Mar
31
U.S. oil producers gain increased access to international contracts
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While the merits of capitalism are under fire in the U.S., countries that rely on oil revenues to fund socialist agendas are experiencing significant hardship as a result of current oil prices. Always willing to help (for a price), Western oil producers are now poised to acquire desireable new contracts that were unavailable to outsiders [...]
Mar
24
Oil at $60 per barrel by 4Q09?
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OPEC officials representing Algeria and Liberia say the new target price for should be around $60 bbl and the majors are withdrawing oil from storage. For thoughts on how these and other weekly events will affect the oil markets, check out my blog at Investor’s Insight.
Mar
17
OPEC rejects additional production cuts
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In an apparent attempt to prevent the global recession from deepening, OPEC announced at it’s most recent meeting that quotas will stand pat. Meanwhile, U.S. drilling activity is dropping off in the face of projected supply shortages. For more information visit my blog at Investor’s Insight.
Mar
10
Pentagon warns of “severe shortages” by 2012
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Oil and gas supply shortages are “inevitable” unless major developed and developing states undertake a massive production expansion effort, says a new report from the U.S. Pentagon. Terrorism and organized crime are compromising the productivity of sector-specific oil markets around the globe, leaving a supply gap that could hit the market by 2012. For more [...]
Mar
3
I’ve been writing about the Obama administration a lot lately, and this week is no different. Washington is planning to levy a massive tax increase against domestic oil companies. For three reasons why this is a very bad idea, visit my blog at Investor’s Insight.