• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 10 days e-truck insanity
  • 5 days How Far Have We Really Gotten With Alternative Energy
  • 9 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days James Corbett Interviews Irina Slav of OILPRICE.COM - "Burn, Hollywood, Burn!" - The Corbett Report
  • 8 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 10 days Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 10 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 13 days Bankruptcy in the Industry
Oil Ticks Lower on EIA Inventory Report

Oil Ticks Lower on EIA Inventory Report

Crude oil prices moved lower…

Sao Paulo's Power Grid Nears Breaking Point

Sao Paulo's Power Grid Nears Breaking Point

Sao Paolo is facing blackouts…

Editorial Dept

Editorial Dept

More Info

Premium Content

The “Energy Crisis” Isn’t Real

Energy crisis

Before we become too enraptured with mainstream media headlines about “energy shocks” and “energy crisis”, there is one very important fact to consider: We are not short on crude oil or natural gas. As a cartel, OPEC can choose to produce more at any time. It chooses not to. That is a form of price manipulation. Russia is withholding natural gas from Europe, presently holding gas hostage at a time of European crisis until Germany certifies Nord Stream 2 to go live. That is also price manipulation - and a form with which we are all familiar. 

As participants in a free market, American shale cannot, as a group, “choose” to produce more crude oil. It produces only what its shareholders will allow; and right now, investors don’t want shale to ramp up production significantly. That is not price manipulation. American shale is not beholden to a cartel; rather to a diverse group of investors who want the patch to remain disciplined and will simply withdraw money if it’s not. 

Apart from weather-related disruptions in the Gulf of Mexico (which disrupted natural gas supplies) and India (where flooding has disrupted coal production), the only actual shortage the world is dealing with is renewable energy. 

The lesson here is to be careful what power source you rely on most. That reliance dictates your level of “crisis”. Italy, the UK, Germany, and Spain all rely heavily on gas for power generation.…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News