Recently, I gave a presentation on the future of energy to an audience of about 250 oil and gas professionals. Halfway through, I asked the carbon crowd to, “Raise your hand if you have driven an electric vehicle.” It took me less than five seconds to squint and visually sift out the elevated hands. Five adventuresome people, or about 2% of the audience acknowledged that they had taken a ride on a lithium horse. […]
US crude oil inventories rose by 4.1 MMB; The US oil rig count fell by 7 last week; Gas prices rallied late last week.
For an energy veteran like me, North America’s oil industry reminds me of “That’s Life,” the classic Frank Sinatra tune. After every oil price crash I can imagine Ol’ Blue Eyes crooning, “Each time I find myself flat on my face / I pick myself up and get back in the race.” And so it […]
October production data showed a surprising gain; US oil inventories fell by 7 MMB/d last week; Propane has gained relative to Edmonton Light.
