GLG News by Oil and Gas Industry Experts (Gulf of Mexico)

Sarah J. Wachter in Seoul, South Korea reported in the June 30 issue of the International Herald Tribune that the government is becoming concerned about crude oil supplies. Over 97% of purchases are on the open market. High fuel prices recently caused thousands of truck drivers to strike. Korea’s economy...

I am no defender of the President on energy policy. Let's get that said upfront. But, I am also not a defender of Bill Clinton, Bush 1, Regan, Carter and I think you get the drift. I am even less of a defender of virtually every Congress going back as far as Truman. But, enough is enough already! Energy...

Speculators do not make markets or create fundamentals that underpin markets. Speculators take risks to take advantage of markets or opportunities created by any form of imbalance in prices. It would be a mistake to think that wringing the speculators out of markets will restore much pricing stability...

Pipeline Editor Christopher E. Smith reported in the June 23 issue of the Oil & Gas Journal that the tanker market during the half year ending March rose 14.1%. Clarkson Research Services Ltd gave the reasons behind these movements and forecast the future direction of the market. Included are Very...

Justin Dargin of Harvard University reported in the June 23 issue of the Oil & Gas Journal that Iranian residents in the north of the country experienced difficulty in the freezing temperatures when Turkmenistan stopped delivery of natural gas. Forty million people were affected. Pipeline problems...

Restrictions on exports of key commodities are part of a "Perfect Storm" scenario that is a more critical part of the upward commodities price spiral than many nations and experts give credence to. Exporting countries are going to have increasing difficulties in maintaining levels of exports resulting...

With all of the discussions taking place today concerning energy and alternatives, it is the height of policy disconnect to freeze projects of this nature. Just when it is more important than ever for Congress to act intelligently on critical matters related to energy, they show just how misguided they...

The International Herald Tribune, reported in the issue of June 28-29 that Alexei Miller, head of Gazprom, said that the company’s ties to the Russian government, allowed huge growth potential. The company is in a better position to compete government links Growing competition means companies...

Jeffrey Jones (Reuters) in Calgary, Alberta reported in the June 26 issue of the International Herald Tribune that producers of Athabasca oil sands find themselves in conflict with environmentalists. Investments of billions of dollars to produce the oil has the side effect of much greater carbon dioxide...

Judy Dempsey in Berlin reported in the June 25 issue of the International Herald Tribune that Europeans face both high natural gas and crude oil prices. Governments want to diversify energy sources but they avoid a discussion of the oil/gas price linkage. European Union (EU) consumers cannot avoid high...