Oil majors continue to ratchet up activity in U.S. shale, even as other producers cut back.
Production gains cannot mask the problems facing the shale industry, but the offshore sector is seeing an increase in activity.
The outlook for oil prices in 2019 is highly uncertain, but the effects of low prices are starting to wear down the U.S. shale industry. Recent data from the Dallas Federal Reserve suggests a slowdown from the U.S. shale industry is already underway.
Despite the abnormally low level of gas sitting in storage, natural gas prices have barely moved. Shale gas drillers continue to add supply, which will likely allow the U.S. to avoid a supply crunch this coming winter.
With an eye on his legacy, President Obama is trying to ink a few energy and environmental victories before he leaves the White House. The Dakota Access pipeline, the BLM's fracking rule, and monument designations are key areas of focus for the outgoing administration.
It's common knowledge that oil-rich Gulf states are home to citizens who support terror groups, but a 2014 email between Hillary Clinton and John Podesta hints that the Saudi and Kuwaiti Governments have played a more direct role in recent years.
Both Trump and Clinton make misstatements on energy, but Clinton points to role Middle East producers play in managing oil prices.
With the country enjoying a period of energy abundance and low prices at the pump, voters aren’t as concerned about what’s happening in the global oil market. That showed in the first presidential debate between Hillary Clinton and Donald Trump.
Why has U.S. shale production proven to be so resilient to low oil prices? There are three main reasons, and they all come down to costs.
Picking Ken Salazar and John Podesta for high-level positions provides little clarity regarding energy and the environment policy since both advisers have different philosophies and it’s unclear which side would win out under a Clinton administration.