Everyone in the oilpatch is now nervous that the United States could run out of oil storage capacity.  This “storage issue” is now Big News, and is driving light oil prices in the US—WTI—to fresh six year lows of $42-ish a barrel. I see a lot of copy on the...

Goldman Sachs made a prediction on Sunday, September 11, that the United States will become the world's largest oil producing country by 2017.

You know what makes the Bakken oil play so special? It is oily AND over-pressured. All that means is that at a certain depth, there is more pressure than normally should be there—because there’s fluid there. If that fluid is oil—it’s trapped—then it’s bursting to get out. It sure makes...

Junior oil sands exploration firm Southern Pacific Resources Corporation (STP:TSX) recently released 1Q12 results which showed that its production averaged 3,784 barrels per day (bbl/d) and cash flow of C$10.7 million or C$0.03 per share.

By Donald Dony, Editor www.technicalspeculator.com Energy sector swings to performance As the bull market starts its 6th year and the 3rd longest advance since 1920, we see several signals that are common to the later phase of a mature market. The first is the relative performance shift out typical bull market sectors...

Australia-based research firm Macquarie Equities Research reaffirmed its OUTPERFORM rating for Strategic Oil and Gas (SOG:TSX) and maintained its target share price of C$2.50.

  The diplomatic war of independence between Iraq and its northern region Kurdistan is escalating rapidly, with the flashpoint for armed conflict being the Kirkuk oilfield on the boundary between the two sides. While both sides have pulled back some of their troops poised for conflict recently, 2014 could be decisive...

The retirement of many baby boomers will soon leave the oil industry with a wealth of inexperienced employees.