One thing is clear, the actions of OPEC and friends to cut back output this year could be good news for U.S. shale frackers as crude prices rise, trade tensions ease and world demand for crude holds up—but it could be disappointing for President Trump.
Thanks to OPEC and Russia’s agreement to restrict supply, and rising world demand for crude, the Brent oil price has climbed past $82 a barrel, a big increase on the $56 prevailing at the same time last year and a four-year high. Also, the collapse in oil prices in 2014 […]
TransCanada is a major North American energy-transportation and energy-generation company. Headquartered in Calgary Alberta, it has an American subsidiary in Houston, Texas, and a subsidiary in Santiago de Querétaro, Mexico. Figure 1 TransCanada is the continent’s fourth-largest pipeline operator, after Kinder Morgan, Energy Transfer and DCP Midstream. Founded to develop […]
Nicholas Newman November 2017 Virtually all of the fossil fuels, including the coal, crude oil and natural gas we use today, was created millions of years ago before, during and even after the days of the dinosaurs. Since then, such materials have played an important part in mankind’s evolution… Virtually […]
Nicholas Newman eniday October 2017 A major shift of power is underway in the world’s oil and gas markets… Until 2008, oil and gas producers were “market makers.” This meant they could fix prices and decide their output’s final destination. Also, until recently, oil and gas companies restricted gas wholesalers from […]