US Exporter #OilmanNEWS Alex Mills Contributors Oil and Gas News 

U.S. Becomes Net Exporter of Petroleum

Just a week after OPEC members announced they were cutting oil production and exports, the U.S. Energy Information Administration announced that the U.S. became a net exporter of petroleum in November for the first time. The news signifies that U.S. has become a major player in world crude oil marketplace as production continues to increase surpassing 11 million barrels per… Read More
Controversial National Climate Assessment Released #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Controversial National Climate Assessment Released

The federal government has issued an extensive report that gives a gloom-and-doom assessment of civilization unless drastic measures are taken soon to stop climate change. Of course, stopping, or even slowing, climate change is very difficult, if not impossible, because the climate has always changed and will continue to change. The paper, called the Fourth National Climate Assessment, is filled… Read More
Volatile Oil Prices Create Confusion Among Traders #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Volatile Oil Prices Create Confusion Among Traders

The volatility in crude oil prices has just about everybody wondering where they will be tomorrow, next week, next month, or next year. Prices dropped $2.26 to $53.43 per barrel on the New York Mercantile Exchange (NYMEX) on Tuesday. Prices have declined some $20 since Oct.1 following increases in 2017 and 2018. The immediate result has been a decline in… Read More
Voters defeat three referendums on energy #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Voters Defeat Three Referendums on Energy

The energy industry won three referendums on Tuesday that would have made energy production more expensive in Colorado, Washington and Arizona. Environmental groups sought to make the production of fossil fuels more expensive by mandating restrictions on production, taxing emissions, and requiring increased usage of renewable sources. The referendum in Colorado, Proposition 112, failed 58 percent to 42 percent. It… Read More
Survey finds more optimism among oil executive than in 2017 #OilmanNEWS Alex Mills Contributors Oil and Gas News 

Survey Finds More Optimism Among Oil Executives Than in 2017

While oil and gas executives have grown more optimistic about economic conditions within the industry, they are concerned about growing geopolitical issues which include potential environmental restraints. The firm of Deloitte & Touche LLP released this week its annual survey of 325 executives from the exploration-and-production sector (upstream), the transportation sector (midstream), and the refining/chemicals sector (downstream). A growing U.S.… Read More
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