Insider Secrets

Insider Secrets

Learn how the PROs are making money from the oil and energy market.

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Energy / Energy-General

OIlprice.com's Energy section focuses on all energy related topics that can't be easily classified in our other categories. Topics covered are fossil fuel energy, solar energy, wind energy and many other types of energy sources.

  • Alberta Holds Back On Royalty Hike For Oil Industry

    Call it the new era of reverse negatives. It’s not that the Alberta government did something good as much as it didn’t do something bad. The NDP’s long-awaited royalty review was released January 29 and depending upon where the final royalty curves end up (the future royalty rates for oil, natural gas and natural gas liquids were not released and have yet to be determined), the outcome for the oilfield services sector (OFS) could be neutral to positive. Again, it’s not so much this is good news. It was already announced the royalty regime would not change in 2016. Nor…

  • We Might Be Closer To A Bull Market Than You May Think

    It’s been a horrible run for oil and oil stocks. But, dare I say it; there are finally some tangible signals of a workable long-term bottom forming in oil – and a further longer-term bull market in oil that’s brewing with it. Look, there’s no one left who is ready to believe that oil can ever rally substantially again. But I know it must – we cannot get oil from all of the newest, most important sources of oil in the deep oceans and oil sands, as well as from most shale resources here in the U.S. for $30 a…

  • Oil Price Slump Takes Its Toll On Emerging Markets

    Friday, February 5, 2016 In the latest edition of the Numbers Report, we’ll take a look at some of the most interesting figures put out this week in the energy sector. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers. Let’s take a look. 1. Spending and dividends exceed cash flow   (Click to enlarge) - BP reported a $6.5 billion net loss for 2015, and announced another 3,000 job cuts. It was the worst result in decades for the British oil giant. - Worrying for the company is the fact…

  • Global Energy Advisory February 5th 2016

    Politics, Geopolitics & Conflict Report • Yemen: Fighters from al-Qaeda in the Arabian Peninsula (AQAP) have retaken the Yemeni town of Azzan in the Shabwa province after a several year hiatus. They were forced out in 2012 by tribesman loyal to the Yemeni president, and reportedly retook the town this week with little to no resistance. That there was no resistance speaks volumes as to the destabilization of Yemen amid the proxy war being fought here between Iran and Saudi Arabia. This destabilization will backfire on Saudi Arabia, which shares a border with Yemen. The Saudis are fighting the Shi’ite…

  • OPEC-Russian Cooperation Rumor Not Dead Yet

    With apologies to Sargent Joe Friday from the old Dragnet television series, this week I want to talk about the facts and only the facts, and one big rumor. This past week can best be described using a quote by former United States Secretary of Defense Donald Rumsfeld, “There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don’t know. But there are also unknown unknowns. There are things we don’t know we don’t know.” We know that March Crude Oil futures are…

  • In Spite Of Plunging Rig Count, Oil Erases Earlier Gains

    As we look at some vital statistics on the oil and gas industry. We see that U.S. crude inventories have surpassed the 500 million barrels milestone and that nationwide average gasoline prices keep falling. (Click to enlarge) (Click to enlarge) (Click to enlarge) Related: Iran Looking To Ramp Up More Than Just Oil ProductionAnother rocky week for oil prices. WTI and Brent bounced up and down throughout the week along with the rise and fall of expectations for a potential OPEC meeting in February. Also, the top official at the New York Federal Reserve hinted at the fact that the latest…

  • Obama Proposes $10 Tax On Each Barrel Of Oil

    The Obama administration will reportedly unveil a proposal next week that would place a $10 tax on each barrel of oil produced in the United States. The proposal is part of the President’s budget for fiscal year 2017. The $10 oil tax would raise an estimated $32 billion, and the money would be used to fund an ambitious program of investments in clean energy, mass transit, high-speed rail, self-driving cars, light rail, subways, buses, and much more. The investments could total $300 billion in new spending. The proposal would help bring America’s infrastructure into the 21st century, and provide “a…

  • Despite Bold Predictions, T. Boone Pickens Sells All Oil Holdings

    Just four days ago, on Monday afternoon, "legendary" oilman T Boone Pickens said that crude has hit bottom at $26 per barrel, and predicted that prices should double within 12 months. Pickens then doubled-down on his wrong call from last year, telling CNBC's "Squawk Box" that oil prices will rise to at least $52 per barrel by the end of the year. That said, he was at least honest enough to admit that his virtually identical call from last year, when he thought prices would strongly rebound, was wrong. Whether it's $50 or $70 by the end of 2016 will…

  • The $2 Trillion Gift From Oil Companies To Consumers

    One of the biggest mysteries of the last quarter is why the economy seems so weak. Sure, Chinese economic growth stinks, and Europe continues struggling with its own problems, but none of that should have a dramatic effect on U.S. growth. More importantly, U.S. consumers should have a tremendous amount of increased spending power thanks to gas prices that are the lowest they have been in a decade. Yet U.S. stocks are in doldrums and analysts are increasingly predicting at least a slim chance of a mild recession this year. The benefit to consumers from low oil prices does not…

  • Russia So Desperate It Could Sell Off State-Owned Oil Assets

    Reeling under sanctions and a recession caused by depressed oil prices, the Russian government is working to finalize a list of seven strategic state-owned companies slated for partial privatization in a bid to inject fresh funds into federal coffers, and the country’s largest oil producer and pipeline monopoly may make the cut. The list reportedly includes Russia’s largest state-owned oil company, Rosneft, and its state-owned pipeline monopoly, Transneft, along with diamond miner Alrosa, airline Aeroflot, Rostelecom, shipping line Sovcomflot, and Russian Railways. Two banks—VTB and Sberbank—are believed to have been taken off the list already. The driving force behind this…

Martin tiller