Tag Archives: oil price

U.S. Weekly Oil Output Hits All-Time High

Government data indicates American output hit an all-time high last week, signaling the resilience of North American drilling as oil prices begin another recovery. The U.S. produced 9.62 million barrels of oil per day through November 3rd, the Energy Information Administration (EIA) said today, overtaking the previous high that occurred back in June 2015. The agency’s Petroleum […]

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Registration Scholarships Available for Displaced Energy Professionals

Have you or any of your friends or colleagues been affected by the oil price collapse and resulting layoffs? If so, keeping current on issues and technology and maintaining and building a professional network are more important than ever. A limited number of scholarships for ACE 2016 registration are now available to displaced geoscientists and […]

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Why Reality Dictates A Price War

William Edwards posted 1-4-16 I would like to welcome you to the real world of the commercial oil business. Be careful, though, before you accept my invitation as it might result in a change in your thinking. First, let us recognize that there are two oil worlds: the political one and the physical one. Both […]

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Don’t Be Surprised If Oil Prices Hit $20

Is $20 oil Possible? This question has been asked, and answered, in previous Oilpro posts. Yes, $20 oil is possible. Will it happen? I don’t know. But it is worthwhile to understand why a $20 price is not out of reason. Further, it might be instructive to understand why recent oil price commentators are suggesting […]

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Opinion – Obama: Iranian Oil, Good. Canadian Oil, Bad. American Oil, Bad.

President Obama’s confusing approach to energy encourages our enemies who shout “death to America,” while penalizing our closest allies and even our own job creators. Iran’s participation in the nuclear negotiations that have slogged on for months, have now, ultimately, netted a deal that will allow Iran to export its oil—which is the only reason […]

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