light sweet crude

Perverse outcomes: Lifting U.S. oil export ban would mean greater dependence on foreign oil

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There is a case regarding market efficiency for overturning America’s oil export ban, but this is NOT the one the industry is using in its public relations campaign. That’s because increased efficiency in the world oil market would actually make the country’s oil supply more vulnerable to events abroad.

Did crude oil production actually peak in 2005?

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Haven’t we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years? The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct.