picked up the slack. But global energy consumption continues to be dominated by fossil fuels.
There are many factors influencing oil prices, but the immediate cause can be distilled down to record levels of crude oil in storage.
The newest BP Statistical Review shows that demand for oil has never been higher, despite continued exponential growth in electric vehicle sales.
President Trump’s recent decision to pull out of the Paris climate agreement is short-sighted and may have significant ramifications for the U.S.
Consumers are saving a lot of money due to the new energy supplies brought on by hydraulic fracturing. But most don’t realize that’s the primary reason gasoline prices were so low this Memorial Day.
What’s it like to be an oilfield worker in the Bakken in North Dakota? I spoke with someone who provides a firsthand account.
U.S. energy security has improved as domestic oil production has surged. It may be time to rethink our emergency supply of crude oil.
Every week a new article declares that the end of the oil age is upon us, but petroleum demand continues to set new records.
With resilient U.S. shale producers ramping up production, OPEC is now conceding that the threat from shale oil is far greater than the cartel previously estimated.
Had former Venezuelan President Hugo Chávez managed the country’s oil industry differently, the country might not find itself in its current dire predicament.
During his first 100 days in office, President Trump’s energy policies pleased most Republicans and horrified most Democrats.
In 2005, it seemed clear that the U.S. was about to enter a long-term energy crisis. But that’s not exactly how things turned out.
U.S. crude oil inventories have reached record highs this year, but U.S. crude oil imports have turned upward as well. This may be partially a response to one of the proposals President Trump has floated.
OPEC meetings next month, and if it continues the production cuts enacted last November, one of the biggest beneficiaries will be U.S. shale oil producers.
President Trump will fulfill his promise to repeal President Obama’s Clean Power Plan, but the impact will be merely to slow the coal industry’s decline.
After years of foot-dragging, President Obama rejected TransCanada’s application to build the Keystone XL pipeline. Now it’s back, and approval of the project is imminent.
U.S. shale oil producers continue to be a thorn in the side of OPEC, which once again finds itself in a no-win situation.
U.S. crude oil prices plunged following a weekly inventory report that wasn’t actually as bearish as it seemed.
U.S. refiners are reportedly about to get a change in the country’s biofuel rules that they have long sought.
The U.S. ended a long-standing crude oil export ban in 2015, and crude oil exports are soaring in response.
Advanced biofuel company Gevo has outlasted most of its advanced biofuel competitors, largely at the expense of its shareholders.
Activity in the Permian Basin is booming, with crude oil production doubling there in the past six years.
Electric vehicle sales continue to grow at a blistering pace, but it will take years to make a meaningful dent in the world’s oil demand.
Could an increase in U.S. shale oil production ultimately offset OPEC’s recent production cuts? Today that possibility is investigated.