As forecasted, the U.S. Natgas price has now fallen below the $2 level and will likely continue even lower. Unfortunately, the ENERGY CLIFF is impacting the Natgas Market the most as the U.S. Henry Hub price is now falling below the total cost of production…
According to the EIA, total World Petroleum Supply reached a record high in September 2023, surpassing the previous peak in November 2018. However, there’s a CATCH. While the total world petroleum liquid supply hit a new high, crude oil production is down considerably…
There’s nothing like a little “MAGIC” to help deceive the public into believing something FAKE is REAL. And, that is precisely what is happening with newly inflated U.S. Crude Oil Production, as evidence of shale oil depletion has finally kicked in…
While Natgas prices were extremely volatile last week, they continue to remain at yearly lows. So, what’s next for the Energy Market heading into 2024? With petroleum demand beginning to weaken in the United States, it could set up for lower prices in the next few quarters…
While the world recently celebrated the United States for hitting a new record high in crude oil production, there seem to be some accounting irregularities at work. How so? Out of the blue, U.S. crude oil production began to surge in July, reaching a stunning 13.3 million barrels per day…
Now that the 2024 Happy New Year celebrations are behind us, let’s look at some good news. Global conventional oil discoveries hit an ALL-TIME Record low in 2023. Even though global exploration spending increased last year, discoveries fell to the lowest level in the past 100 years…