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Chinese Refiner Halts US Oil Purchases, May Use Iran Oil Instead

Chinese Refiner Halts US Oil Purchases, May Use Iran Oil Instead With the US and China contemplating their next moves in what is now officially a trade war, a parallel narrative is developing in the world of energy where Asian oil refiners are racing to secure crude supplies in anticipation of an escalating trade war […]

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Ready for more punishment: Investors load up on oil share offerings

Ready for more punishment: Investors load up on oil share offerings The $9.2 billion investors paid to snap up new equity offerings from U.S. oil companies in 2016 proves those investors are indeed ready for more punishment. The amount is in line with the pace of such equity offerings in 2015 even as the mood in the […]

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Stunning Drone Footage Of The Midwest Flooding Wreaking Havoc On US Oil

Stunning Drone Footage Of The Midwest Flooding Wreaking Havoc On US Oil After the first deadly winter storm this season, now come the floods: the near-record water level across the U.S. Midwest has disrupted everything from oil to agriculture, forcing pipelines, terminals and grain elevators to close. This is the worst flood in the region since […]

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The Dismal Thing Schlumberger CEO Just Said about US Oil

The Dismal Thing Schlumberger CEO Just Said about US Oil 2016 to be brutal. Then, dreams of “potential spike in oil prices” An engineer in the oil industry, who’d sold his house in Houston and bailed out after finding work in another state, just told me this: A young civil engineer that I am working […]

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Managers bunk down at U.S. refineries as strike enters third week

Managers bunk down at U.S. refineries as strike enters third week (Reuters) – U.S. oil refinery managers are going to the mats, literally, during the biggest fight with union workers in 35 years, bedding down for a third strike week that experts and some employees say raises concerns over safety and operations. At the 135,000 […]

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More on Bakken Production, Choke Theory – Peak Oil BarrelPeak Oil Barrel

More on Bakken Production, Choke Theory – Peak Oil BarrelPeak Oil Barrel. The US Petroleum Supply Monthly just came out with production data for every state and territory. US supply was up 168,000 bpd to 8,864,000 bpd in September. The biggest gainers were North Dakota, up 53,000 bpd to 1,185,000 bpd and Alaska up 79,000 to 477,000 bpd. […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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