I have been surprised by the cavalier attitude I’ve seen about the rising price of gasoline and its impact on the average family or community in recent weeks and months, but I’ve been even more surprised by this attitude being parroted out by the media, the so-called cultural “elites,”...
Bakken Shale – North Dakota/Montana Mid-cap independent producers Oasis Petroleum and Whiting Petroleum agreed to merge in early March, creating a ‘mini-major’ operator in the Bakken Basin. In a prepared statement, the companies said, "The combined company will have a premier Williston Basin position with top tier assets across approximately...
Russia’s invasion of Ukraine and the ensuing global fallout from that war have reminded global leaders of the critical nature of maintaining energy security for every nation. It is generally accepted now that Russian President Vladimir Putin would not have sent his army into that much smaller European nation...
The hydrogen economy has been a discussion in academia and with researchers for decades. The most substantial effort to bring it to reality occurred during high oil prices in the early 2000s, yet as with every previous effort, it ended with unprofitable projects and disappointed investors. As the climate...
Russia’s attack on Ukraine has roiled energy markets, pU.S.hing crude oil prices upward from already high levels. And no wonder, as RU.S.sia is one of the world’s top producers and exporters of crude oil and petroleum products. RU.S.sia has consistently been the second largest single-country producer of crude oil...
Refilling the SPR with Just 6 Million Barrels
Unless you’ve already done the smart thing and retired to the wilderness of your choice, you’ve probably heard the news that the European Union struck a deal with the United States to considerably boost its intake of American LNG. Considerably in this case means an additional 15 billion cubic meters...
In reading through this issue of SHALE Magazine, you will notice a heavy focus on events surrounding Russia’s war on Ukraine. That was not our plan for this issue when the year began, but everyone has a plan and they tend to fall apart as soon as the first...
Energy prices have been rising for over a year and in recent weeks, they’ve been skyrocketing both at home and abroad. The causes of this impending energy cost crisis are multitudinous, but they are all rooted in the same problem: command and control energy and fiscal policies put in...
Even poor Joe Biden has seen the light on LNG as the only way to get Europe off dependence on Russian gas. What he hasn’t grasped, though, is the fact we can’t get the LNG to places such Germany without pipelines and ports. Indeed, the Biden Administration has done nada...
In this issue, we are going to do a miscellany of a few short items relating to the oil and gas industry. First of all, let’s do something we don’t do very often — let’s praise the Texas Legislature for passing SB 13. SB 13 has two major parts. A...