oil

electricGeopolitics With Energy Independence After Electrification and Fracking

Global oil demand could peak by 2030 with a rapid rise in electric vehicles, ride-sharing and self-driving vehicles. Trucks use 20% of the world’s oil and cars use 40%. This is from 1.5 billion cars. Total global trade is about …

air forcePerspective on World War 3 and the Draft

Kids in Grade 6 are freaking out about the potential for World War 3. Kids in Grade 9 are freaking out about a possible draft. I was told by my kids that these issues were raised by other kids in …

energySaudi Aramco Passed $2 Trillion Valuation in Intraday Trading

Saudi Aramco’s shares closed at 36.8 Saudi riyals on Thursday, putting the company’s market value slightly below $2 trillion. The shares opened Thursday and reached 38.7 riyals where it briefly traded above a market value of $2 trillion. Apple closed …

appleSaudi Aramco Will IPO 1.5% of the Most Valuable Company in the World

Saudi Aramco will raise $25.6 billion in world’s biggest I.P.O. This will be a bit bigger than the 2014 IPO of Alibaba. Aramco made a net profit of $68 billion for the first nine months of the year. This is …

energyUS Crude Oil Production at Record 12.9 Million Barrels Per Day

US crude oil production hit an all-time record of 12.9 million barrels per day. This is about triple the lowest levels in 2005-2010. Brian Wang Brian Wang is a prolific business-oriented writer of emerging and disruptive technologies. He is known for …

coalUS Exported More Oil Than it Imported For the First Time in Over 70 Years

Based on preliminary data and model estimates, EIA (US Energy Information Agency) estimates that the United States exported 140,000 b/d more total crude oil and petroleum products in September than it imported; total exports exceeded imports by 550,000 b/d in …

dronesSaudi Arabia Refinery Repairs Could Take Months

The Wall Street Journal reports that Saudi Oil Refineries could take months to repair according to foreign contractors working with the Saudi state giant. Saudi Arabia state oil company Aramco had initially said repairs would take a few days. This …

dronesOil Prices Up 19% At the Open and USA is Ready to Hit Saudi Attackers

Oil prices hit their highest in four months after Houthi drone attacks damaged Saudia Arabia oil refineries. At the start of trading, Brent crude jumped 19% to $71.95 a barrel, while the other major benchmark, West Texas Intermediate, rose 15% …

energyUS Crude Oil and Oil Product Exports Exceeded Saudi Arabia’s Oil Exports

Saudi Arabia oil exports will dip for a few days because of the damage to oil handling infrastructure. Saudi Arabia oil exports were 7,371.537 Barrel/Day in Dec 2018 and 6,968.319 Barrel/Day in Dec 2017. US oil exports including non-crude oil …

dronesHouthi Drone Strike Has Damaged Half of Saudi Oil Facilities

A Houthi Drone Strike has damaged half of Saudi Arabia’s oil capacity. Saudi Arabia says the fire a will be put out and repairs made within days. Yemen’s Houthi rebels on Saturday took responsibility for the attacks, saying 10 drones …