Your Weekly Update: February 6-10

Last Week in World Oil: Prices – Oil traders appear to have moved on from the OPEC production cut, despite its reported effectiveness, to focus on a strengthening US dollar, rising US crude output and Asian buyers sourcing crude from…

Got Gas?

A popular view is that the oil and gas industry is directly or indirectly responsible for a multitude of environmental sins – basically powering the Four Horsemen of the Apocalypse – it is probably time to try to put them into perspective…

5 Ways Winter Affects The Oil & Gas Industry

The season of salty roads, white lawns, and windshield ice is upon us. It’s winter, the part of the year where businesses across the board tend to just slug by. A couple years ago, Panera Bread announced a lackluster quarter of growth smack…

How Brexit Affected The Oil & Gas Industry

I remember the shockwaves that the Brexit decision sent throughout the world last summer. It was very reminiscent to the night Donald Trump got elected, and like Mr. Trump’s election, the economic effects of the event were pretty…

The Differences Between American & European Oil

For all the time we spend focusing on American oil, I think it’s time to take a look at our friends across the sea in Europe. After researching, it’s interesting to see how much they differ from us in imports, exports, production, and consumption…

6 Ways Colder Temperatures Affect Your Gas Tank

The days of rolling our windows down for quick drives around the corner are over. The winter has taken over the land, and with it our fuel efficiency. That’s right, there’s a variety of ways colder temperatures negatively affect our gas tank…

The Crazy Way Oil Affects Our Food Prices

The global economy is incredible complicated. Events from one end of the world can affect commodity prices on the other end, political uncertainty can cause stock prices to go down, and a rise in gas prices can cause food prices to rise along…

3 Common Misconceptions About Peak Oil

King Hubbert’s thoughts on peak oil have caused a lot of ripple effects in the perception of the oil and gas industry. The idea that we’ll reach a maximum rate of petroleum extraction has lead to…