In the global energy landscape, the narrative of a swift “transition” away from fossil fuels to renewables has dominated headlines. However, a closer examination of demand trends, investment patterns, and infrastructure realities reveals a different story: we are in an era of energy addition. Renewables like wind and solar are expanding rapidly, but oil, natural […]
Continue ReadingIn a market grappling with tumbling crude prices and an oversupply of oil, major oil companies are aligning with OPEC\’s strategy by ramping up production. This week’s earnings reports from industry heavyweights like ExxonMobil, Chevron, Shell, BP, and TotalEnergies are expected to confirm these expansion plans, signaling a push forward despite short-term headwinds. As Brent […]
Continue ReadingDaily Standup Top Stories Why Advertisers Are Returning to Big Oil Despite Net-Zero Pledges September 27, 2025 Clark Savage ENB Pub Note: This is an excellent article from Irina Slav on Oilprice.com. While the title says advertisers are returning to big oil, I would add investors to the list. I have written several articles […] Chinese Lithium […]
Continue ReadingIn the sweltering heat of the Caribbean, tensions between the United States and Venezuela have simmered for years, fueled by oil riches, political animosity, and the shadowy world of drug trafficking. But recent events—a U.S. military strike on a suspected drug boat off Venezuela\’s coast that killed 11 people on September 1—have pushed the rhetoric […]
Continue ReadingDaily Standup Top Stories California in Talks to Pay Hundreds of Millions to Valero to Stave Off Refinery Shutdown September 10, 2025 Clark Savage In a dramatic turnaround amid California’s escalating energy crunch, state legislators are reportedly negotiating to hand over hundreds of millions of dollars to Valero Energy Corp. to prevent the shutdown of its […]
Continue ReadingIn the ever-evolving landscape of global energy, one trend stands out: the sharp decline in exploration capital expenditures (capex) by oil majors since the peak years around 2013. This pullback raises critical questions about future oil production capacity, especially as natural decline rates in existing fields demand massive investments to maintain supply. With demand from […]
Continue ReadingDaily Standup Top Stories Why did Saudi Arabia raise prices to the Asia market while increasing OPEC+ production quotas? May 7, 2025 Clark Savage Earlier this week, I published an article titled “What does the OPEC+ increase of 411,000 mean to the United States?” I was asked about Saudi Arabia’s increase in the Asia market and how […]
Continue ReadingBefore oil prices started plunging last month, most banks and research firms had forecast US shale production would grow this year and next before plateauing later in the decade. Diamondback Energy trimmed its own full-year production forecast Monday, and said that it expects onshore oil rigs across the entire US industry to drop by almost 10% […]
Continue ReadingDaily Standup Top Stories Trump’s Plan To End The Green Spending Grift Once And For All March 4, 2025 Mariel Alumit Trump’s executive order only paused IRA funds, but repealing the endangerment finding could permanently end ‘Green New Deal’ spending. President Donald Trump campaigned on ending what he calls the “Green New Scam.” Toward that end, […] […]
Continue ReadingWeekly Daily Standup Top Stories Biden’s EV Mandate Is Backfiring As Consumers Rebel Against Electric Cars October 26, 2024 Mariel Alumit Biden’s strong-arm tactics to force Americans to buy EVs have only stiffened consumer resolve not to purchase them. A strong case can be made that the worst thing that ever happened to the electric vehicle […] […]
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