by Jay Young | Dec 26, 2024 | Blog, Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
General Motors’ recent decision to sell its stake in a nearly finished electric vehicle (EV) battery plant in Lansing, Michigan, could actually be a positive sign for the American oil and gas industry. While it might seem like another step toward the green energy...
by Jay Young | Dec 4, 2024 | Blog, Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
As the U.S. continues to experience a surge in natural gas demand, particularly through liquefied natural gas (LNG) exports, the oil and gas industry is seeing some significant changes. According to recent data from LSEG (formerly Refinitiv), natural gas flowing to...
by Jay Young | Nov 12, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
With the 2024 U.S. elections now behind us and former President Donald Trump securing a second term, the future of the country’s energy policies is beginning to take shape. While campaign promises often emphasize political divides, the reality is that energy...
by Jay Young | Sep 23, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
The U.S. Department of Energy is grappling with financial constraints as it seeks to replenish the Strategic Petroleum Reserve (SPR), following extensive drawdowns in recent years. With crude oil prices now stabilizing around $70 per barrel—below the administration’s...
by Jay Young | Sep 11, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
The shift from fossil fuels to renewable energy sources, often called the energy transition, is proving to be more challenging than many had hoped. Even though there’s a strong global push toward cleaner energy, fossil fuels are still deeply embedded in our...
by Jay Young | Sep 2, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
Chevron recently made headlines by starting oil production from a field with extreme pressure levels — 20,000 pounds per square inch (psi), which is three times higher than what was previously possible. This breakthrough could open up access to up to 5 billion barrels...
