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The Offshore Oil Business Is Crippled And It May Never Recover How badly do oil producers want to transition out of the deepwater and focus on shale? And guess what that means for the global oil price? Exxon Mobil (NYSE:XOM) just paid Seadrill (NYSE:SDRL) $125 million in cash to get out of its commitment to...
If you were on the hunt for the next big horizontal oil play in the U.S., where would you be inclined to look? Texas?  That makes sense; Texas is the top oil producing state in the country. California?  That also makes sense, California has been a top oil producing state for...
Two catalysts just ratcheted up investor interest in west coast LNG—Liquefied Natural Gas. One was the re-election of the centre-right Liberal party in British Columbia in May.  The second catalyst came in mid-June, when Malaysia’s Petronas announced it wants to spend $16 billion—as fast as government approvals will allow—to ship...
By Bill PowersOne of the little spoken truths of the shale gas industry over the past three years has been that most of America’s gas fields are now experiencing production declines with one large exception: the Marcellus Shale in Pennsylvania.And that narrow reliance on one play gets even more...
...Let me tell you what that means By Donald Dony Sector rotation is the normal evolution of different industry groups to a recovering and expanding economy.  It is also affected by investors trying to anticipation this expansion. Chart 1 illustrates the usual rise and fall of different key industry groups.   In a bear...
The Saudis want control of the oil market back, and they are lowering prices to weed out the high cost producers. But I found a western producer with even lower costs per barrel than the Saudis. That’s right—someone who beat them at their own game.  Just like the Saudis, this company...
Oil is up.  Consensus has changed from a supply glut to a more balanced market by the end of this year—but the Market is in full swing pricing that in now. Energy producers across the board have had a good run in the last month, and it could continue—both Brent and...
Editors Note: I've been following Tom McClellan for years. He has an uncanny ability to find intriguing economic relationships--ones you would never expect--through charting.  His recent article on oil was so direct, so simple I asked him to share it with you today.  I've been a subscriber for a...