Idiotic Statement of the Day


"OPEC members will say, 'if you (raise output), we are going to ramp up production and push oil back down to $35' ... I hope shale in America will be responsible and realize what's happened and allow the higher oil price to be sustained." Ivan Glasenberg, CEO of Glencore, as quoted by Reuters.


Read our response here.


PKVerleger LLC calculates the value of sweet crude based on New York Harbor product prices.
An Early Christmas Present for Shale Producers (December 5, 2016) -- Make no mistake about it, our domestic production has just gotten the sort of boost dreams are made of.

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