oil

energyWorld of Oil Will Be Dominated By a Second US Shale Wave for 5 Years

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The World of Oil will be dominated by a second wave of US Shale oil according to the International Energy Agency (IEA). The United States will be the source of 70% of the total increase in global capacity to 2024 …

energyTexas Sets New Record for Oil Production

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The Texas Independent Producers & Royalty Owners Association (TIPRO) reported oil production in Texas totaled a record 1.54 billion barrels (bbl) in 2018 which surpassed a previous record of 1.28 billion bbl set in 1973. If Texas were a country …

futureUS Treasury Will Block $7 Billion in Assets from Venezuela’s Oil Company

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The U.S. Treasury will block $7 billion in assets of Venezuela’s state-run oil firm PDVSA. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Petroleos de Venezuela, S.A. (PdVSA) pursuant to Executive Order (E.O.) 13850 for …

brazilWill the loyalty of Venezuela’s military follow the money?

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How will Maduro be able to keep the loyalty of the military when Guaido has all the money? The USA has already started to arrange to give all of its oil purchase money and gold to Venezuela’s new President Guaido. …

analysisNuclear Power Has Saved 3 Million Lives

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Going to nuclear power and uranium would be many times faster than replacing fossil fuels with renewables. There is a constant stream of death and sickness from fossil fuels. Japan and Germany went to more coal. Renewables can be better …

energyVenezuela Has to Pay Debt and Protection Money and Has Declining Oil

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Venezuela will struggle to produce 1 million barrels per day through 2019. The IMF and most other analysts expect the reported November production of 1.137 million barrels per day to drop by 18% or more. Oil production is currently falling …

energySurging US Oil from Efficient Fracking Is Forcing More OPEC Cuts

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Iraq, Kuwait, the United Arab Emirates, Russia and Saudi Arabia will extend an OPEC agreement for oil production cuts for another six months. OPEC recently agreed to a six month 1.2 million barrel per day oil production cut. OPEC is …

batteriesOil Analyst Makes Case for Electric Cars and Picks Copper as Way to Play Battery Future

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Marin Katusa of Katusa Research is an oil and uranium analyst. He gave his take last year on oil and uranium prices. Oil will remain range bound and Uranium prices will recover but in 2 to 5 years from last …

climate changeTexas Has Oil Past 2050 and Telling Real-Life JR Ewings to Stop Will Not Work

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The US Geological Survey has performed an updated survey of the primary oil basin in Texas and doubled their estimate of technically recoverable oil and gas from 2016. Fracking Technology Keeps Improving They did not change how much oil they …

energyOPEC and Russia Will Cut 1.2 Million Barrels per Day for 6 Months

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OPEC and Russia have agreed to a 1.2 million barrel per day production output cut. World Oil production is just over 100 million barrels per day, so this is a 1.2% global cut. This is about 3% cut for OPEC …