Articles by tag: Matador Economics
Recent data from the US Energy Information Administration (EIA) reveals that the US has maintained its position as the world’s leading crude oil producer for the past six years, achieving production levels unprecedented in global history. This milestone comes amid shifting geopolitical dynamics and evolving energy policies, raising significant questions about America’s role in…
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Navigating the Complex World of Energy and Economics
The latest episode of Gasonomics, hosted by Tim Snyder, Chief Economist with Matador Economics, focuses on the intricate dance between global alliances, energy markets, and the potential threats to the US Dollar’s dominance. As President Biden attends the G-20 Summit, the episode delves into the dynamics of the BRICS alliance, now expanded to BRIICS…
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In the Oil and Gas Industry, Prices Continue to Soar. What Does That Mean for the Future of the Energy Sector and What Do We Do Next??
The global energy landscape, especially the oil and gas industry, has been undergoing a seismic shift. With crude oil prices surging almost 20% in the last 45 days and gasoline witnessing a 2.2 cent per gallon increase, the stakes have never been higher. As the U.S. economy grapples with these fluctuations, a pertinent question…
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The Problem with Climate Change: The Other Side of the Story
As the world grapples with the escalating crisis of climate change, the narrative is often dominated by the urgent call to transition from fossil fuels to renewable energy sources. However, there’s another side to the story that is often overlooked. According to the U.S. Energy Information Administration, as of 2020, fossil fuels still accounted…
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New U.S. Oil Auctions Say “Nothing” About Short-Term Drilling. U.S. Energy Policy is Still Shy on New Oil Leasing.
U.S. oil auctions are back…sort of. In a significant move since the passage of President Joe Biden’s landmark climate change law, the U.S. held its first sale of oil and gas drilling rights on federal lands in late May, attracting over $78 million in high bids. This auction of 19 parcels in New Mexico,…
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What Happened to Silicon Valley Bank?
By now, everyone’s heard the Silicon Valley Bank collapse story. Its repercussions are, at present, still sending shockwaves across the banking system, leaving the experts, pundits, the Fed, and everyone wondering if another pillar will drop or can the system hold together. While the collapse of Silicon Valley Bank (SVB) seemingly happened overnight, were…
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Keystone Pipeline Leak Consequences Spill Over into Gas Prices, National Economies
U.S. gas prices declined during December, but this relief at the pump could soon revert due to a significant oil spill from the Keystone pipeline leak. An estimated 14,000 barrels of crude oil spilled into a Kansas creek, forcing the pipeline’s closure on December 7, 2022. Adding to the concerns over a prolonged shutdown are…