1. Investors have scooped up call options tied to crude prices hitting milestone for first time since gush of U.S. oil in 2014.  https://www.wsj.com/articles/options-traders-bet-on-return-of-100-oil-11623061227


  2. https://www.bloomberg.com/news/videos/2019-05-10/the-real-deal-with-iran-global-oil-inventories-video Inventories up year over year and rising.   Facts don't matter. OPEC has commodity traders well trained  Trade the market you have


  3. Hi,  I know it's not a perfect method but in your opinion how many years would it take for wells to be considered orphan wells?...


  4. Breaking News: Oxy completes $55 billion deal for Anadarko  Aug 08, 2019   Occidental Petroleum announced this morning the completion of its $55 billion acquisition of Anadarko...
      


  5. Reports form ScienceDaily.com indicated discovery of massive leaks of banned chemicals CFC, (Eastern China, May 2019), and Carbon Tetrachloride (South America, October 2018). Such...


  6. According to the Houston Chronicle: https://www.houstonchronicle.com/business/energy/article/Texas-taxpayers-could-face-117B-cost-to-clean-up-15611824.php a recent study shows that the surety bonds for P@A will cover less than one percent of the required P@A,...


  7. The oil price did not go up as expected in light of the abrupt production cuts announced by the OPEC+ recently and the EIA,...
      


  8. Venezuela is surfing more and more dangerous waters these recent days after recently announced economic measures by President Maduro which has already prompted more...


  9. From Wikipedia: The American Civil War (1861-1865) was followed by a boom in railroad construction. 33,000 miles (53,000 km) of new track were laid...
      


  10. Since supply is greater than demand even if all the money paid to the production factors during the production process is in circulation on...


  11.  But good for pork and soybean prices. Looks like U.S. hand is being forced into a partial trade deal.  I have to laugh, while  Chinese...


  12. Patterns in Fracking Support Fracking support is basically arbitrary, right? Well, it seems there are established patterns that can help us predict some level of fracking...


  13. PDVSA is asking to buy 4.2 million barrels of crude from US and Russia. They can't even unload what's sitting in their ports now....


  14. Investors holding part of a $2.5-billion bond issued by PDVSA are meeting in front of a interest payment that is due this Friday. They...


  15. I'm shocked.  Shocked I tell you !   And Maduro shockingly calls the investigation "politically motivated". Complicating this is the apparent involvement of Muh Russia ! ! ...
      


  16. Univsion is reporting a mass exodus of employees from state-run PDVSA, as rising inflation has basically made their public worker salary almost owrthless. PDVSA...


  17. Venezuela’s state-run PDVSA has started mixing its extra heavy oil with domestic Santa Barbara light crude due to a shortage of imported diluents following...


  18. Venezuela's Maduro moves an office of state oil company to Moscow - VP stay tuned!!


  19. But will the 7 companies actually get paid?  How on earth can any company trust to do business these days with PDVSA?  I'm not...
      


  20. PDVSA has been on the brink for a while, but new reports show not only a mass exodus of workers who intend to resign...


  21. I wondered who would be the first to capitalize on the debacle that is PDVSA/Venezuela. I hadn't figured it would be Canada.  Canadian miner Crystallex...
      


  22. In the battle between Socialism and Capitalism, Socialism's inevitable defaults on debts will likely not be allowed to stand uncontested. Venezuela’s Key Refineries At Risk...
      


  23. Israel and UAE Eye Pipeline Linking Red and Med Seas     (Bloomberg) -- Israel and the United Arab Emirates have opened talks over an oil pipeline...
      


  24. In last couple of years thanks to shale there is no longer a discussion about peak oil but yesterday Art Berman on Twitter show...


  25. Hi guys, I write this post to get your opinion on whether you think peak oil will come from the demand side or the production...


  26. As M. King Hubbert (1956) shows, peak oil is about discovering less oil, and eventually producing less oil due to lack of discovery.   Oil discoveries...


  27. All, I understand many of you have a much better handle on the current trends in the land shale industry than me.  I am...
      


  28. Much of the cheap oil has been produced, and the oil industry is increasingly relying on costly reserves. While the world is awash in...
      


  29. Timing is interesting, ahead of Canada's federal election in October.  I believe Trudeau and the far left will not remain in power.  And I...