The Fuse

Oil and the Economy

Economics

Oil Majors Take Major Hits in Q4, But Worst May Be Over

Oil majors are now cash flow neutral with oil prices trading around $50 per barrel, a milestone achieved after relentless cuts to spending and payrolls over the past couple of years. Read More

Economics

U.S. Rig Count Soars, Helps Temper OPEC Cuts

While U.S. crude production hasn’t fully recovered, it has increased by more than 300,000 b/d since September to average just under 9 million barrels per day. As a result, the OPEC-fueled boom in prices has stalled for the time being. Read More

Economics

Trump Seeks Windfall for Oil Industry With Border Tax, But Passage Uncertain

Under the border-adjustment tax, U.S. oil would be exempted from taxes if it is exported abroad, making it much more competitive. The tax, however, will have difficulty passing in Congress since it would also likely raise pump prices. Read More

Economics

Refiners Adjust Well to Shale Boom, But Good Times May Not Last

Exports of refined products and a rebound in gasoline demand have been crucial elements of refiner success as of late. Read More

Economics

UPDATE: House Bill Seeks to Establish OPEC Commission to Assess Impact of the Cartel’s Policies

The OPEC commission would examine whether the cartel’s behavior is designed to disadvantage U.S. oil producers and secure market power through anti-competitive behavior. Read More

Economics

Shale and Deepwater to Lead Oil Industry Spending

After two years of seeing spending contract, the oil industry is poised to boost capex in 2017, but some warn that may not be enough to keep a shortfall from occurring in the future. Read More

Economics

Trump Seeks Windfall for Oil Industry With Border Tax, But Passage Uncertain

Under the border-adjustment tax, U.S. oil would be exempted from taxes if it is exported abroad, making it much more competitive. The tax, however, will have difficulty passing in Congress since it would also likely raise pump prices. Read More

Economics

Refiners Adjust Well to Shale Boom, But Good Times May Not Last

Exports of refined products and a rebound in gasoline demand have been crucial elements of refiner success as of late. Read More

Economics

UPDATE: House Bill Seeks to Establish OPEC Commission to Assess Impact of the Cartel’s Policies

The OPEC commission would examine whether the cartel’s behavior is designed to disadvantage U.S. oil producers and secure market power through anti-competitive behavior. Read More

Economics

Shale and Deepwater to Lead Oil Industry Spending

After two years of seeing spending contract, the oil industry is poised to boost capex in 2017, but some warn that may not be enough to keep a shortfall from occurring in the future. Read More

Economics

EIA Forecast Prompts More Confusion than Clarity

Critics of the EIA's long-term projections can cherry-pick through the different scenarios to justify almost any outlook that suits their bias. Read More

Oil and the Economy

Buck McKeon on U.S. Energy and National Security Interests

Howard “Buck” McKeon is a two-term Chairman of the House Armed Services Committee and current Chairman of the McKeon Group. He served as representative for California’s 25th District from 1993 to 2015. Earlier this month, he spoke to The Fuse about U.S. energy and national security, and the interplay between the two. Read More