Recently, the EIA forecasted global consumption of petroleum and liquid fuels will average 99.4 million b/d for all of 2022, an increase of 2.1 million b/d from 2021. They further expected the same increase in 2023. With the consistent rise of global demands, it’s critical to protect your drill pipe investments to achieve your own production …
Hydraulic Fracturing, more commonly known as fracking, is a somewhat controversial and often misunderstood process of accessing natural gasses. Understanding the pros and cons of fracking is important. You must know what it is, how it works, and its potential risks and benefits. What is Fracking? First, you need to understand what fracking is. According to …
Understanding Fracking: A Look at the Process, Benefits, and Cause of Controversy Read More »
The implications of COVID-19 will be far-reaching and we won’t know for some time just how deeply all industries have been impacted by the global health crisis. While many consumers don’t know much about the oil and gas industry beyond what they pay at the pump, those who are watching a may be shocked to …
All eyes have been on the oil industry amid COVID-19 and the pounding the industry has taken as a result of stay at home orders and decreased demand for oil. While rig counts are historically low and thousands who work in the industry are currently furloughed, somehow the oil market has closed out the quarter in good …
The oil and gas market is notoriously volatile, but amid COVID-19 it is more volatile than ever before with oil prices going negative for the first time in history on April 20, 2020. While the price drop has some consumers rushing to fill their gas tanks affordably, oil producers and investors are reeling. Louis Dickson, …
Making History: Oil Prices Go Negative for the First Time Ever Read More »
We are living in unprecedented times and the times have certainly had an impact on oil supply, demand, and production. Airlines have limited flights and are not buying or using jet fuel like they were before COVID-19 changed the way we live. Consumers are not filling up their gas tanks as often as about half …
Oil Storage: Are We Running Out of Space to Store Oil? Read More »
COVID-19, also known as Coronavirus, has impacted people the world over, effectively stopping day-to-day life in many regions of the world. Many industries are being impacted negatively by the spread of the virus, with the oil and gas industries among the hardest hit. In recent days, White House Insiders have stated that the Trump Administration …
Oil Industry Bailout? Industry Leaders Say ‘No Way’ Read More »
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