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$100 oil isn't as painful as it used to be

$100 OIL ISN'T AS PAINFUL AS IT USED TO BE

Andrew Burton/Getty In the past, high oil prices weighed on the US economy but the shale revolution has made the US one of the largest...

The US Shale boom isn't close to being over

THE US SHALE BOOM ISN'T CLOSE TO BEING OVER

Andrew Burton/Getty The number of units the US will produce in one month would break a record. But there are still shale issues, even...

 
 
 
One of the smallest oil producers in the Middle East just announced its biggest discovery in decades

ONE OF THE SMALLEST OIL PRODUCERS IN THE MIDDLE EAST JUST ANNOUNCED ITS BIGGEST DISCOVERY IN DECADES

The island nation of Bahrain announced Wednesday that it discovered a shale reserve with at least 80 billion barrels of crude oil. Like...

How U.S. Shale Will Continue To Impact Oil Markets In Coming Years

HOW U.S. SHALE WILL CONTINUE TO IMPACT OIL MARKETS IN COMING YEARS

From Robert Rapier : Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day. Production dipped...

 
 
 
Why Another Oil Price Spike Might Be On The Way

WHY ANOTHER OIL PRICE SPIKE MIGHT BE ON THE WAY

From Nick Cunningham : Oil prices closed out last week sharply down, wiping out all the gains posted since the start of the year. Surging...

US shale to surge after OPEC extension

US SHALE TO SURGE AFTER OPEC EXTENSION

Just as expected: OPEC and the group of non-OPEC countries led by Russia extended their production cuts for an additional nine months...

 
 
 
Brent is back above $60 - and everyone's wondering if it can hold on to those gains

BRENT IS BACK ABOVE $60 - AND EVERYONE'S WONDERING IF IT CAN HOLD ON TO THOSE GAINS

Andrew Burton/Getty Images Brent is back at $60 for the first time in more than two years, but the big question is: Can crude hold...

U.S. Shale Oil Production Much Lower Than Anticipated

U.S. SHALE OIL PRODUCTION MUCH LOWER THAN ANTICIPATED

From Nick Cunningham : The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that...

 
 
 
Texas shale gets slammed by Harvey

TEXAS SHALE GETS SLAMMED BY HARVEY

REUTERS/Rick Wilking Crude oil prices are taking a serious hit from Hurricane Harvey, slammed on multiple fronts at a time when benchmark...

Pa. Senate approves higher taxes to balance the state budget

PA. SENATE APPROVES HIGHER TAXES TO BALANCE THE STATE BUDGET

A budget plan that includes some tax increases, including a tax on Marcellus Shale gas drilling and new or higher taxes on Pennsylvania...

 
 
 
South Korea to buy American gas, invest billions in US economy

SOUTH KOREA TO BUY AMERICAN GAS, INVEST BILLIONS IN US ECONOMY

South Korean companies have announced major investments in the United States and plan to import more American shale gas. The countries'...

South Korea to buy American gas, build new factories in US

SOUTH KOREA TO BUY AMERICAN GAS, BUILD NEW FACTORIES IN US

SEOUL, South Korea - South Korean companies announced Thursday plans to import more American shale gas and build new factories in the...

 
 
 
US companies will be forced to 'hit the breaks' if oil drops below $40

US COMPANIES WILL BE FORCED TO 'HIT THE BREAKS' IF OIL DROPS BELOW $40

Andrew Burton/Getty Many U.S. shale drillers have said that they have full-proofed their operations for $40 oil, having lowered breakeven...

How U.S. Shale Is Changing The Global Natural Gas Market

HOW U.S. SHALE IS CHANGING THE GLOBAL NATURAL GAS MARKET

From Nick Cunningham : The global market for LNG is changing quickly, spurred on by new sources of supply from U.S. shale. U.S. natural...

 
 
 
US shale producers are killing any hopes of a recovery in the offshore oil drilling business

US SHALE PRODUCERS ARE KILLING ANY HOPES OF A RECOVERY IN THE OFFSHORE OIL DRILLING BUSINESS

The rise in oil prices from their lows in early 2016 to near $50 now should have caused a boom in drilling activity. But that's not...

Saudi Arabia wants oil prices at $60 to discourage shale production - sources

SAUDI ARABIA WANTS OIL PRICES AT $60 TO DISCOURAGE SHALE PRODUCTION - SOURCES

Riyadh expects crude prices to rise to $60 per barrel this year, according to unnamed sources from the Organization of the Petroleum...

 
 
 
Shale oil producers biggest winners of OPEC output deal - report

SHALE OIL PRODUCERS BIGGEST WINNERS OF OPEC OUTPUT DEAL - REPORT

The non-OPEC shale market will see increased investment of about $15 billion in 2017 as a result of the Organization of the Petroleum...

Geologic Abstract Painting, "Lavender Shale" © Carol Nelson Fine Art

GEOLOGIC ABSTRACT PAINTING, "LAVENDER SHALE" © CAROL NELSON FINE ART

Mounted on a black panel, this painting has a contemporary look. 11.5"x4"Mixed Media on Panel /SOLD Commissions WElcome.

 
 
 
Oil recovers on falling US shale output & possible OPEC cut

OIL RECOVERS ON FALLING US SHALE OUTPUT & POSSIBLE OPEC CUT

Reports of weak US shale production and revived enthusiasm OPEC may agree an output cut has seen oil prices rise by almost two percent...