Europe Needs Diversity from Russian Energy Supplies $UNG Europe needs to diversify its energy supplies to cut its dependency on Russia, US Energy Secretary Rick Perry said Tuesday. Secretary Perry, on a visit to Hungary, said that Russia needs to be prevented from using “energy as a coercive weapon,” like when it sometimes temporarily cuts […]
Hurricane Florence’s Effect on Commodities $CORN, $WEAT, $SOY, $USO,$UNG Thursday’s US economic data included: CPI, Export Sales, Jobless Claims and followed by EIA Gas Storage. But the the Main headline is Hurricane Florence bearing down on the east coast, and a major tropical disturbance in the Gulf of Mexico, it is 1 that has a 50% chance of forming into […]
Record Fuel Inventories to Buffer Supply Shortfalls Caused by Harvey $USO, $UNG, $UGA Record Crude Oil and refined products stocks will cushion potential shortages caused by Hurricane Harvey, the International Energy Agency (IEA) said Tuesday, adding that it could release emergency oil stocks in the event of extended outages. Some Crude Oil production and about […]
More Flooding Ahead for Texas, Losses Mounting $USO, $UNG, $UGA The flood waters deepen in Houston, the Hub of the US Crude Oil industry. As floods inundated the nation’s 4th-largest city Monday, with an estimated 20 ins of rain still to come, predictions of damage ranged as high as $100-B. Wall Street and Washington braced […]
President Trump Champions US Energy Dominance $USO, $UNG, $SRE Thursday, The Trump Administration said Thursday it is taking steps to expand Crude Oil drilling in the Arctic and Atlantic oceans as President Donald Trump continues to push for US “energy dominance” in the global market. The Interior Department is rewriting a 5-year drilling plan established […]
President Trump Reverses Obama Era Policy Banning Offshore Drilling $USO, $UNG, $XOM, $CVX, $RDS.A President Donald Trump is preparing to issue an executive order with the goal of giving oil companies more opportunities to drill offshore, reversing Obama-era policies that restricted the activity. The offshore drilling directive is set to be issued soon, Interior Secretary […]
Saudi Arabia is Keen on US President Trump’s pro-Crude Oil Policies $OIL, $USO, $UNG The Kingdom’s energy minister says Saudi Arabia may increase its investments in the US Saudi Arabia may increase its Crude Oil investments in the US due to a more fossil fuel-oriented energy policy by the Trump Administration, the Kingdom’s Energy Minister […]
Giant Oil & Gas Companies Qualify to Bid for Iran Resources $TOT, $RDS.A, $RDS.B, $E, $OZGBY, $SLB Iran’s Oil Ministry has published list of 29 international companies qualified to bid for Crude Oil and Nat Gas projects following the lifting of sanctions under a landmark Nuclear accord. The list published on the ministry’s website Monday […]
Deep Freeze Weather: Good or Bad for US Retailers? $AMZN, $UNG Cold Arctic air is covering the northern part of the USA, demand for Nat Gas to heat US homes is expected to spike, plus a lot of US retailers are hoping that demand for cold-weather gear will spike too. Retailers want enough cold weather […]
Renewable Energy Prospects Grim Under Trump Admin $USO, $UNG Koch Industries lobbyist Thomas Pyle is leading US President Elect Donald Trump’s transition team for Energy With that expect to see a regression in renewable power projects in California and the nation. Mr. Pyle is President of the Institute for Energy Research Group (PER), which has […]
America Can Become The Global Energy Powerhouse $USO, $UNG The Shale revolution has put America on the path to becoming a global Crude Oil and Nat Gas powerhouse. The ability to find more buyers as US capacity increases at a competitive price will dictate how dominant the US will become as an energy power in […]
The Permian Basin’s Has a $900-B Gift to the World of Energy $USO, $UNG, $PXD, $COP, $FANG The Permian Basin is the gift that keeps on giving. One portion of the giant field, known as the Wolfcamp Formation, was found to hold 20-B bbls of Crude Oil trapped in 4 layers of shale beneath the […]
USGS Add 20-B bbls of Crude to US Reserves $USO, $UNG The Permian Basin of West Texas and southeastern New Mexico is one of the oldest and easily most productive oil regions in the country. The 1st Crude Oil was produced there in Y 1931, and the Permian has produced more than 28-B bbls of […]