Saudi Arabia

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.

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.

Fears Of An Oil Supply Shortage Overshadowed By Macro-Level Concerns

Phil Flynn

September 21, 2021

Macro worries about fallout from a possible default in China, fears that the U.S. might not raise the debt ceiling, and uncertainty about the upcoming Fed meeting caused Monday's meltdown.

U.S. Petroleum Inventories Have Fallen To Their Lowest Levels For This Time Of Year Since 2014

Phil Flynn

September 17, 2021

Global crude oil demand is exceeding supply and we're also seeing a big drawdown in inventories, especially here in the United States. That's causing the cost of oil to go up, which also raises the cost of gasoline.

Ida Has Been The Most Disruptive Hurricane To Oil Supplies In History

Phil Flynn

September 9, 2021

Bureau of Safety and Environmental Enforcement (BSEE) reports show that 76.88% of oil production is still offline in the Gulf of Mexico, along with 77.25% of natural gas production.

U.S. Oil Production Is Down By Millions Of Barrels After Hurricane Ida

Phil Flynn

September 8, 2021

As of now, cumulative true oil production losses are at over 20 million barrels of oil. That number will soon exceed 30 million due to the slow comeback for production.

U.S. Total Product Demand Hit An All-Time High This Week

Phil Flynn

September 2, 2021

This record number will be very important to remember because we know that supply and demand data out of the U.S. will be skewed in the coming weeks due to the devastation we’ve seen in Louisiana.

After A Volatile August, OPEC+ May Raise Production To Meet Demand

Phil Flynn

September 1, 2021

OPEC+ still sees a global supply versus demand deficit, so even if they raise production at this meeting, perhaps next year we’ll see very little from them.