#OilmanNEWS 2017 July-August Alex Mills Contributors 

Crude Oil Pricing Can Be Confusing

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
#OilmanNEWS 2017 July-August 

Optimizing IT Spend: Critical Success Factors: Decision Framework and Timing

This article is part three of a four-part series on optimizing IT costs. As revenue decline continues to place scrutiny on all technology costs, a programmatic model to review technology spend and impact across all budgets, internal and external to IT, can identify quick-wins and long-term cost efficiency opportunities. Not only can a cost optimization program help evaluate the tradeoffs… Read More
oilman oil and gas news #OilmanNEWS 2017 July-August Louisiana Texas 

Gulf States May Suffer if Proposed Budget Cut is Approved

Alabama, Louisiana, Mississippi and Texas received $36.5 million in payments between 2009 and 2016 due to an act passed by President Bush which allocated some offshore drilling revenue to Gulf states. However, if Congress approves a recently proposed budget cut from the Interior Department, these states may receive nothing from the companies which operate in the Gulf region. The Gulf… Read More
#OilmanNEWS 2017 July-August Shale 

American Energy Dominance?

At the Houston Offshore Technology Conference (Largest oil and gas convention in the U.S.) in early May, Secretary of the Interior Ryan Zinke stated that America’s future role is not only “energy dependent” but “energy dominant” and “dominance is what America needs.” However, what is American energy dominance? This term was left fuzzy in the minds of the audience. One… Read More
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