Looking back on 2019, it is amazing how the headlines in the energy world continue to be more of the same, in terms of both achievements and challenges — only more so. In fact, on the day I’m writing this column, one of the headlines is, “US crude oil...
One of the many outcomes of the COVID-19 pandemic is that the cost of shipping crude oil overseas has collapsed. According to a report in the Wall Street Journal today, the average price for chartering oil tankers has fallen by 77% since March as a result of the massive cuts in supply in response to the crash in oil prices.
These are extraordinary and unprecedented times for the oil patch. The world is awash in crude oil from the only-recently paused price war between Russia and Saudi Arabia. That supply glut has been combined with a massive demand drop as economies around the world have been shut in and shut...
Colorado Oil 2018
There is no question Colorado’s upcoming election cycle is going to be a doozy — headlined by the gubernatorial race between Democratic nominee, U.S. Rep. Jared Polis, and the Republican nominee, State Treasurer Walker Stapleton. Certainly, energy issues are primed to be front and center up and down the...
We are still a long way from Nov. 2020, but if one of the Democrat candidates wins the election you are going to need more than President Carter’s cardigan to keep warm. The candidates’ positions on energy and the environment are changing faster than the weather. Of course, Sen. Bernie...
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There are many major issues facing the Texas Legislature during the 2019 session. In early August I attended an event in San Angelo called the West Texas Legislative Summit which gave us insight into what those issues will be. The Summit was well attended this year with a handful...
The stark reality in Congress today makes the 2020 race for the presidency even more crucial for the oil and gas business than it normally is The time has come for people in the oil and gas business — especially its senior executives and those who do government affairs work...
War on Coal
First, they came for the coal industry, and I did not speak out — Because I was not in the coal industry. The battle over carbon will play a significant role in the long-term development of the tight oil plays in the United States. There is yet another push for...
The U.S. Energy Information Administration’s (EIA) Weekly Petroleum Report shows stocks for crude and refined products still rising in the U.S.
If enacted, their policies would abruptly end new natural gas extraction, drive up the cost of energy, cost many tens of thousands of jobs in Pennsylvania, create big holes in state and local government budgets, and increase our dependence on foreign energy sources once again On Nov. 7, Pennsylvania Senator...
Midterms
As the dust settled on election night 2018, we now begin to evaluate the consequences that the election’s results may carry with them. Specifically, how could the election and the changes it brings impact the oil and gas industry? First, the good news: In Colorado, Proposition 112 was handedly defeated,...
Russia and Saudi Arabia
As we leave the 2010s in the rearview mirror and accelerate into the 2020s, the past decade will be forever known as the decade of the “shale boom” “It was the best of times, it was the worst of times…” Just as in Charles Dickens’ classic “A Tale of Two...
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