Contributors
Threat of Tariffs, Middle East Tension Impact Oil Markets
Crude oil traders were in a quandary last week: Do I believe there will be a shortage of crude oil because of increased tension in the Middle East, or do I believe there will be an oversupply because of increased tariffs implemented by the U.S. and China? If there is a decrease in supply, oil prices probably should rise. If…
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New Study Forecasts Higher Oil Prices
Crude oil prices have stalled recently, but one projection has prices rising because of tighter supplies and increased oil supply risks. The forecast comes from the Department of Energy’s Energy Information Administration (EIA), and it predicts that Brent crude oil will average $70 per barrel in 2019, which is higher than any previous forecast in 2019. “The 2019 Brent crude…
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Downturn by Legislation
On April 16 of this year, Governor Jared Polis signed Senate Bill 181 into law after what many consider one of the most controversial pieces of legislation in oil and gas history, as it met opposition from almost every Republican in the state of Colorado and the energy industry. The law took effect immediately, and changes the Colorado Oil &…
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Be Aware of the Modern Day Snake Oil
The founder and CEO of BMA Biotech, Mark Bullock is no stranger to the oil and gas industry. Both Bullock’s step-father and father-in-law have both worked in the industry for over 40-years. So, it is little wonder how a small-town boy from the United Kingdom is now living in Sugar Land, Texas and providing highly effective products and sustainable services…
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Interview: Josh Robbins, CEO, Beachwood Marketing
Emmanuel Sullivan: When did you start Beachwood Marketing and what is the business pain point you solve? Josh Robbins: It was a side hustle from 2010 until 2014, then I “officially” opened the doors of Beachwood. Beachwood is celebrating our five-year anniversary this July. Beachwood started because I accidently uncovered a deal during my nine to five gig; discovering that…
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50 Years Later: The Impact of Discovery
Fifty years ago, in 1969, natural gas was found in tremendous commercial volumes at the GHK Company #1 Green well, completed at a depth of 24,147 feet in the Anadarko Basin. This is approximately a mile southeast of Elk City, Oklahoma, my hometown. In those fifty years, thanks to the beginning of exploration in the Anadarko Basin, natural gas has…
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US Oil, Gas Industry Sets Production, Export Records
Texas has a reputation of being a leader in energy production from coast-to-coast. That reputation has grown internationally as Texas leads the nation with dramatic increases in oil and natural gas production and exports. The International Energy Agency (IEA) recently called the rise in production in Texas and the U.S. “the standout champion of global supply growth” and it expects…
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US Cancels Waivers to Iranian Oil Sanctions
Forty years ago Iran used the “oil weapon” against the United States as it sought to influence its support of Israel. Today, President Trump is using the “oil weapon” in an attempt to stop Iran’s attempt to develop nuclear capability. President Trump’s administration said on Monday any country purchasing oil from Iran after May 1 will face sanctions and all…
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