EIA: U.S. Crude Production Doubled Since 2010 Because Of Horizontal Wells  

EIA: U.S. Crude Production Doubled Since 2010 Because Of Horizontal Wells  

More than 80 percent of oil and gas well completions in the United States were horizontal or directional in 2021, and although the total number of completed wells has fallen since 2010, U.S. crude oil production has more than doubled thanks…
How Rising Mortgage Rates Are Affecting The Housing Market

How Rising Mortgage Rates Are Affecting The Housing Market

Taking some air out of the crazed market — and the hot economy in general — is precisely what the Federal Reserve wanted to do when it raised its key interest rate in March and signaled more increases to come. Mortgage rates have surged…
U.S. Natural Gas Demand Exceeds Supply As LNG Exports Jump

U.S. To Become World’s Top LNG Exporter This Year

Five years after the United States became a net exporter of natural gas on an annual basis, the country’s natural gas exports both by pipeline and as liquefied natural gas (LNG) have grown by leaps and bounds. The U.S. Energy Information…
Price Of Corn Hits 9-Year High As Surge In Commodities Continue

Price Of Corn Hits 9-Year High As Surge In Commodities Continue

The surging price of corn hit another milestone on Monday morning as the cost of global commodities continues to push higher. The contracts for July corn futures were trading above $8 per bushel on Monday, the highest level since September…
Permian Could See Production Surge As New Permits Reach All-Time High

Permian Could See Production Surge As New Permits Reach All-Time High

Horizontal drilling permits for new wells in the Permian Basin hit an all-time high in March, with 904 total permit awards, driven by elevated oil prices and production demand, Rystad Energy research shows. Weekly approved permits have hovered…
Why Natural Gas Prices Just Notched A 5th Straight Weekly Gain

Why Natural Gas Prices Just Notched A 5th Straight Weekly Gain

Natural gas futures on Thursday posted a gain for the holiday-shortened week, their fifth weekly climb in a row, with prices for the fuel settling at their highest in close to 14 years. The front-month May contract for natural gas NGK22, +4.63% settled…
How To Avoid An IRS Audit

How To Avoid An IRS Audit

Americans who have put off their 2021 taxes have less than a week to file a return or an extension — and fill them out accurately to avoid trouble from the Internal Revenue Service. Audits are a risk that all should heed, but especially the…
Elon Musk Offers To Buy Twitter, Take It Private

Elon Musk Offers To Buy Twitter, Take It Private

Tesla CEO Elon Musk offered to buy Twitter in a deal worth more than $43 billion and take the social media company private. Musk’s best and final offer was to pay $54.20 per share for 100% of Twitter, and said that if his offer was not…
U.S. Natural Gas Prices Just Hit A 13-Year High. Blame Coal, Say Analysts

U.S. Natural Gas Prices Just Hit A 13-Year High. Blame Coal, Say Analysts

Natural-gas futures settled Thursday at their highest price since December 2008, with a rise in coal prices, tight supplies and global worries about energy supplies contributing to a price gain of more than 70% for the fuel so far this year.…
JP Morgan: Commodities Could Surge By Another 40%

JP Morgan: Commodities Could Surge By Another 40% 

Commodities have room to soar by another 40 percent on top of the gains in recent months, as investors could pour more money into raw materials as a hedge against the highest inflation in 40 years, JPMorgan Chase & Co says. “In the…