November 23, 2017

The World’s First Clean Oil Sands Project: An Interview With Dr. Gerald Bailey

MCW Energy Group's CEO Dr. Bailey tells Oilprice.com that his hunt for an innovative technology that simultaneously makes money and cleans up the environment is over. Read More »

Saudis Could Face an Open Revolt at Next OPEC Meeting

As the first anniversary of the Saudi decision, to let the oil market determine oil prices approaches, it would be reasonable for OPEC outsiders to interpret Saudi policy shift as designed to serve its interests and those of its Gulf Arab allies rather than their interests and those of OPEC in general. The damage the Saudi decision has inflicted on itself provides reasons for the Saudis to change course. Read More »

Saudi Oil Strategy: Brilliant or Suicide?

Saudi Arabia, Russia, Iran and other major oil producers are engaged in the oil equivalent of mutually assured destruction. The sharp drop in oil revenue damages each of these countries economically and financially, while the wars they wage directly and indirectly against each other drain resources from vital domestic projects. Read More »

Global Oil Supply More Fragile Than You Think

With spare capacity shot and major new sources of oil not coming online in a few years, the world may end up struggling to meet rising oil demand. That could cause oil prices to spike. Read More »

Top 6 Myths Driving Oil Prices Down

The oil industry has finally come to realize that the “Trillion Dollar Swindle” in oil is very real and normal supply and demand dynamics no longer apply. The law of diminishing returns in more supply is real thanks to media hype. Read More »

The Energy-security Nexus in Southeast Europe

Connecting the energy islands in south-east Europe will help build a region that can act as a strategic partner for the EU in the broader energy-security nexus. Read More »

Former Exxon President on Mission to Clean Up Oil Sands

The 32 billion barrels buried in Utah's oil sands are suddenly attracting a lot more attention because of their vast potential. The much-maligned oil sands may have a viable future in a world increasingly concerned about the environment. Read More »

Saudis Expand Price War Downstream

Saudi Arabia can wait out the competition. Just as they have kept their crude oil production levels intact, it is possible that the Saudis will maintain their current refining output in spite of falling refining margins and eventually end up winning the price war against Asian producers. Read More »

More Job Losses Coming to U.S. Shale

With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran's crude oil supply would further contribute to the already rising global supply glut, forcing oil companies to reduce costs. Some of the major oilfield companies like Schlumberger, Halliburton and Weatherford have already announced close to 20,000 layoffs as of February 2015. Read More »

The Multi-Trillion Dollar Oil Market Swindle

Putting numbers behind it, with worldwide production running some 95 million barrels per day, and assuming $55 per barrel for oil, the market for crude oil is about $5.2 billion per day. Each $10/Barrel change is worth nearly $1 billion/day or $365 Billion/year for the worldwide crude oil market. Add the worldwide equity market caps of oil and oil related equities and debt you have a scandal that is in the trillions. Read More »