Category: Contributors

The factors contributing to the price of crude oil have confused many seasoned observers for years. Generally, supply and demand have been the most important considerations. For example, when there is an oversupply, prices decline, which increases demand and consumption. When demand increases and the oversupply turns into a shortage, prices increase, resulting in a decline in consumption, and the... Read More

Some people may find it hard to believe that the United States was the largest producer of petroleum and natural gas hydrocarbons last year. As a matter of fact, it was the fifth consecutive year that the U.S. beat Russia, Saudi Arabia, and all of the other OPEC producers. The U.S. beat everyone. For some 40 years, oil and natural... Read More

Regulations are a burden on consumers, businesses, and the economy, according to a new study by the Competitive Enterprise Institute entitled “Ten Thousand Commandments.” The financial burden has become so large — $1.9 trillion annually for regulatory compliance and economic impact — that if U.S. regulations were a country, it would be the world’s seventh-largest economy, ranking behind India and... Read More

While the exploration-and-production sector of the oil and gas industry has drawn most of the media attention recently, the service and supply sector has been making a comeback from the painful downturn of 2015 and 2016. Bank of America Merrill Lynch conducted a survey recently and found that the increase in activity has tightened access to oilfield services, equipment, and... Read More