Russian oil minister Alexander Novak warned Tuesday that global oil prices could hit $300 per barrel in the event of an import ban. Novak went onto suggest that Russia could shut down the Nord Stream 1 pipeline, which supplies much of Europe’s natural gas needs, in retaliation for a...
As the current session of the Texas legislature winds down to a merciful end, it has now become obvious that members of the house and senate will once again fail to enact needed reforms designed to stabilize the grid and protect citizens from deadly weather events like the one...
On Tuesday, a day when BP announced its estimate that global demand for crude oil has again reached 100 million barrels of oil per day, and a day when OPEC+ announced 6 of its 13 member countries have been under-producing their supply quotas in recent months, management at Diamondback...
By Ike Brannon
Senate Majority Leader Charles Schumer recently announced that he would take up the multi-trillion dollar budget reconciliation bill later in July, and part of that package will include a variety of tax increases that total over $1 trillion over the next ten years.
It is worth asking how...
Fallout from the Russia/Ukraine crisis is dropping like so many bombs on big oil companies that had entered into various deals with Russian oil companies since the fall of the Soviet Union 1990. That fallout promises to create collateral damage of its own in the weeks and months to...
Ryan Zinke, former U.S. Secretary of the Interior, has joined Cressman Tubular of Dallas, TX, in an advisory role. After his tenure as both commander in Navy SEAL Team Six and member of the president’s cabinet, Secretary Zinke looks to make his mark on the U.S. steel industry. In...
Confession: I voted for Greg Abbott to be Texas’s governor, not once but twice. But on Wednesday, the Governor made a statement so at odds with all available public information and frankly out of touch with reality that I and many other Texans will have to think long and...
As Joe Biden and the world’s elites make plans to hop on their private jets and fly over to Glasgow on Halloween to attend the UN’s COP26 climate summit, Biden’s plans to go green are falling apart. Oil prices are through the roof, gas prices are through the roof,...
I got a little irritated Thursday evening when a writer at the National Review Online claimed that the "feds" had "discovered" the largest oil and gas reserve in history, and responded on Twitter as follows:
https://twitter.com/GDBlackmon/status/1070812216482500614
I mean, c'mon, how hard is this to understand? The federal government had literally nothing to...
On Monday, IEA head Fatih Birol the EU Parliament's Energy and Environment Committee that "It is inaccurate and unfair to explain these high energy prices as a result of clean energy transition policies. This is wrong."
This is, of course, utter and complete nonsense. Of course the "clean energy transition...
