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...

Oil moved up sharply at the end of last week--so maybe now the media will start paying attention to a fact it has so far ignored--the fact is that U.S. oil demand has SOARED in 2015. The sheer magnitude of the American oil demand increase by itself has to have...

I’m going to run through a few seemingly unrelated facts here fairly quickly, but the message is: the North American energy market is so opaque right now—because fundamentals are changing so fast—that my #1 2015 credo—SMALL POSITIONS—still holds true.  And be prepared to change your mind in a hurry. This...

Is the energy sector under-reporting oil demand?  Some recent research suggests that's possible—potentially by a lot—as in 1.2 million barrels of oil per day (bopd). For oil bulls, that's not enough right now to sway oil prices.  But it could mean the market is tighter than everyone thinks. And that wouldn’t...

Investors can’t say definitively that the price of oil bottomed in the third week of March, but some very recent data  released by the International Energy Agency (IEA) that supports the premise that a bottom is in.  More on that in a moment. From a low near $43 per barrel...

One of the largest undeveloped shale plays in the world will get its First Big Test next month--June—the Beetaloo Basin in northern Australia. It’s timely, it’s big, and for shareholders of Falcon Oil and Gas (FO-TSXv), it’s free.  CEO Philip O’Quigley (yes he lives in Ireland) has done a novel-worthy...

The Shale Revolution is strictly a North American game.  Before the Great Commodity Collapse of 2014, it really never found its footing anywhere else in the world. Of all the plays I looked and of the few I covered, only one showed any real promise—the Vaca Muerta oil play in...

By Nathan Weiss and Keith Schaefer Where is all the oil coming from?   Oil inventories continue to surge, but U.S. production has flatlined for weeks—even months. I mean really—look at these simple facts that have been staring the Market in the face for months: Year-to-date (YTD) production in 2015 in the U.S. is...