After more than a month of fighting, Russia’s invasion of Ukraine has devolved into a grinding war of attrition replete with indiscriminate attacks on Ukrainian civilians, cities and infrastructure. The U.S., Canada, Western European allies and others have responded with increasingly severe sanctions that have isolated Russia and decimated...
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...
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,”...
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...
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...
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...