by Jay Young | Sep 23, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
The U.S. Department of Energy is grappling with financial constraints as it seeks to replenish the Strategic Petroleum Reserve (SPR), following extensive drawdowns in recent years. With crude oil prices now stabilizing around $70 per barrel—below the administration’s...
by Jay Young | Sep 11, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
The shift from fossil fuels to renewable energy sources, often called the energy transition, is proving to be more challenging than many had hoped. Even though there’s a strong global push toward cleaner energy, fossil fuels are still deeply embedded in our...
by Jay Young | Sep 2, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
Chevron recently made headlines by starting oil production from a field with extreme pressure levels — 20,000 pounds per square inch (psi), which is three times higher than what was previously possible. This breakthrough could open up access to up to 5 billion barrels...
by Jay Young | Aug 26, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil Production, Supply and Demand
In a recent interview with Donald Trump on X, Elon Musk, CEO of Tesla and a well-known advocate for renewable energy, made an important point about the oil and gas industry. While Musk supports the transition to cleaner energy, he also defended the role of oil and...
by Jay Young | May 21, 2024 | Domestic Energy Insights, Global Demand, Oil & Gas, Oil & Gas Investing, Oil Production, Supply and Demand
The energy landscape is undergoing significant transformations. As a seasoned veteran of the oil and gas industry, I’ve had the privilege of witnessing its ebbs and flows. One pressing question I often ask myself is about the nature of our dependence on fossil...
by Jay Young | May 21, 2024 | Domestic Energy Insights, Global Demand, Global Energy Insights, Oil & Gas, Oil & Gas Investing, Oil Production, Supply and Demand
In today’s ever-changing economic landscape, the oil and gas industry finds itself on a rollercoaster ride like never before. Gasoline prices have soared to record heights in 2023, while the price of a barrel of oil inches closer to triple digits. The Dance of...
