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HomeAuthorsClark Savage

Articles by Clark Savage

Saudi Arabia oil exports created by Grok on X
Crude Oil News

Oil Market 2024 in Review: A Year of Surprises and Shifting Demand

December 26, 2024 Clark Savage

Oil prices in 2024 were heavily influenced by Chinese demand and Middle East tensions, while US shale producers consolidated and remained cautious about production growth. Natural gas demand surged due to increased electricity consumption, driven […]

US Drilling in the Permian, created by Grox on X
Big Oil Companies

The American Shale Patch Is All About Depletion Now

December 25, 2024 Clark Savage

ENB Pub Note: Michael and I will cover this on our next podcast. As I have said, there will be no “Drill Baby Drill”, it will be more like: “Drill Baby when fiscally responsible.” Goehring […]

Tesla
Electric Vehicles

Tesla to recall 700,000 vehicles

December 25, 2024 Clark Savage

  Electric vehicle manufacturer Tesla is recalling 700,000 vehicles in the US due to a malfunction in the tire pressure monitoring system, raising the likelihood of accidents, the Associated Press has reported, citing a safety […]

US National Debt
Finance

Who Bought and Holds the Recklessly Ballooning US National Debt, even as the Fed is Unloading its Treasury Securities?

December 24, 2024 Clark Savage

A hot question for an iffy situation. So here are the holders as of Q3. By Wolf Richter for WOLF STREET: The US national debt keeps ballooning at an amazing rate and has now reached $36.16 trillion. These […]

Houses
Finance

Glut of New Completed Single-Family Houses for Sale Spikes to Highest since 2007, Prices Drop to Lowest since 2021 But Are Still Way too High

December 23, 2024 Clark Savage

Lennar shocked the market by saying it’ll address this situation with further price cuts; its average price to drop by 16% from the peak in 2022.

Geopolitical

EU Ready to Discuss Closer Energy Ties with US under Trump

December 22, 2024 Clark Savage

The European Union is prepared to discuss with U.S. President-elect Trump boosting economic ties, including in the energy sector, an EU spokesperson told Reuters on Friday, hours after Trump threatened to impose “tariffs all the way” on […]

Iran
Crude Oil News

Iran plagued by energy crisis partially caused by strikes attributed to Israel

December 22, 2024 Clark Savage

shortages in the country. (Atta Kenare/AFP) An energy crisis in Iran has left its leadership scrambling to find a solution after schools and government institutions across the country were forced to close their doors last […]

Energy Crisis

Qatar threatens not to export LNG to Europe

December 22, 2024 Clark Savage

Qatar has threatened not to export liquefied natural gas to Europe, in response to strict environmental, social and governance reporting standards for large companies operating in EU member states. In statements monitored by the Washington-based […]

Moscow
Geopolitical

Biden’s officials trying to destroy Trump’s push for peace – Moscow

December 22, 2024 Clark Savage

The outgoing US administration’s policies are “risky, even self-destructive,” according to Russian deputy FM Sergey Ryabkov The outgoing administration of US President Joe Biden is doing everything to make sure that President-elect Donald Trump will […]

Azerbaijan
Energy Crisis

Azerbaijan-brokered deal to keep gas flowing to EU via Ukraine fails

December 21, 2024 Clark Savage

  Moscow and Kyiv have failed to agree on a deal brokered by Azerbaijan to continue Russian gas exports to Europe via Ukraine, a senior source at the Azeri energy company SOCAR told Reuters on […]

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