Massive revenue shortfall in new state forecasts
The last time state economists released revenue forecasts, New Mexico had a massive oil boom with no end in sight. Those same economists released dire revenue projections on Wednesday, suggesting New Mexico could take in between $1.7 billion and $2.4 billion less than originally expected during t ...Pandemic rocks Permian Basin as wells, rigs idled and workers laid off
It wasn't long ago that some of the largest oil companies in the world were flocking to Lea and Eddy counties to boost oil production, open regional offices and add high-paying jobs that attracted workers from across the country to cities like Carlsbad and Hobbs. The good ol' days are goneBefore ...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 ...Oil and gas industry faces huge loss
BY KEVIN ROBINSON-AVILA AND DAN BOYD / ALBUQUERQUE JOURNAL STAFF WRITERS Published: Thursday, March 19th, 2020 at 5:04pm Updated: Thursday, March 19th, 2020 at 9:55pm " Copyright © 2020 Albuquerque Journal With oil prices plunging to their lowest level in 22 years, state legislators are proje ...Special lecture on the Oil Price War with Dr. Daniel Fine
You are invited to a special lecture with premiere energy and geopolitical analyst Dr. Daniel Fine ! I will be lecturing on 1) Energy Election 2020: Second Term Trump or Alternative 2) U.S Energy Domination and Trump: Export or Else 3) Gas and Oil under the Alternative: Climate Control and Taxation ...Farmington NM US 30 Mar 2020
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 ...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 ...Analysis: Electric cars and the Permian: Saudi Arabia in Lea County by Dr. Daniel Fine
Some 30,000 children marched in Belgium weeks ago against Climate Change. It is only a matter of two years before a few members of Congress, alone with only cameras today, will march at the head of crowds of 500,000 down Pennsylvania Avenue. It will have its colors; green — and yellow for the Frenc ...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 ...Dr. Daniel Fine: Trump and Oil in Trade Geopolitics
Unlike 1973, and its oil embargo against the United States, there is no supply threat from the Middle East. Consequently, only a demand unknown moves the price of crude oil. Permian/Delaware has displaced the Middle East as a source and even Mexico imports U.S. production. This has caused euphori ...C.E.O.s of BP, Shell and Total to Speak at 39th Oil & Money Conference
Heads of ADNOC, Qatar Petroleum, OPEC and IEA also among top executives debating challenges facing oil and gas industry in London on October 9-11, 2018 LONDON, July 5, 2018 – The New York Times Company and Energy Intelligence today announced the lineup of industry leaders and experts who wil ...09 Oct 2018
Dr. Daniel Fine: Oil – Before and After the November Election
The Trump Administration is moving towards less royalty rates on Federal land leases, less Bureau of Land Management discretion on Environmental Protection Act obstruction on the Application for Petroleum Drilling process, less coal and nuclear power generation decline, and less oil supply confiden ...Fine: No Such Thing As 'Free Trade' With OPEC as a Cartel
Among some speakers at the 2018 Four Corners Oil and Gas Conference last month in Farmington there were evasive positions on the future of OPEC. Also, previous online or media positions of “free trade” were muted to be popular with the oil, gas and equipment operators who made up those in attendanc ...Dr. Daniel Fine: Oil Speculation and Natural Gas/LNG in New England and Russia
American oil production is poised to reach upward to 11 million barrels of oil per day if the price of West Texas Crude reaches $75 a barrel. Saudi Arabia or Saudi Aramco believes it will, and commodity speculators are following. It is similar to 2008 in June when Goldman Sachs forecast $250 per ...Dr. Daniel Fine: OPEC in Houston and Steel Pipes From China
For a week in March, Houston was the site of a world assembly of oil producers engaged in an OPEC-Russia dialogue with American shale or light tight oil producers on supply and — indirectly — price. OPEC and Saudi Arabia pitched a market information offensive. Put simply, American oil producers ...
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