Bob McCarty Writes

A CNN Money article published yesterday included a prediction about gas prices made by John Hofmeister, former president of Shell Oil.  He said that Americans could be paying $5 per gallon of gasoline by 2012.  In response, this designer of “Will Work for Fuel” merchandise says, “Tell me something new.” Since President Barack Obama took [...]

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The Obama Administration has been anything but friendly to the oil and natural gas industry during the past two years; still, if a news release (below) received from the American Petroleum Institute this morning is any indication, people in the “oil patch” see an ever-so-slim sign of optimism in rising demand for their products: WASHINGTON [...]

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The pace of U.S. petroleum delivery declines continued to slow last month, according to the American Petroleum Institute’s Monthly Statistical Report, which noted the 2.1 percent year-to-year slip in overall petroleum deliveries (a measure of demand) was the smallest in a year and a half. While distillate fuel oil (diesel and heating oil), along with [...]

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The Waxman-Markey cap-and-trade bill will hit consumers of petroleum fuels especially hard by dramatically increasing the costs of goods and services as noted in the graphic at right, according to two groups closely following the legislation. In a three-page document (pdf) forwarded to me early this afternoon, American Petroleum Institute officials warn that people who [...]

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Total U.S. petroleum deliveries (a measure of demand) fell 3.6 percent in April from a year ago, reflecting continuing weakness in the economy, according to the American Petroleum Institute’s Monthly Statistical Report released today.  While gasoline deliveries increased slightly in April against a year ago, all other product deliveries fell, led by a sharp drop [...]

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A glance at the chart below, released today by the American Petroleum Institute, proves the nation’s oil and natural gas companies are not immune to the global recession and have, in fact, experienced a sharp decline in first-quarter net profits versus the same period last year. Instead of asking for bailouts, however, leaders of the [...]

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During a two-day fact-finding trip this week, I learned a lot about Williams’ cutting-edge natural gas exploration and production efforts taking place in Western Colorado’s Piceance (pronounced “pee-ahnce”) Basin.  In this post, I’ll try to shed some light on those efforts and help you understand why they’re vitally important to our nation’s energy future in [...]

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