Even though the U.S. has been negatively impacted by the decline of its domestic shale oil production, China is now much more dependent on oil imports than the United States. Over the past twenty years, while U.S. net oil imports have fallen to nearly zero, China’s have surged to a…
With the increased lockdowns of many cities in the United States, the U.S. Oil Refining Industry situation goes from bad to worse. Normally during the end of November and into the December holiday season, demand for petroleum products increase. However, over the past two months, U.S. refinery crude oil inputs…
The oil price’s price action today traded as we forecasted in our Gold Member Metals & Market Update yesterday. While forecasts don’t happen exactly all the time, the oil price fell right in line with the “Technical Analysis Script”… to a TEE. Actually, it was quite amazing to see it…
It’s Official. The collapse of U.S. shale oil production has begun. The mighty Shale Oil BOOM has now finally turned into a BUST. While the pandemic shutdowns sped up the process, the collapse of the U.S. shale industry was going to occur, regardless. According to the U.S. Energy Information…
There’s one simple chart that destroys the entire “GREEN” Energy Myth. However, most people have no idea about this chart’s implications because they don’t look at the data. With a Democratic Presidency taking over the Whitehouse next year, the U.S. will likely start to seriously ramp up Renewable…
The peak of the U.S. Oil Refining Industry has finally arrived. After more than a century of expanding U.S. refining capacity, we are now witnessing a contraction that will turn into a steady disintegration over the next several decades. More than a half-dozen U.S. refineries have announced closures…