by Garrett McInnis | Jun 21, 2017 | Energy and the Economy, Oil
The average oil price in 2016 was $44/barrel, the lowest annual average since 2004. The reason: the world oil market is oversupplied, due largely to the increase in U.S. oil production from shale beginning about 10 years ago. Also, more U.S. oil production puts a...
by meidev | Apr 13, 2017 | Energy and the Economy, Natural Gas, Oil
In yet another expansion of known U.S. energy reserves, the U.S. Geological Survey announced earlier this month the potential of both the Bossier and Haynesville formations amounting to 4 billion barrels of oil and 304 trillion feet of natural gas. Read more...
by meidev | Mar 26, 2017 | Natural Gas, Oil
Australis Oil & Gas has purchased the last of Encana’s acreage in the Tuscaloosa Marine Shale(TMS) for $80 million. The TMS, which stretches into southwest Mississippi, has largely been inactive since the plunge in oil prices over two years ago, but the...
by meidev | Feb 12, 2016 | Oil
Did you know the four highest U.S. unemployment rate spikes from 1950-2010 were immediately preceded by the four highest spikes in oil prices? The graph below suggests that long-term energy policy should be supply focused. More steady supply from the U.S. means lower...
by meidev | Jan 21, 2016 | Oil
Low prices at the pump have consumers rejoicing, but will they end up paying more in the long run with a fledging energy economy? The Clarion Ledger talks with MEI President Patrick Sullivan and Energy Brief 2016 headliner Haley Barbour on the matter. Read more at the...
by meidev | Nov 21, 2015 | Oil
The National Strategic Planning & Analysis Research Center (NSPARC), a research unit at Mississippi State University, released the results of their CO2 -EOR report stating that the process yields economic growth and could lead to greater U.S. energy security. See...
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