On Tuesday, Oil Ministers from the OPEC countries gathered in Vienna to decide on production levels. It turned out one of the more remarkable meetings that OPEC has held in recent years.
Last spring, when U.S. gasoline stockpiles were falling like a brick, there was much concern about shortages during the summer driving season. The average price for gasoline in the U.S. rose to $3.22 per gallon and in some parts of the country over $4. Our aged refineries were huffing and […]
How ironic that what could turn out to be the seminal OPEC meeting of all time should be scheduled for September 11. Depending on the outcome, the oil age might continue merrily along for another few years or might undergo radical change before the year is out. Let’s review the […]
OK, let’s get right down to it. At what point does lengthy aging in used barrels turn tequila into something that, while perhaps still an excellent product, no longer is tequila?
While waiting for the formal release of the of National Petroleum Council’s report on the prospects for world oil and gas production, it seems like a good time to review the general peak oil situation prior to what many believe may be difficult times later this year.
I was perusing a heavily-advertised superstore in upstate New York the other day, a wine and spirits emporium near fabled Saratoga Springs — a great business location when the historic thoroughbred horse racing season runs in August through Labor Day and lots of money comes to town.
I was spending a few relaxed hours with a group of people in an old cantina in dusty downtown Tequila, Mexico, discussing the explosion in the town’s namesake liquor among U.S. consumers and the merits of its various styles.
The U.S.’s gasoline stockpile situation is quiescent at the minute as we wait to see how much foreign gasoline our oil companies can find to import this summer and whether the Atlantic will start spinning hurricanes toward our shores as forecast.
As we move into June, we are still confronted with a pair of energy crises that have the potential to upset our way of life. At the global level, worldwide oil production has been stagnant for the last two years. This is true for all the various kinds of liquid […]
There has been much discussion about gasoline inventories in the US lately and rightly so. Every Wednesday morning the Department of Energy releases a snapshot of US oil and product inventories at the end of the preceding week. As US gasoline inventories fell dramatically during the past few months, it […]