Category: Contributors

Even though there have been some bumps along the way, the oil and gas industry in Texas has been on a slow, methodical road to recovery during 2017. The pace of that recovery gained some considerable momentum in the second quarter of the year. The Texas Petro Index (TPI) has increased every month since November’s low of 147.5 to 172.5... Read More

Just a few years ago there was a debate over energy policy that included the phrase “drill, baby, drill.”  The belief was that if drilling for oil in the U.S. increases so would oil production and gasoline prices would decline. President Obama, however, did not believe that more drilling and production of oil would have any impact on the price... Read More

The Organization of Petroleum Exporting Countries (OPEC) is getting a first-class education in the law of supply and demand, i.e. when supply outstrips demand prices decline. It has been a painful lesson. And it is not over. In November 2014, OPEC member countries decided not to cut production even though there was clearly an oversupply of crude oil on the... Read More