The battle over ethanol as an added fuel ingredient to gasoline and diesel fuels has been around for going on 50 years. And occasionally it flares up when certain measures or mandates come to the fore in our nation’s capital. Because ethanol is produced by corn farmers, the corn lobby (and agriculture in general) is […]
Milton Friedman: Architect of Modern Free Market Economics
Our nation lost the man who was possibly its greatest economist of the last 100 years when Milton Friedman passed away 20 years ago. Some of us are old enough to remember his appearances on television in the 1980s, during the Reagan years, when, with rousing phrases, he championed free market policies and small government. […]
Where is the Money Going?
With the huge uptick in O&G commodities prices since early February, who has benefited most The winners are emerging, certainly, but they are not evenly distributed across the oil patch. The sudden rise in oil and natural gas prices since early February has created a familiar but uneven phenomenon in the energy business: a […]
Strait Talk on WTI Prices
In the first half of April, WTI posted two consecutive sessions of decline, pulling back sharply from the then-recent peak of around $117 per barrel. Notably, in the latest of those two sessions, oil prices briefly plunged to near $91 before rebounding quickly to around $98 on April 8 in the Asian session. Such wide […]
WATER IN ENERGY 2026: A Free-Flowing Forum
It should surprise no one that this year’s UTPB Energy in Water Conference was the most well attended yet. Brian Ward of APATEQ observes, “There is no comparison to the expert discussions, the tremendous networking opportunities, and the hospitality is second-to-none.” Indeed. Robust panels of deeply committed and insightful professionals discussed the entire oil and […]
Guest Editorial: Oil’s New Reality
By Neil Crosby, AVP Oil Analytics at Sparta Commodities [EDITOR: This article was written March 3, five days before the colossal price spike for crude oil that came Sept. 8. But the circumstances just go to show how prescient this analysis was.] The oil market is no longer asking how much crude is being produced. […]
The Over $100 Surprise
As I write these words (2:00 p.m. on Friday, March 27), WTI crude stands at $99.48. And note that we are talking WTI here, not Brent. Brent was at $113. And this in a world where, only a few months ago, forecasters were saying we’d be in the $50s range at this time. What a […]
Garrett Golding: On Energy, Economics, and More in the Permian Basin
MIDLAND, TEXAS—In the first luncheon of 2026 for the Permian Basin Petroleum Association, invited speaker Garrett Golding, Assistant Vice President for Energy Programs at the Federal Reserve Bank of Dallas, addressed the PBPA’s membership on Feb. 19 in the banquet hall of this city’s Petroleum Club. Golding share his insights drawn from his work at […]
How Low Can Crude Oil Go?
The dip we’ve seen this past fall and winter in prices was “prophesied” some months previous. But has it been as bad as advertised—and what should Permian Basin decision-makers watch next? As January 2026 winds down, West Texas Intermediate (WTI)—the benchmark that matters most to Permian Basin operators and service firms—has certainly been soft, but […]
Natgas In Ascendancy
By the time 2026 arrives, the Permian Basin will again be producing more natural gas than any other region in North America. Whether that abundance translates into “bright prospects” depends on where one stands in the value chain—but the consensus among analysts is that natural gas will play a larger strategic role in the Basin’s […]
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