For the last 45 years, Russia and Saudi Arabia have dominated global oil production. However, U.S. production is roaring back - and rewriting the international balance in the process.
Last week, the U.S. Energy Department announced that the United State surpassed Russia and Saudi Arabia to become the world's largest oil producer for the first time since 1973.
For the last 45 years, Russia and Saudi Arabia have dominated global oil production. However, U.S. production is roaring back - and rewriting the international balance in the process.
Last week, the U.S. Energy Department announced that the United State surpassed Russia and Saudi Arabia to become the world's largest oil producer for the first time since 1973.
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After years of subpar performance, North American Oil Production is back.
According to a report published by the U.S. Energy Information Administration last week, U.S. oil production rose to 10.7 million barrels a day in June.
This is the latest jump in what has turned into a two-year rally for a beleaguered North American oil industry.
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The Delaware Basin in arid western Texas and southern New Mexico used to be a good deal more inviting than it is today.
In fact, around 300 million years ago, when the region was south of the Equator, the area was a lush, tropical reef teeming with Permian life, covered by the warm Delaware Sea, which was part of the ancient Panthalassa Ocean.
Nowadays, the fossilized remains of that reef are exposed in the hot desert air, and the once-aquatic landscape has given way to scrub and the national parklands of Carlsbad Caverns and the Guadalupe Mountains.
The area is also known for its vast, thick deposits of limestone...
... and shale. Virtually endless expanses of oil-rich shale - wellspring of the second American energy revolution.
And one company is in the perfect position to reap the rewards of this ancient treasure...
The two major global crude oil benchmarks - West Texas Intermediate and Brent - both saw solid gains this week.
According to our Dr. Kent Moors, crude oil prices have much further to climb.
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Practically overnight, oil has fallen 8% from a nearly four-year high.
And we don't expect it to recover any time soon.
Without this information, you could be leaving yourself open to catastrophic losses...
Currently, the oil market is cashing in on the many geopolitical "lottery tickets" it has on hand.
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Our Bill Patalon recently sat down with our oil and energy expert, Dr. Kent Moors, to talk about how to be an oil "wildcatter" in your own right - and a record-breaking opportunity he's tracking.
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Oil rose yesterday to its highest since May 2015 - thanks to the unrest in Iran.
Iran's increasing volatility both at home and abroad will continue to affect oil prices.
Here's what to look out for...
Last Thursday, I filled my Oil & Energy Investor readers in on the best energy investing strategy to use in a world wracked by rising tensions on the Korean Peninsula, the Persian Gulf, and of course, Venezuela.
Now, energy is still making people fortunes. That hasn't changed, and it's not likely to in the future, either.
But in an increasingly anxious world, investors will see bigger, more consistent profits when they find a way to bridge two critical sectors: defense and energy.
In fact, in my monthly, paid Energy Advantage and weekly Energy Inner Circle investment research services, I'm adding significantly more "weight" in the stocks that do this very bridging.
Normally, I'd keep these plays close to the vest; after all, it's only fair. We've already enjoyed double-digit gains in these companies, and the upside potential is still enormous.
More importantly, the geopolitical situation is changing so quickly, and the impacts are so profound, that I want to make sure everyone is holding these three stocks at a minimum.
We will talk about energy markets another time. I have something else I need to share with you.
Today, we honor those who have made the supreme sacrifice to allow the rest of us to live the kind of lives we do.
For me, personally, this is a very tough time of the year. And it is all coming back to me this morning.
It's prompted me to think about my time on the front lines of the Cold War and its aftermath, while walking in what these days feel like another guy's shoes.
I was then playing "The Great Game" of geopolitical conflict as a profession; a game with some very high stakes. A game that helped make me who I am.
Thinking about those days brought back the faces of people who helped shape me. I owe them my life. For a few, that debt is a very literal one.
And that, you see, is what makes this time of year so difficult for me. Because this week, May 31, marks a bittersweet anniversary.
It is one of two dates on which I should have died...
The oil sector is buzzing with rumors at the moment, and, as usual, the financial news channels have absolutely no idea how to handle it.
One day, they'll be talking about OPEC abandoning its oil deal and letting oil prices fall.
The next, they'll be all over a drop in stored U.S. oil driving prices up.
You'd be forgiven for not knowing what on Earth is going on and thinking you should just stay out of the energy market altogether.
But nothing could be further from the truth. In fact, now is a great time to get in. You see, there's a reason why oil prices nosedived so fast recently...
And why they're recovering at record speed.
Here's what my contacts are telling me...
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The OPEC production cut is up in the air ahead of the OPEC meeting this week.
The oil cartel will meet Thursday, May 25, in Vienna, and oil prices could rise 7% by mid-June if OPEC renews its oil production cut agreement.
Here's what investors can expect on Thursday, including whether OPEC will extend its cut...
Late in the summer of 2016, I predicted that crude oil prices would be in the mid-$50s by the end of 2016, and the low $60s by the first quarter of 2017.
And at the start of the week of Dec. 12, 2016, West Texas Intermediate sits at just under $54. Frankly, I'm not seeing anything in the market that would force me to revise my forecast right now.
But make no mistake: There is a change underway right now that will only accelerate in 2017. The "rising tide" of crude prices will not "lift all boats" equally. I'm predicting that investors will see some big shifts in the oil markets and where their profits come from.
You see, the source of global oil demand itself is refocusing, and that's where we'll see the biggest changes.
Some players will lose out: The traditional high-dividend "supermajors" - BP, Chevron, ExxonMobil, Royal Dutch Shell, Total SA, Eni, and ConocoPhillips - will see their long-term viability and short-term profitability severely challenged.
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For oil, Alaska just became the next North Dakota of oil discoveries.
A tiny, private company just made a massive discovery near the Arctic Circle.
The discovery is so significant, it could make Alaska the new oil capital of the U.S...
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