Oil Prices

NYMEX Crude Oil (Light) Futures

Special Favorites

This chart shows EOG versus WTI price. PerfChart ($WTIC,EOG) - StockCharts.com

R-Squared Energy Blog always has good articles on the Energy Sector. This link talks about why oil prices are so high.

A good explanation of the use of derivatives with respect to oil is given here: Energy Information Administration (EIA) - Derivatives and Risk Management in the Petroleum, Natural Gas, and Electricity Industries

Bakken Formation in North Dakota

Bloomberg.com: Special Report

North Dakota Confidential Well List

North Dakota Department of Mineral Resources Geological Survey

Discussions - Bakken Shale Discussion | Google Groups

Bismarck Tribune - North Dakota News - North Dakota may be bigger oil player than Alaska

Daily Best

• Oil, gas stocks slide as futures prices rack up more losses

September 19, 2008

• Oil prices move back up over $100 a barrel
• Ike destroys 49 platforms worth 0.01% Gulf oil output

September 18, 2008

• Oil prices end higher as stock market rallies

September 17, 2008

• Oil Rises as Stocks Sink (Update) - TheStreet.com

September 15, 2008

• Oil futures tumble more than 5%, but natural gas rebounds

September 10, 2008

• Six Months of Changes Since the Last OPEC Meeting

September 7, 2008

• Royalty Trusts: Maintaining Income in a Volatile Market
• Petrobras: Great for Brazil, Not So Great for Shareholders
• Halliburton at a Discount - Despite Continuously Meeting Expectations
• Stronger Dollar Pushes Down Oil and Gold? - Seeking Alpha

Aug 21, 2008

• Where Does Oil Go from Here?

Aug 19, 2008

• Petrobras: Buy and Sit Tight Like Soros
• Just a Commodities Correction - Not the End of the Bull (Part 1) - Seeking Alpha

Aug 18, 2008

• Crude Oil: What Goes Up Must Come Down?
• Transocean: An Opportunity in Falling Oil

Aug 17, 2008

• Painful Surprises and Big Lessons with Precious Metals & Energy - Seeking Alpha
• Time to Pull the Trigger on Four Oil Service Stocks - Seeking Alpha
• Oil: Demand Destruction Overdone? - Seeking Alpha

Aug 13, 2008

• Oil rebounds after US gasoline supplies drop
• ConocoPhillips Wins $10B Sour Gas Contract in U.A.E.
• Oil service shares lead rally on supply dip

Aug 12, 2008

• The Secular Shift in Oil
• How Unusual Is a Bear Market in Oil?
• EIA expects lower oil prices as demand eases
• Oil ends lower for third session on demand deceleration

Aug 11, 2008

• Oil: Does Supply and Demand Still Apply?

Aug 10, 2008

• What's Moving the Oil Market

Aug 6, 2008

• Energy stocks regain lost ground, refiners shine

Aug 5, 2008

• Oil falls as low as $118 on demand concerns
• Energy May Not Be the Top Performing Industry

Aug 1, 2008

• Second Worst Month For Commodities Ever - Seeking Alpha
• Three Stocks That Look Cheap Here - Seeking Alpha
• How Evil is Exxon-Mobil?

July 30, 2008

• Oil prices close over $4 higher as U.S. gasoline supplies decline
• Oil jumps over $4 on surprise drop in gas supplies
• Oil Analysts: 1-for-4

July 24, 2008

• Oil Majors vs. Drillers: The Battle for Profits

July 23, 2008

• Oil drops below $125 for 1st time in over 6 weeks
• A Glut of Petroleum Products
• Peabody Energy: Stellar Results, If Anyone Cares
• Light and Sweet: Oil ETFs Ranked
• Really Getting Into Coal

July 22, 2008

• Oil off more than $3; CFTC cites demand for run-up
• Dolly now a hurricane, but seen missing offshore oil rigs - MarketWatch

July 17, 2008

• More SPR Nonsense
• Clarifying the Ethanol Blending Requirement
• Solving the "Enigma" of Reserve Growth
• Oilwatch Monthly - July 2008
• Eni shuts in 20,000 b/d Nigerian oil output after attack
• US Chevron to start Nigeria's Agbami deepwater field "shortly"
• OPEC production - June 2008
• Valero to Receive Canadian Crude Oil for Its Gulf Coast Refining System - MarketWatch
• Oil markets: Bottoming out or taking a breather?

