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We Can’t Predict the Future of Oil and Gas Prices


In 2003, The Mirage, one of the premiere casino hotels in Vegas, lost an estimated $100 million and 10,000 visitors a week when a hand-raised tiger bit and grievously injured Roy Horn, half of Siegfried & Roy. That bite — which no executive or show producer ever expected — ended the run of one of […]

Why Oil Is Being Hurt by US, and Why Oil Goes Back Up in 2015


Trying to peg the bottom in oil is quite simply a guessing game. Still, with the gyrations and price swings, some investors have to wonder if the worst has been seen. After all, oil has fallen nearly 50% from the peak this summer. On top of many of the frequently covered issues around oil demand, […]

Industry Backed Bill Could Force Mineral Owners to Sell


  As lawmakers return to town this week for their final interim session of 2014, they’ll learn more about a practice in the natural gas industry companies want them to approve through legislation: forced pooling. Kevin Ellis, president of the West Virginia Oil and Natural Gas Association, explained to lawmakers during a November meeting, when […]

The Shocking Data Proving Shale Oil Is Massively Over-hyped


Hooray, Crude Oil is suddenly much cheaper than it used to be. That’s great news, right? Not so fast. For certain it’s not good news for those counting on a continued rise in US oil production from the “shale miracle”. Many drillers were challenged to operate profitably when oil was above $70 per barrel. Very […]

The Aftermath Of The Great 2014 Oil Crash “A Textbook Macroeconomic Shock”

The Aftermath Of The Great 2014 Oil Crash “A Textbook Macroeconomic Shock” thumbnail

Not a day passes without pundits on either side of the debate, eager to make their case that the acute, nearly 50% plunge in the price of crude, swear up and down their preferred economic ideology of choice that said plunge is [bullish|bearish] for the economy. The reality is that the true impact of the […]

The Oil Market Actually Works, And That Hurts

The Oil Market Actually Works, And That Hurts thumbnail

Please allow me to revert back again a little to what I wrote earlier today in Will Oil Kill The Zombies? I think we need to be clear on what’s going on here. The oil market actually works. And that’s a rarity in today’s world of manipulated everything, of no mark to market, of huge […]

North Dakota oil production hits a lull


North Dakota’s steep climb in oil production growth is hitting a lull as oil drillers retrench amid plummeting crude oil prices. State officials said Friday that oil production in October declined by about 4,000 barrels per day to 1.18 million daily barrels compared with September, the first decline in eight months. Drilling for new wells […]

Considerable pain to come for US Energy stocks

Considerable pain to come for US Energy stocks thumbnail

Houston, we have a serious problem… With only 20% of US Shale regions remaining economic at these oil price levels, it should not be surprising that the credit risk of the US Energy sector is exploding to near 1000bps… and contagiously infecting the broad HY market… Credit risk in the energy sector is starting to […]

How I Learned To Stop Worrying And Love The Collapse Of The Oil Market


Summary Diversify for safety and control risk. Energy provides positive diversification benefits. Take what the market gives you. The downturn in oil prices has led to much discussion about investment implications, particularly within the Energy sector. As I write, 70% of Seeking Alpha’s Top Articles are focused on the Energy sector. Possibilities discussed range from […]

Could Falling Oil Prices Spark A Financial Crisis?


The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. Not only has financing come from company shareholders and traditional banks, but hundreds of billions of dollars have also come from junk-bond investors looking for high returns. Junk-bond debt in energy has reached $210 billion, which […]

Shale Liquidations Begin? Sub-$50 Oil Appears In North Dakota


When ISIS dared to steal and sell oil at below market rates, they were dire pirates that needed to be destroyed (and anyone who dared to buy it was pariah). So when, as Bloomberg reports, crude sold at the wellhead in the Bakken shale region in North Dakota fell to $49.69 a barrel on Nov. […]

Why crude oil will average $80 a barrel in 2015


British banker and politician Nathan Rothschild once said: “Buy when there’s blood running in the streets.” And blood is certainly spilling in the streets of the oil and gas industry. The North Sea benchmark, Brent crude, closed at $70 a barrel on Friday, declining by 40% since June. Today it’s trading at around $71. Energy […]

Oil, gold crash spell end of commodity ‘supercycle’


We are likely witnessing the painful, undignified death of the commodity investment “supercycle.” Oil prices cracked below $70 per barrel after OPEC declined to cut production. Gold sank toward $1150 an ounce after a Swiss vote to compel more central bank gold buying failed and gold holdings in the SPDR Gold ETF (GLD) shrank to […]

How the US shale gas industry has changed the global economy

How the US shale gas industry has changed the global economy thumbnail

The year 2014 will be remembered for an unprecedented juxtaposition of events. Two oil-producing countries in the Middle East were in a state of crisis. Relations between the West and Russia slumped to a new Cold War low. And oil prices have slumped, to $66 a barrel for Brent Crude this morning, half its recent […]

The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela

The First Oil-Exporting Casualty Of The Crude Carnage: Venezuela thumbnail

In the aftermath of OPEC’s failure to cut oil production, Russia has been acting surprisingly sanguine, perhaps as a result of less leverage in its system as compared to America’s own high yield-funded shale complex – now that it is a race to who will default first and be forced to take production offline – […]

OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says

OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says thumbnail

OPEC policy on crude production will ensure a crash in the U.S. shale industry, a Russian oil tycoon said. The Organization of Petroleum Exporting Countries kept output targets unchanged at a meeting in Vienna today even after this year’s slump in the oil price caused by surging supply from U.S shale fields. American producers risk […]

Bottom for oil in 2015 is $35


Oil could plummet to $35 a barrel next year if OPEC doesn’t reach an agreement by the spring, oil price tracker Tom Kloza said Wednesday. The founder of Oil Price Information Services told CNBC’s “Squawk Box” that he expects at least a “lip service agreement” from OPEC members Thursday, when they meet to discuss output, […]

19 US Shale Areas That Are Suddenly Endangered, “The Shale Revolution Doesn’t Work At $80″

19 US Shale Areas That Are Suddenly Endangered, “The Shale Revolution Doesn’t Work At $80″ thumbnail

Despite the constant blather that lower oil prices are “unequivocally good” for America, we suspect companies working and people living these 19 Shale regions will have a different perspective…   Drilling for oil in 19 shale regions loses money at $75 a barrel, according to calculations by Bloomberg New Energy Finance. Those areas pumped about […]

Texas oil boom starts taking hits from cheap gas


Falling oil prices are causing some drilling companies to cut back on operations in Texas. Baker Hughes Inc. recently reported shutting down four of its rigs in the Permian Basin of Texas and New Mexico.  Oil rig counts have also dropped in North Dakota’s Bakken shale formation. From this year’s peak, oil prices have dropped […]

Chevron, Exxon snubbed by Raymond James


It just might be time to be more aggressive about buying the right energy stocks. Analysts at Raymond James did just that on Monday, cutting their ratings on “Big Oil” Exxon Mobil Corp. XOM, -1.13%  and Chevron Corp. CVX, -0.83% viewed as defensive names, and upgrading the shares of Hess Corp. HES, -0.63%  and Occidental […]

Natural Gas Boom Is Drowning Out Coal Industry’s Battle Cries

Natural Gas Boom Is Drowning Out Coal Industry’s Battle Cries thumbnail

While a lot of the political fodder during the 2014 election season focused on the “war on coal,” a bigger and even stronger show of force is transforming the nation’s economic landscape, especially in “war torn” Appalachia: natural gas. The natural resource has emerged from the back burner of U.S. energy development and onto the […]

Getting in on the Water Rush

Getting in on the Water Rush thumbnail

Scramble for groundwater lures driller back into business Among critics of our society’s reliance on petrochemicals, there’s long been talk that we are nearing “peak oil” — the beginning of the end of oil reserves. Then came the fracking bonanza, and — bam! — U.S. oil supplies gained a new lease on life. The peak oil buzz died […]

The End of Oil… and Other Things


Unlike other goods, the price formation of oil will be determined not only by supply and demand, but also in part by geopolitical considerations, and, more importantly, active price management. The news of oil having reached a 5-year low last week is nothing but bullish for U.S. consumers and corporations. Even though the black gold […]

A cleaner way to get petroleum out of oil sands


The secret to business is buy low and sell high. Canadian holding company MCW Energy Group hopes to do that by economically separating the petroleum from oil sands and then selling it at market rates of double to triple the processing costs. The company uses a patented closed-loop technology that treats the sands with a […]

A rivalry of giants born in first U.S. oil boom

A rivalry of giants born in first U.S. oil boom thumbnail

In the early days of the original U.S. oil boom, after Spindletop sent a gusher of black gold raining down over an area near Beaumont, the industry struggled against some basic challenges. How do you rein in an out-of-control well spurting crude into the sky? How do you crush through seemingly impenetrable rock to tap […]

Shale Oil vs. Arctic Drilling


Last month, the suits over at Shell (NYSE: RDS-A) put on their sad faces and went to the White House to ask for more time to burn through another billion or two. I tell ya, these guys are gluttons for punishment. After eight years and more than $6 billion, Shell has come up completely empty […]

The biggest oil dividend of all

The biggest oil dividend of all thumbnail

©Bloomberg Not much is heard these days of “peak oil”. This is the argument, widely advanced less than 10 years ago, that the world had already passed the peak of sustainable oil production and that new discoveries – which would increasingly be small and incremental – could at best only slow the rate of decline. […]

IEA sees new era, no quick rebound in oil prices


The oil market has entered a new era with lower Chinese economic growth and booming U.S. shale output, making a return soon to high prices unlikely, the West’s energy watchdog said on Friday. The International Energy Agency, which typically refrains from predicting oil prices, said in its monthly report that prices could fall further in […]

Will The Saudis Drive US Shale Out Of Business


There has always been a close link between U.S. oil production, international prices and OPEC, so it should come as no surprise that North America’s shale drillers find themselves locked in a battle with Saudi Arabia over prices and market share. Until the 1950s, the United States accounted for more than half of all global […]

$80 Oil Is the New Normal Minimum


Bob and Barb Moriarty brought 321gold.com to the Internet over 10 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with […]

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