Tag: oil exports
Oil Price Now Hostage To The Financial Market
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading. The price gains are not entirely convincing. WTI and Brent posted strong gains, each up more than 3 percent by midday in New York, but come largely after U.S. equity markets shook […]
Oil Price War Now Between Saudi And Iran
The rivalry between Saudi Arabia and Iran is becoming increasingly evident in the oil pricing policies of the two large Middle Eastern producers. The two countries are currently reigniting the market share and pricing war ahead of the returning U.S. sanctions on Iranian oil. Saudi Arabia, OPEC’s largest producer, has been boosting oil production to […]
Oil Will Be An American Weapon
I took a gap year after college, and I decided to spend the winter in Jackson Hole, Wyoming. When I left from just south of Houston, I drove 700 miles the first day and spent the night in… Texas. Amarillo, to be exact. Texas is a big state. When you enter Texas from Louisiana on […]
Buy These 3 Stocks For The Boom In American Oil Exports
Monthly oil output in the U.S. this year topped 10 million barrels a day for the first time since 1970, hitting all-time records. And the surge has just begun. On March 5, the International Energy Agency (IEA) released its forecast that predicted U.S. shale output would rise by 2.7 million barrels a day to 12.1 […]
Is US Energy On The Verge Of A New Golden Age?
The U.S. has been a net importer of energy since 1953, but that’s set to change early next decade, according to the Energy Information Administration (EIA). In its highly anticipated Annual Energy Outlook 2018, the agency forecasts that the U.S. will become a net exporter of energy by as early as 2022, thanks in large part to the […]
