Gasoline prices keep falling, with the national average settling at $2.55 today, down four cents from yesterday. Yesterday, I visited my local gas station and pre-paid my gas guy (he's there every time I pay for gas) $25. My tank would only take $23.50, so I just decided to just tip the gas guy. It's probably the first time he's received tips in the last 16 months. Yes, it took an economic crisis for gas to get this low. It took people exchanging their Hummers for hybrids. It took moms combining shopping errands into one trip instead of going out three times a day. It took daddies deciding to carpool with coworkers. But gas is once again low. But how long will these lifestyle changes last? As long as it's still somewhat taboo to drive a gas-guzzler, or until the next hip gas-guzzler is introduced? Or are these low gas prices brought to you in part by the fact that the election is five days away? That's another blog altogether...
Bernstein Forecast: US Capex to Rise 15% — But Remains Near 20-year Low
2023-01-17 - Global capex will increase to $575 billion, which is well shy of what is needed to meet long-term oil and gas demand, analysts say.
Exxon Signals Strong Q4 Profit to Drive Annual Record
2023-01-05 - Preliminary operational results confirmed that 2022 was Exxon Mobil's best financial year, the company reported, with profits nearing $58 billion.
Saudi Aramco Reports Record $161.1 Billion Profit In 2022
2023-03-13 - Aramco's profits, which are around triple that of Exxon's $56 billion, follow similar reports in February from international peers such as BP, Shell, and Chevron which have mostly posted record profits for last year.
Chevron Says Venezuela Production Up Nearly 80%
2023-01-30 - Chevron Corp. reported a positive uptick in oil production in Venezuela while Permian Basin production grew 8% year-over-year.
Guyana Projects State Oil Revenue to Hit $1.63 Billion This Year
2023-01-17 - Guyana's finance minster called 2022 "a major year of exploration" for the country.