I logged 9,814 air miles. Took four different flights. Spent a total of 54 hours traveling. All to meet with a man they call “Mr. GO Deep…” “Mr. GO Deep” is the go to guy in offshore oil development. Oil companies pay him HUGE consulting fees in hopes to identify the ...read more

Over the next year or two, you will likely find yourself paying a LOT more at the gas pump. Big changes are taking place in the oil industry. With increased global demand and declining supply, easy oil is not so easy anymore. Everything is about to get more expensive. From gasoline ...read more

On the first business day of the new year and oil traded above $80 a barrel, which means the price has re-entered the danger zone where it can crush industrial economies. This is a central element of the predicament we find ourselves in. The US economy is essentially a Happy ...read more

Against a greater welter and flow of incoherence jerking the nation this way and that way en route to collapse comes "ClimateGate," the latest excuse for screaming knuckleheads to defend what has already been lost. It is also yet another distraction from the emergency agenda that the United States faces ...read more

So there I was the other day, walking through the waiting area of a local hospital. I looked over at a glowing television set. I saw a silver flying saucer. The caption at the bottom of the screen stated, helpfully, "Flying Saucer Over Colorado." We're Not Alone… Thank GOD! I thought to ...read more

Eighty-five million barrels a day. That’s the most that can be produced. So when recession causes a temporary decrease in world consumption, it can seem like those 85 million barrels are enough. But consumption is bound to resume its upward climb, while those 85 million barrels a day are all we ...read more

Marcio Mello, the former explorationist from Petrobras (PBR: NYSE) and now independent petroleum consultant, electrified the Denver meeting of the Association for the Study of Peak Oil & Gas (ASPO). In a riveting talk that lasted well over an hour, Marcio detailed the immense petroleum potential of offshore Brazil, as well ...read more

It's not only the energy markets that threaten the 'low inflation' data now encouraging bondholders to keep buying... The published inflation data are surprisingly unsophisticated in so far as they compare current prices with a snapshot a year earlier. Just over a year ago, oil was every hedge fund manager's favorite speculation. ...read more

Each year, generally in May, the Energy Information Administration publishes a less-than-eagerly-anticipated tome called the International Energy Outlook, 250+ pages of mind-numbing text, charts, graphs, and tables. No one reads it. The mainstream media ignore it. It’s the product of the best prognosticators in the Department of Energy. Okay, that may be ...read more

Always follow the oil market closely, because it will impact the fundamentals of many businesses -- including those we are selling short. Drivers in the U.S. no longer determine the global price of oil. So oil prices can remain high despite a weak labor market -- as we saw in the ...read more