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Increase in US rig count will not cap oil prices

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The impact of rising oil prices on North American light tight oil (LTO) production is said to be a “Catch 22”, the title of Joseph Heller’s popular 1961 novel set in WWII. Too many analysts continue to believe drilling and service has the same problem with rising oil prices. by David Yager for Oilprice.com.

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Perspective: Government Leadership Needed for Electric Vehicles to Succeed

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The opinions expressed in this article do not necessarily reflect those of these organizations.]. In energy, a momentary signal on the price of oil doesn’t necessarily create the genesis for a 40-year investment. Whether or not cities, or anyone else for that matter, can afford to buy electric vehicles is a real concern.

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Soon an Electric Vehicle Will Cost Less Than An IC Engine Vehicle !!!

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In this article, we will be discussing the factors contributing to the price reduction of electric vehicles as mentioned in the study conducted by BloombergNEF along with a few general aspects on the topic. A dedicated production line will increase the rate of production hugely by saving a lot of energy and time.

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Are The Saudis About To Reveal The Best Kept Secret In Oil?

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But while it produces at similar levels as Russia and the US, it is long been a vastly more influential player in the oil world. That is because of two reasons—the size of its reserves, and the ability to use latent spare capacity to quickly adjust supply, affording it an outsized influence on crude oil prices.

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Opinion: Political Climate Shifting Against The Oil And Gas Industry

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Oil and gas companies have had a tough time over the past year trying to weather the storm of falling oil prices. But the political and financial winds are moving in the wrong direction for the industry, raising more “above ground” problems at a time that they can ill-afford it. Article Source: [link].

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