Santa Fe


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Expert Dan Fine discusses future of oil, natural gas amid low prices and the coronavirus

(Photo: Augusta Liddic/The Daily Times)AZTEC — Two tweets sent by President Donald Trump on the morning of April 2 spurred optimism for an oil industry hit hard by a flood of oil from Saudi Arabia and Russia, driving down the price. (Photo: Twitter screengrab)Fine said Russia, which has been frus ...

Will Fine


Posted 3 days agoLink > NewMexicogeopoliticalGeopolitics +66

Special lecture on the Oil Price War with Dr. Daniel Fine rescheduled for this Thursday 4/2

News Breaking Announcement from Dr. Fine--> My entire lecture is this upcoming THURSDAY APRIL 2 “ENERGY ELECTION 2020" has been moved to a Zoom conference instead from 10AM to 11:15AM ! To get on the ZOOM conference call -> 505 566 3702 and ask for Cecilia! or email cgunnell@4cornersed.com You ...

Will Fine


    US 02 Apr 2020


Posted 8 days agoEvent > durangoFarmington New Mexicocolorado +57

San Juan Basin on verge of collapse

With natural gas prices plummeting alongside oil prices, industry leaders say producers in the San Juan Basin in northwestern New Mexico could soon be forced to shut thousands of wells. That translates into less than $1 per Mcf for producers on New Mexico's side of the basin, given the additional ...

Will Fine


Posted 11 days agoLink > SanJuanBasinNewMexicoAlbuquerque +1

Oil price plunge wallops NM

With Russia and Saudi Arabia now locked in battle over which country can sustain their economies the longest as prices plummet, the Permian Basin in West Texas and southeast New Mexico is caught directly in the crossfire. In fact, in good part, the price war appears directly aimed at slowing prod ...

Will Fine


Posted 24 days agoLink > Governor of New MexicoFarmington New MexicoBusiness news +48

Oil price plunge wallops New Mexico

BY KEVIN ROBINSON-AVILA / Albuquerque JOURNAL STAFF WRITER Published: Monday, March 9th, 2020 at 10:02pm Copyright © 2020 Albuquerque Journal New Mexico's oil boom could soon turn to bust after world prices for crude crashed on Monday. The price for U.S. benchmark West Texas Intermediate b ...

Will Fine


Posted 25 days agoOpinion > RussiaRussian marketOPEC +85

Major slowdown expected in U.S. shale oil production

Last in a five-part series: Behind the BoomThe shale-oil tsunami that has flooded New Mexico with a wave of petro dollars in recent years may be receding somewhat as U.S. production faces its first significant decline since the gushers began nearly eight years ago. Signs of trouble are showing up ...

Will Fine


Posted 3 months agoLink > Mancos ShaleColorado ShaleMarcellus Shale +51

Analysis: Oil market glut will lead to declining prices through 2020 by Dr. Daniel Fine

With the OPEC-Russia meeting ahead, the price of oil is at a crossroad.  President Trump wants lower prices for gasoline at the pump and the Democratic Party wants a shortage to lift prices higher. This is the 2020 presidential election, to re-elect Trump or a create a Democratic left-center White ...

Will Fine


Posted 10 months agoOpinion > Pioneer Natural ResourcesOccidental PetroleumAnadarko Corporation +97

Analysis: Things are flat in the Permian, and there's a push for renewables in Santa Fe by Dr. Daniel Fine

The Permian-Delaware Basin rig count should start falling as oil operators, large and small, are flat for 2019. Spending has been sharply reduced as supply now dominates the A.I. (Artificial Intelligence) used by many commodity traders in oil.    The large or integrated oil companies have all the ...

Will Fine


Posted 1 year agoOpinion > Santa Felatest oil and gas newsNew Mexico +69

Reactions to Delaware Basin News Shows Misunderstanding of Petroleum Economics by Dr. Daniel Fine

News of the size of oil reserves in the Delaware Basin (New Mexico's share of the Permian) while OPEC was deciding how many barrels it will cut from the world market to lift prices caused epic confusion – and revelations of how little “authorities” and the media understand petroleum economics. The ...

Will Fine


Posted 1 year agoOpinion > OPECNon-OPECNOPEC +91

Analysis: Trump and Saudi Collision on Oil, and Bingaman’s Return to Santa Fe

In an earlier column, readers overseas benefited from this writer's forecast that crude oil prices would fall dramatically because most commodity traders got it wrong. Simply, this column's analysis was the buying of oil assumed a shortage would result once the sanctions against Iran would be activ ...

Will Fine


Posted 1 year agoOpinion > Senator BingamanBingamanSanta Fe +71