US Surpassed Saudi Arabia, Russia To Become World’s Top Oil Exporter

| September 12, 2019

Let’s not celebrate too soon. The US’s spot at the top of the global oil-exporting heap was rather short-lived, because according tot he IEA, Saudi Arabia reclaimed the top spot for July and August as hurricanes disrupted US production. In June, the US has once again surpassed Saudi Arabia and Russia to reclaim the No. […]

The Evolution Of Energy In The U.S.

| August 29, 2015

Who’s the odd man out here? An Educated guess might surmise it’s coal!   Source: Visual Capitalist The early settlers to North America relied on organic materials on the surface of land for the vast majority of their energy needs. Wood, brush, and other biomass fuels were burned to warm homes, and eventually to power […]

The United States Is Now The Worlds Largest Oil Producer, Yes…You Heard It Right

| October 30, 2013

So maybe this has something to do with the stock markets being so strong. It’s no secret that cheap oil is critical to long term growth in big economies like the United States. Reuters News: The U.S. has  surpassed Saudi Arabia as the biggest oil producer in the world. You read that correctly: “The jump in output […]

Here Are The Most Recent U.S. Crude Oil Import Charts….

| September 4, 2013

The U.S. isn’t “oil  independent” just yet, but we’re working on it!  As you can see from the charts below, most of the OPEC oil imported by the US comes from places other then the Middle East.  Saudi Arabia and Libya are the exceptions.  2013 July vs June Chart Below……. 2013 Year To Date Chart below….. Source: Census Bureau

New Technologies Set To Make U.S. The Worlds Largest Oil Producer By 2017

| November 13, 2012

This will change everything folks…….Growing supplies of crude oil extracted through new technologies including hydraulic fracturing of underground rock formations will transform the U.S. into the worlds largest producer of oil starting as early as 2017, the Paris-based adviser to 28 nations said in its annual World Energy Outlook. The U.S. met 83 percent of its energy needs […]

Gasoline Demand Is Plunging While Price Per Gallon Heads Higher

| February 10, 2012

Gasoline deliveries have in the past reflected recession or growth.  If so, the recent drop in retail gasoline deliveries may signal a sharp economic contraction dead ahead.  Or… a new normal because of rising fuel economy? Note that petroleum usage is back to 1997 level and gasoline usage is back to 2001 level. Moreover, two out of the last three weeks gasoline […]

Natural Gas Prices Continue To Plummet

| January 12, 2012

The good news for the consumer is that “experts” predict rock-bottom natural-gas prices through at least 2013. “We’re anticipating sustained low gas prices,” says Andy Steinhubl, from Bain & Co.’s North American oil and gas practice.  This from The Wall Street Journal….. U.S. energy companies are pumping so much natural gas out of the ground that […]

The Future May Be In Natural Gas…But That’s Also The Problem

| December 31, 2011

At the close of  2011, U.S. natural gas prices sat at their lowest point in more than two years and the lowest winter price in ten years.  All the while natural gas production in the lower 48 states hit an all time record of 71.3 billion cubic feet a day in October, according to the latest U.S. Department of […]

U.S. Navy Says Any Disruption To Straits Of Hormuz “Will Not Be Tolerated”

| December 28, 2011

The message is clear…. Reuters:   U.S. FIFTH FLEET SAYS ANY DISRUPTION OF NAVIGATION IN HORMUZ STRAIT “WILL NOT BE TOLERATED” The U.S. Fifth Fleet said on Wednesday it will not allow any disruption of traffic in the Strait of Hormuz, after Iran threatened to stop ships moving through the strategic oil route. “The free flow […]

Bulk Of Libyan Oil Infrastructure Now In Rebel Hands…Libyan Oil Trade Threatens European Economies

| March 8, 2011

Reuters reports that European oil imports are about to get tough, making life for Italy, which is most reliant on Libyan oil, quite complicated: Libyan oil trade has been paralysed as banks decline to clear payments in dollars due to U.S. sanctions, trading sources told Reuters on Tuesday. The move follows a decision by major […]

Wikileaks Concerns – Saudi Oil Production and Reserves

| March 7, 2011

World changing events are taking place in the oil rich Middle East.  Saudi Arabia drafts another 10,000 troops ahead of protests, and drafting up to 10,000 security forces to the north eastern Muslim Shia provinces ahead of mass protests planned next week. Peak oil has passed. The economic dominance of the West is now history. Those […]

It’s Not Over By A Long Shot…..The Contagion In The Middle East And North Africa (MENA) Continues To Grow

| March 5, 2011

Cumberland Advisors David Kotok always does a good job on the important issues…’s a good read! $115 Oil, Contagion and Central Banks March 5, 2011 “… there’s so much unrest that one can actually sense or imagine unknown nano-particles of rage colliding in mid-air…”  (Source: a private person who screens Middle East media for me […]

STRATFOR On Bahrain, At The Center Of Middle East Oil Shipping Lanes

| February 25, 2011

Some good points about Bahrain….and why it’s important to oil! Bahrain lies in the middle of an age-old contention between Iran and Saudi Arabia… and the balance between the two rivals could soon be tipped. A strong Iraq was a nice buffer between Saudi Arabia and Iran, but a strong Iraq is no more. Now […]

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