GLG News by Oil and Gas Consultants (Texas)

Even if the government cancelled, suspended or modified the Renewable Fuel Standard, industry would use a minimum 5.25 billion gallons per year just to meet federal, state and local requirements. Furthermore, given the current sales price of ethanol, there is great economic incentive to continue blending....

There is a serious effort on all parties, governments, producers, or consumers to shift the blame of high oil prices elsewhere. However, I believe that the oil price rise is a combination of both these factors. If we could solve the issues around inventories and money flows an answer...

BP and Russia are playing a high stakes poker game over TNK-BP, which neither can afford to lose.  BP identified years ago that if you want to be a growing oil major then you need to be in 2 locations:  the Middle East and Russia.  The company backed it's judgment with the biggest foreign...

Three weeks ago we witnessed the comedy of politicians in Congress (the Senate Judiciary Committee - who else?) hauling executives from the majors to stand to account.  They duely handed out a very public whipping over high oil prices.  This ritual takes place every time we...

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.

Contrary to media and political spin, America already has an energy policy.  The US Congress apparently likes it.  The US Congress could also improve it.

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...

Small, agileindepedents have demonstrated exploration success along the Eastern Pacific Margin.  Although this region gave birth to much of the moderan oil industry, with oil production established in California and Peru in the late 1800's, the international majors have shown little interest in...

Do we need more (and more diverse) energy sources? Yes.  Should we take care in our endeavors to protect the environment and ecosystems? Yes.  These seemingly antagonistic goals can co-exist.

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.