According to the 2022 BP Statistical Review of World Energy, Venezuela has more proved oil reserves than any other country in the world. Venezuela’s 304 billion…
During President Biden’s 2023 State of the Union Address, he relayed an anecdote that I believe explains his stance toward the oil and gas industry.…
In late January Chevron announced fourth quarter and full year 2022 results. Chevron earned a record $36.5 billion profit in 2022, more than doubling 2021…
I always like to get in my energy predictions in early January, so this is a bit later than normal. Last year’s predictions were especially…
Last month the National Ignition Facility at the Lawrence Livermore National Laboratory (LLNL) in California announced a significant breakthrough in nuclear fusion research. Since then,…
Now that 2022 is behind us, we can review the final numbers for U.S. oil production. The Energy Information Administration (EIA) publishes these numbers, but…
The year 2022 was one of the most volatile we have ever seen in the energy markets. Oil prices have been extremely volatile in the…
At the beginning of each year, I make several predictions about the energy sector. You can see those predictions and read the context for my…
Often one event will impact the energy sector in multiple ways. In 2020 it was the emergence and subsequent consequences of the COVID-19 pandemic that…
This is an article that I am starting to write before I know the answer to the question I posed in the title. Earlier this…
Over the past decade, climate and environmental activists have pushed organizations to divest fossil fuel investments. According to Gofossilfree.org — an organization that describes itself…
Republicans will take over control of the House of Representatives in 2023. What does this mean for energy policy? Let’s discuss. There are two major…
Last week, as expected, former President Donald Trump announced he is throwing his hat in the ring for the 2024 presidential election. The move was…
One of the under-reported factors behind the ongoing diesel shortage is the loss of U.S. refining capacity since the start of the Covid-19 pandemic. Today…
Following my recent article — Why The U.S. Has A Diesel Shortage — one reader pointed out that I omitted one factor from my analysis.…
Last week, the Energy Information Administration (EIA) reported that distillate inventories were at their lowest levels since 2008. (The primary distillates are diesel, jet fuel…
The U.S. is rapidly depleting our Strategic Petroleum Reserve (SPR) and is now begging Saudi Arabia and OPEC not to cut oil production. This is…
In December 1975, when memories of gas lines were fresh on the minds of Americans as a result of the 1973 OPEC oil embargo, Congress…
I tell people that to understand OPEC, you have to put yourself in their position. Their objective is to maximize the value of the oil…
I am often asked if the U.S. is energy independent, or whether we have ever been energy independent. I frequently encounter a claim that President…