GLG News by Gasoline Experts

Big Oil (TOT, BP, RDS, XOM, COP, CVX) control very little of the world's oil and gas reserves. National Oil and Gas Companies (NOC) control over 85% of the oil and gas in the ground.  These are Saudi Aramco, NNPC, NIOC, Pemex, PDVSA, Petronas, LNOC, Sonotrach, etc. Big Oil does not have technology...

The disagreement of the Russian shareholders Vekselberg, Fridman and Blavatnik with BP over the management and board structure of TNK-BP has reached its boiling point.  The Russian partners demanded the resignation of Robert Dudley CEO of TNK-BP(executive of BP) and equal board representation....

There are two issues that I believe are melded into one in this article. The first is do we have enough refining capacity in the USA and the second is do we have alternative oil sources in the USA that could displace crude oil purchases from abroad.

The revolutionary green house bill, being proposed by Rep. Edward J. Markey (D-Mass) is just based on CO2 GHG (Green House Gas) global warming theories.  A new basic investigation of all GHG has to be conducted before any shortsighted and agenda driven legislation is being considered by any sane...

Crude Prices are up approximately 30% this year. Product prices, especially diesel fuel have soared as well. Prices could decline  for many reasons: A stronger dollar forcing some speculators out of a short dollar long commodity position, significant declines in demand (or declines in...

The Oil & Gas Journal article is of great interest.  I followed the recent Senate Judiciary Committee hearing on C-Span.  Due to election politics by the democratic members, some of their questions and comments were very testy and quite hostile.  Mr. John D. Hofmeister of Shell Oil...

After a 20 years moratorium on nuclear power Italy has taken the bull at the horn and plans to shed all the dependency on unreliable Russian natural gas (NG) and Middle East crude.  Holland, Belgium, Sweden and Germany as well as Great Britain are following the economical path for carbon restriction...

Airlines are faced with a dilemma-- to hedge or not to hedge and if so how. Even Southwest Airlines, who runs the most agressive hedging program is at risk to increases in price as they note there is limited opportunity for heddging jet fuel.

AF has decided to be strategically independent of foreign crude for jet fuel. The solution is synfuels to jet fuels via FT (Fischer Tropsch) from coal. 

Independent refinery and marketing companies like Tesoro and Valero try to stem the margin squeeze, caused by increased crude and utility prices, to produce more profitable diesel instead of gasoline.