Sign up | Login with →

Posts by Robert Rapier Subscribe

Mexico's Energy Reforms: Is the Country Now Open for Business? [PODCAST]

Via ShutterstockOur recent conversation, sponsored by Shell, about Mexican energy reform featured experts across the spectrum, Justin Miller of Nexant, Adriaan Kamp, and Thomas Tunstall.In August 2014, Mexico enacted a series of comprehensive energy...

Posted August 28, 2015    

Why the $20 Oil Predictions are Wrong

Deja VuAs the price of West Texas Intermediate (WTI) retests the $40 per barrel (bbl) mark, some pundits are again calling for WTI to fall to $15 or $20/bbl. The same thing happened earlier in the year when crude prices tested $40. Lots of people...

Posted August 21, 2015    

The Link Between Oil Reserves and Oil Prices

Last December the Energy Information Administration (EIA) released its latest estimate of U.S. Crude Oil and Natural Gas Proved Reserves. Although natural gas reserves rose, the real story was crude oil reserves. The EIA reported that U.S....

Posted August 6, 2015    

Is the U.S. Really the World's Top Oil Producer?

According to the recently-released BP (NYSE: BP) Statistical Review of World Energy 2014, the U.S. was the world’s largest and most diverse energy producer in 2014. The Statistical Review ranked the U.S.:#1 in oil production#1 in natural gas...

Posted July 22, 2015    

Remember When We Were Running Out of Crude Oil Storage?

Given the amount of air time the crude oil storage situation received back in March and April, this might be a good time to revisit that situation. If you recall, there was a great amount of hand-wringing regarding the crude oil storage picture in...

Posted July 3, 2015    

Cellulosic Ethanol is Going Backwards

In last month’s article Where are the Unicorns?, I discussed the fact that the commercial cellulosic ethanol plants that were announced with great fanfare over the past couple of years are obviously running at a small fraction of their nameplate...

Posted June 23, 2015    

OPEC Crashed the U.S. Rig Count

The OPEC Free FallThere is a popular narrative going around that I want to address in today’s article. Last November, after several months of plummeting crude oil prices, the Organization of the Petroleum Exporting Countries (OPEC) met to discuss...

Posted June 11, 2015    

Where are the Unicorns?

Congress Mandates Cellulosic Ethanol and The EPA Tracks ItThe U.S. Environmental Protection Agency (EPA) is tasked with tracking compliance under the Renewable Fuel Standard (RFS2) that was set in the Energy Independence and Security Act of 2007 (...

Posted May 21, 2015    

Is Audi's Carbon-Neutral Diesel a Game-Changer?

IntroductionOccasionally I am deluged with inquiries about a particular news story. That happened this week. As the inquiries mounted, I decided I better address the story. After I saw one more gushing, uncritical report on CNN, I knew a reality...

Posted May 5, 2015    

Highlights of the 2015 Annual Energy Outlook

Recently the U.S. Energy Information Administration (EIA) released its Annual Energy Outlook 2015 (AEO2015). The report presents updated projections for U.S. energy markets through 2040 based on six cases, defined as follows:Reference — Real gross...

Posted April 27, 2015    

Crude Prices Surge as the Pieces Fall Into Place

I have been pretty adamant — some may say stubbornly so — about my expectations for crude prices this year. I have argued against the notion that oil prices were going to fall to $20 or $30/bbl for several reasons. In a nutshell, those reasons are:...

Posted April 20, 2015    

Why Crude Inventories Surged Last Week

While U.S. crude oil inventories have been surging since last fall, I have argued that these inventories should peak off soon. There are several reasons for this, but the primary reason is that March is historically the month that refinery...

Posted April 13, 2015