Oil didn’t spike after last Friday’s massacres in Paris because the chief driver of oil prices has changed.
Accelerating changes in the oil industry are leading to two major emerging trends.
Another Saudi official is trying to downplay the kingdom’s expanding deficit – as their problems get worse..
The House of Representatives just voted to approve a budget deal to raise the U.S. debt ceiling.
And buried in this last-minute accord designed to save us from another government shutdown is a provision to sell oil from the Strategic Petroleum Reserve (SPR).
What is transpiring in geopolitics prompts me to recall the depths of the Cold War.
Back then, the two superpowers – the United States and Russia – contested for leverage wherever they could.
Low oil prices have brought OPEC and Russia to the brink of partnership, but don’t expect this new closeness to radically raise oil prices. Here’s what the real impact will be.
McCarthy has expressed several specific energy policy recommendations.
The U.S. Energy Information Administration just released its latest report on oil. And although I’m no conspiracy theorist, what’s going on with oil prices has all the earmarks of a setup.
In its monthly report released on Monday, OPEC indicated it is now willing to discuss production levels with other non-OPEC countries.
Investing in natural gas is going to be a major source of energy profits in years to come.
But to know where the profits are, you must understand how the industry is evolving.