Silver as an investment

Category Archives: Energy Information Administration

Lies And Distractions Surrounding The Diminishing Petrodollar

Shale Production Will Hit An All Time High Next Month… And That’s Just The Beginning

While the June oil production data is still pending, it is safe to say that the June oil output from US shale producers – estimated today by the EIA at 5.348mb/d – will post the first double-digit production growth since July of 2015, when oil prices tumbled and a substantial portion of US production was […]

New US Shale Play Emerges As Rig Count Rises For 21st Week In A Row

Crude production from the Lower 48 dropped marginally last week, despite rising rig counts…   And in the last week oil rig counts rose once again (21st week in a row) up 8 to 741 – highest since April 2015 – notably given the lagged response to prices, we might expect the rig count rises […]

Why The Crude Rally Has Fizzled – Part 3 (Of 3)

Authored by James Bambino via Platts blog, This is the third and final segment of a three-part look at why oil prices have failed to rally despite OPEC’s best efforts at managing supply cuts. Not only have prices failed to rally, both NYMEX WTI and ICE Brent have fallen around 9% over the past three […]

Trump To Sign ‘Energy Independence’ Order Tomorrow Rolling Back Obama Climate Change Initiatives

Coming off a brutal Trumpcare defeat, delivered by members of his own party no less, Trump has decided to return to a strategy of progressing his policy initiatives through executive order.  As such, tomorrow President Trump is set to sign a sweeping new order aimed at promoting domestic oil, coal and natural gas by reversing […]