The hottest Oil industry Substack posts right now

The oil and gas industry is going through a significant wave of consolidation, with mega-mergers happening between major companies.
The mergers and acquisitions in the industry are driven by challenges in increasing production, high finance strategies, and the desire to showcase access to reserves to investors.
The consolidation will likely lead to squeezed suppliers, reduced innovation, and a shift of industry power from domestic firms to global entities.

The US relies heavily on Canadian oil, with Canada providing around 61% of its oil imports. This shows that even though the US produces a lot of oil, it still needs oil from other countries like Canada.
American refineries are designed to process heavy oil, which is mostly sourced from Canada. This creates a unique situation where even though the US is an oil producer, it still heavily imports due to refinery needs.
If tariffs on Canadian oil increase, the US might have to look for heavy oil from countries like Venezuela or Russia, which could lead to more complicated geopolitical issues.

A Texan pipefitter's visit to Kuwait led to a significant oil deal.
Reynolds bought Aminoil, benefiting from the oil embargo in the '70s.
After nationalization, RJR received reparations from Aminoil's operations in Kuwait.

Warren Buffett has been acquiring Occidental Petroleum shares and the company is focused on returning shareholder capital.
Occidental Petroleum is committed to limiting production growth and allocating capital towards shareholder return.
Crude oil prices are expected to be volatile, and Occidental Petroleum has a high dividend yield compared to other E&P competitors.

Africa's wealth gap is severe, with the richest individuals holding more wealth than millions of people.
Shell is exiting its onshore operations in Nigeria after a long history and facing pressure to address past environmental issues.
Isabel dos Santos, once the richest woman in Africa, is facing numerous legal charges and financial struggles.

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John D. Rockefeller's philanthropy had a significant positive impact, despite his negative portrayal by the media.
Rockefeller's principles included using money for good, running a tight ship, and prioritizing education and continuous learning.
Revisionism is important to understand historical figures accurately, as seen with Rockefeller's misunderstood legacy.

Crude oil is essential in various industries, with half being used for transportation fuels and the other half in products with significant environmental impacts.
Our daily lives are deeply intertwined with crude oil, from clothing to medications, raising questions about its effects on our health.
Health issues can arise from exposure to petrochemical products, such as skin irritation and respiratory problems, emphasizing the need to understand its impact.

Predicting oil prices is very hard, and even experts often get it wrong. This shows that forecasting in the commodity market doesn't always lead to clear answers.
When oil prices change, some people and companies benefit while others lose. It takes time to see the full effects of these changes on the economy.
Investors usually panic during big price shifts, leading to poor decisions. It's better to think strategically rather than react emotionally to price drops in oil.