July 16, 2008

• Crude tumbles further; surprise inventories increase reported - MarketWatch

July 15, 2008

• Oil slumps the most in 17 years on economic concerns
• Oil companies, refiners hurt by refining margins: Financial News - Yahoo! Finance

July 12, 2008

• Avoid the Oil Hype and Consider Trading Natural Gas: Financial News - Yahoo! Finance

July 8, 2008

• Falling Oil Prices Not Necessarily Good for Stocks
• Oil extends slide into 2nd day, losing over $5

July 7, 2008

• U.S. Oil Production Flat Over Past Four Years

July 4, 2008

• Permian Basin Royalty Trust Announces June 2008  Cash Distribution

July 1, 2008

• Oil ends at new record near $141 on supply worries
• Hey, Congress, Speculators May Not Be the Bad Guys
• The Jump in Energy Price Inflation

June 30, 2008

• Countdown to $200 oil: $140 oil and speculation

June 29, 2008

• Giant Saudi field is key to boosting oil output

June 26, 2008

• Oil scores record gains as Fed decision weighs on dollar
• Adjusting to $7.00 per gallon gas in America (Inside the report)
• Pay Attention to Oil Decline Rates - Seeking Alpha
• W&T Offshore: Reaping the Benefits of High Oil Prices - Seeking Alpha

June 25, 2008

• 'Oil shock' stems from fears of future shortfall: consultant - MarketWatch
• Oil price may surge as high as $186 a barrel ... in 2030: EIA - MarketWatch
• We Should Pay More Attention to Nigeria's War
• Energy Inventories
• Updated Corn Ethanol Economics
• The Significance of the Bonga Offshore Oil Platform Attack

June 24, 2008

• Chevron declares force majeure at Nigerian oil facility - MarketWatch
• Lukoil paying $2.1 billion for 49% stake in Sicily refinery - MarketWatch
• Kashagan Illustrates Hurdles of New Oil Production - Seeking Alpha
• Energy Use Per GDP Unit by Country - Seeking Alpha

Here's a hyped up headline. Gas could fall to $2 if Congress acts, analysts say - MarketWatch  See articles below for rebuttal to Congress.

June 23, 2008

Here is a very excellent article about Saudi plans to increase oil production: The devil is in the production details of Saudi Arabia

The Oil Industry for Dummies

June 21, 2008

Articles that argue supply and demand is driving oil prices up:

• Hedge Funds Cut Oil Bets as Prices Rose, CFTC Probed
• Hayward and Butler Comment on Speculation in Oil Markets

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• Play Oil Directly with E&P Majors - Example COP
• Oil Majors' Divergence from Crude at Record - Seeking Alpha

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• Exxon Joins Competitors in Moving Away from Gas Station Ownership - Seeking Alpha
• What Mr. Crude Oil Sees Ahead - Barrons.com
• Oil's Supply and Demand - Seeking Alpha
• Can Offshore Drilling Bring Down Gas Prices? - Seeking Alpha

June 19, 2008

• The Great Oil Deception - Seeking Alpha
• The Great Oil Deception: Part Two - Seeking Alpha
• The Great Oil Deception: Part Three - Seeking Alpha

June 18, 2008

The following article contains an excellent description of crack spreads. Tracking Crack Spreads - Seeking Alpha

Interesting article for investors: Oil Outperforming Oil Stocks - Seeking Alpha

I've been following these drillers: These Three Deep Sea Drillers Look Like a Bargain - Seeking Alpha

I'm going to review this article in more detail: Atlas Pipeline Holdings: Accelerated Growth in the Pipeline - Seeking Alpha

Interesting observations: Oil's Gains Are Due to Fundamentals, Not Speculation - Seeking Alpha

Possible good income assets: Energy MLPs and Royalty Trusts Analysts Love - Seeking Alpha

Interesting analysis on why Saudis wants to raise oil production: OPEC's Move to Devalue the Euro

Here are some excellent discussions on why oil futures speculation is good for the economy:

• Economics of Oil Futures Trading, Part I - Seeking Alpha
• Economics of Oil Futures Trading, Part II - Seeking Alpha

June 14, 2008

Plan Would Lift Saudi Oil Output

June 7, 2008

While this article is a little out-of-date, it is provocative. Whither the Price of Oil?

Massive Oil Deposit Could Increase US reserves by 10x

Here are some editorials on the oil industry:

Oily Politicians

Congress Punishes American Oil

Company Web Sites