Energy

OPEC Goes Ahead With Production Increase

Phil Flynn

December 3, 2021

OPEC Plus decided to send a message of confidence to the global oil market. By choosing to go ahead with their 400,000 barrels of oil a day production increase, they seemed to be saying that they're not afraid of your omicron variant.

Inflation and High Energy Bills

Phil Flynn

November 15, 2021

Americans are being hit by inflation and high gas and heating bills. We are also being hit with the reality that the Biden administration’s pledge not to raise taxes on Americans earning less than $400,000 is not valid.

What Happens When Energy Supplies Become Vulnerable?

Phil Flynn

November 12, 2021

When energy supplies become vulnerable, the entire country becomes vulnerable. It's a lesson that should have been learned after the Arab oil embargo and World War II.

Oil Demand Continues To Rise

Phil Flynn

November 2, 2021

BP says that global oil demand today has already exceeded 100 million barrels per day (bpd), officially putting to bed that incorrect prediction that global oil demand had peaked.

Big Money For Big Oil

Phil Flynn

October 26, 2021

Saudi Arabia is warning that global oil spare production capacity is waning and “big oil” is crying all the way to the bank. The green new deal is making big oil big money as it drives shortages of oil and forces prices to multi-year highs.

What Is The Answer To Rising Fuel Costs

Phil Flynn

October 22, 2021

One of the laws of markets that we should all take to heart is that if you show me a price cap, I will show you a shortage. Maybe not today, perhaps not tomorrow but someday.

A Bad Winter Could Bring Record Energy Costs

Phil Flynn

October 15, 2021

The retreat by the U.S. energy industry on the world stage is being felt around the globe. Now with the expectations that global demand will exceed pre-covid levels in just a few months, users of oil and gas and propane had better be prepared for sharply higher prices.

Oil Prices Are Soaring Back

Phil Flynn

October 8, 2021

Oil prices are soaring back after the Department of Energy downplayed suggestions that they might use the strategic petroleum reserve to ban oil exports in an attempt to lower energy prices.

With Heating Fuels Inventories Down, We Could Be In For A Costly Winter

Phil Flynn

September 24, 2021

The combination of a slow comeback in Gulf oil production and an energy policy by the Biden administration that discourages oil and gas production is creating a situation that’s very bullish for petroleum and natural gas markets.

Evergrande Concerns Are Holding Oil Prices Back

Phil Flynn

September 23, 2021

While global oil inventories fall at an alarming rate, continuing concerns about China property developer Evergrande are holding prices back.