Oil Demand Is Returning, but Prices Are Still Too Low
For the last several months, world oil markets have taken it on the chin. There’s been too much production and unprecedented coronavirus-led demand destruction. Global storage capacity is also nearly full. But the hurt is just getting started… Price Update In the exploration and production (E&P) space, cash flow is king. If an E&P company […]
The Pros and Cons of Arctic Oil Drilling (And Why We Should Start Now)
The Obama administration just granted Shell approval to drill in the Arctic Ocean. Is the decision a win for Big Oil… a loss for environmentalists… or both?
The Will of the People Be Damned
Most people are afraid of change. Right now, automobile dealers across the U.S. are afraid of Elon Musk. Musk is the brilliant CEO of Tesla Motors Inc. (Nasdaq: TSLA). His outside-the-box thinking with regard to car sales has left dealers “all dressed up with no place to go.” With his direct-to-the-customer sales model, he doesn’t […]
Cline Shale: The Newest, Hottest Shale Oil Play
There’s an old 1950s Texas saying that goes something like this: “A few oil wells makes ranching a fine business.” But after the initial boom that ended in the 1970s, Texas oil seemed like it was heading in the direction of “all hat and no cattle.”