As U.S. exports increase, high oil prices are turning into less of an economic negative for the country. Not to mention that oil-producing states overwhelmingly supported President Trump. So why is he complaining about high oil prices?
OPEC embarked upon a disastrous strategy in 2014 when it decided to defend market share against U.S. shale oil producers, but its new strategy is having the desired effect on the oil markets.
This week President Trump tried to broker a deal between refiners and ethanol producers. After a deal failed to materialize, he tabled a decision and will revisit the issue in three months.
The U.S. ethanol industry is facing the most intense pressure to reform since the 2005 Renewable Fuel Standard was implemented.
Permian Basin oil production is booming, but the growth rate is being threatened by rapidly growing volumes of associated natural gas.
The greatest disconnect between oil prices and companies in the energy sector is with Master Limited Partnership (MLPs).
This week Saudi Arabia signaled it would use its oil riches to invest in a renewable future as it announced a gargantuan solar project.
As the world entertains scenarios of peak oil demand, many agencies are warning that the far greater threat of an oil supply crunch looms.
In December, U.S. net petroleum and petroleum product imports fell to the lowest level on record. On the current trajectory, they could fall to zero in 2020.
Conventional wisdom says U.S. oil producers are going to take market share away from OPEC and from Russia, but some U.S. oil producers are cautioning against such predictions.
A revision in EIA data pushed November 2017 into the #1 all-time spot for monthly U.S. oil production.
BP’s latest Energy Outlook made headlines last week when it moved up the timing of peak oil demand. But the company also issued a warning over the trajectory of global carbon dioxide emissions.
The latest Annual Energy Outlook from the Energy Information Administration suggests the possibility that U.S. oil production will stop growing in three to four years.
President Trump is reportedly considering a 25 cent per gallon increase in federal fuel taxes, which haven’t changed since 1993. That’s an idea worth considering.
Nine years after the Renewable Fuel Standard mandated that cellulosic ethanol had to be blended into the fuel supply, billions of tax dollars have been spent to make cellulosic ethanol a commercial reality. Here’s how that experiment is going.
In his first State of the Union address, President Trump missed an opportunity to highlight America’s position as the world’s leading energy superpower.
President Trump scarcely mentioned the energy industry in his State of the Union address, and what he did say wasn’t completely correct.
As Waymo’s fleet of self-driving cars continues to grow, a new AAA survey finds that Americans are becoming less fearful of this new technology.
Unless major reforms are enacted in Venezuela, its time as a major oil producer is over.
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.