For the first time since 1949, the United States is poised to become a net exporter of petroleum products, according to the Petroleum Supply Monthly report for November put out by the U.S. Energy Information Administration.
Through the first nine months of 2011, the U.S. exported 753.4 million barrels of...
Since oil really started crashing, the media can only talk negatively about oil.
These are the same talking heads who had no clue about the impending 50% plunge in prices. Why do we listen to them—instead of paying attention to facts?
Here is one fact….US gasoline and oil demand is surging.
That...
Why Exxon Mobil Is Important for Retail Investors
Exxon's trading symbol is XOM:NYSE. At various times it has been the largest (non-sovereign) company in the world, depending on its share price. And it certainly one of the most profitable - in the quarter ending Dec 31/08 (Q4, for short), Exxon...
The energy sector is such a typical American-Canadian contrast. It's like the Americans love to shoot guns, and the Canadians love to dodge bullets.
In the USA, the Shale Revolution has turned the American energy industry upside down with huge new supplies of natural gas and light oil.
They have reversed...
(To see Part 1 just scroll down after this article).
So how do bankers and energy producers deal with the large amount of debt that is on the balance sheet of almost ALL junior and intermediate producers on the Toronto Stock Exchange (TSX).
Both groups are realizing they could be in...
Murphy’s Law Is Alive And Well In The Canadian Energy Patch
Despite oil being up today, it's ugly for E&P companies across the globe. But I think Canadian producers have been hit with Murphy's Law worse than anyone.
After a decent Q2--because of the low Canadian dollar and forest fires reducing...
The heavy oil price in Canada has been surprisingly strong this year, and that led me to purchase some Rock Energy (RE-TSX) on Friday. It is one of the few (I've only found 2) juniors with exposure to heavy oil. The stock is cheap on several metrics compared to...
This week the EIA released the first look at its new method for reporting United States crude oil production.
It revealed two things.
First, the EIA’s prior method had been significantly overstating U.S. oil production so far in 2015.
Second, U.S. production appears to have started declining back in April. This is...
