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Inventories are Up, Prices are Down

Alex MillsMarch 2, 2023March 16, 2023
by Alex MillsMarch 2, 2023March 16, 2023
Energy prices have declined significantly since last summer, and it appears that trend will continue in the coming months. Gasoline and diesel retail prices are...
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Texas Oil, Gas: “Extraordinary Increase in Upstream Productivity”

Alex MillsFebruary 23, 2023March 16, 2023
by Alex MillsFebruary 23, 2023March 16, 2023
The oil and natural gas industry in Texas posted gains in employment, industry activity and production during 2022. The Texas Petro Index (TPI), a fully...
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Natural Gas Had an Extremely Good Year

Alex MillsFebruary 16, 2023March 16, 2023
by Alex MillsFebruary 16, 2023March 16, 2023
Natural gas had an extremely good year in 2022. Production in the United States set a record, and international and domestic markets continue to expand...
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Oil, Natural Gas Exports from Russia Declined in 2022

Alex MillsFebruary 9, 2023February 9, 2023
by Alex MillsFebruary 9, 2023February 9, 2023
Russia’s decision to invade Ukraine one year ago has sent economic shock waves throughout Russia, Europe, and across the globe. The United Kingdom and members...
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U.S. Oil, Gas Production Set to Break Records in Spite of Obstacles

Alex MillsFebruary 2, 2023March 16, 2023
by Alex MillsFebruary 2, 2023March 16, 2023
Even though President Joe Biden’s regulatory agencies continue to throw road blocks in the path of American oil and gas producers, the industry continues to...
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Solar and Wind Continue to Grow

Alex MillsJanuary 19, 2023March 16, 2023
by Alex MillsJanuary 19, 2023March 16, 2023
Solar and wind energy have been in a growth pattern for a decade, and many expect solar and wind to capture an increasing share of...
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Texas Oil and Gas Industry Anticipates Continued Growth in 2023

Alex MillsJanuary 5, 2023March 16, 2023
by Alex MillsJanuary 5, 2023March 16, 2023
The oil and gas industry in Texas made a big recovery in 2022, and a majority of the executives surveyed by the Federal Reserve Bank...
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Unusual Events in 2022 Create Issues for Global Economy in 2023

Alex MillsDecember 29, 2022March 16, 2023
by Alex MillsDecember 29, 2022March 16, 2023
A global pandemic, a war in Europe, climate change mandates, government policies restricting oil supply, and record high energy prices have thrown a cloud over...
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Predicting Oil Price Involves Many Uncertain Components

Alex MillsDecember 15, 2022March 16, 2023
by Alex MillsDecember 15, 2022March 16, 2023
Accurately predicting the price of crude oil, gasoline and other petroleum products is like wandering through a dark, strange room trying to find the light...
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Crude Oil Price Drops to Lowest Point in 2022

Alex MillsDecember 8, 2022March 16, 2023
by Alex MillsDecember 8, 2022March 16, 2023
Crude oil prices declined again this week on speculation that future demand will decrease as the global recession gains more strength into 2023. Brent crude...
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