Energy - The New American

Oil and Gas Prices Dropping in Anticipation of Trump Presidency

The coming renaissance in energy will likely exceed most observers' expectations, as Donald Trump is picking persons for his administration who will allow...

Bob Adelmann November 14, 2016

Crude Drops 10 Percent; Price Decline Just Beginning

Bob Adelmann November 2, 2016

At noon on Wednesday crude oil futures touched $45 a barrel on news that inventories soared last week by the most in 34...

OPEC Fails to Agree as U.S. Energy Industry Ramps Up

Bob Adelmann October 31, 2016

OPEC is in a game it initiated and that it can't win and can't quit. In the process, OPEC is becoming increasingly irrelevant...

Saudi Arabia to Sell $10 Billion in Bonds to Shore Up Its Finances

Bob Adelmann October 19, 2016

Hoist by their own petard? (A petard is a small bomb used to blow up fortifications, an especially apt expression at this moment.)...

America’s First Offshore Wind Farm Blows Up Controversy

Michael Tennant October 13, 2016

The United States’ first offshore wind farm is going to cost about $17,600 per home it will power and do little to reduce...

Saudi Energy Minister: Crude Oil at $60 Not “Unthinkable”

Bob Adelmann October 11, 2016

Saudi Arabia’s Energy Minister Khalid al-Falih said Monday that OPEC will likely agree on production cuts and that crude oil prices could hit...

Reality Sets In: OPEC Ready to Cut Production to Raise Oil Prices

Bob Adelmann September 30, 2016

Wednesday’s announcement from OPEC about an agreement to cut production to shore up crude oil prices was met with both delight and scorn...

New North American Oil Discoveries Continue to Frustrate OPEC

Bob Adelmann September 7, 2016

A new oil find by the Apache Corporation is exacerbating the failure of OPEC's strategy to flood the market in order to drive...

Oil Now in a Bull Market?

Bob Adelmann August 19, 2016

A "head fake" in oil has driven the price of crude above $50 a barrel. ...

Oil Price Rise Only Temporary; Could Drop Back to Low $20s

Bob Adelmann August 10, 2016

Despite historically high demand for oil, inventories have never been higher, and experts say oil prices are likely to drop back into the...

Production Freeze Main Topic at OPEC Late September Meeting

Bob Adelmann August 8, 2016

OPEC’s current president, Qatar’s energy minister Mohammed bin Saleh Al Sada, announced Monday that the oil cartel will hold “informal” side meetings at...