Bitumen vs Heavy Crude Oil

This post is in response to a seeking alpha article on the conversation of bitumen and heavy crude oil.  See Chris Termeer’s seeking alpha response and related article. The image below is from the book Fundamentals of Investing in Oil and Gas and is copyrighted by Chris Termeer.  All rights reserved.   Many people misunderstand Bitumen because it is found in nature along with being a...
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U.S. Gasoline Prices Posting Unusual Trends

The average price of gasoline in the U.S. gained 11 cents per gallon over the last two weeks. According to the recently released Lundberg Survey, the average gasoline prices today of regular gas, midgrade gas and premium gas are $3.66, $3.84 and $3.98 per gallon, respectively. The price of diesel remained the same, at $3.93 per gallon. Among the cities covered by the survey in the lower 48 U.S....
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Errors and Corrections – Fundamentals of Investing in Oil and Gas

Date: 5/16/2013 (1) Chapter: Table of Contents Nature of error: The Figures and Tables section starts on Page 267, not 265. (2) Chapter: Glossary Page: 298 Nature of error: Definition of unconventional oil and gas incorrect. Should read: Any method of extracting hydrocarbons other than by drilling into subsurface formations which have favorable porosity and permeability. Included in this...
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Crude Surplus Keeps Oil Prices Low

A surplus of crude from new North American sources is keeping the current oil prices low, according to the recent report of the International Energy Agency. According to the agency, crude from Canada and conventional oil from other sources are transforming oil prices worldwide. The effect on the per barrel oil prices of those fresh sources will be as important over the coming five years as the...
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Oil Prices Fall Closer to $95

The current oil price declined to closer to $95 per barrel as investors weighed an increase in the trade data of China against anticipations of another rise in the crude supplies of the United States. On the New York Mercantile Exchange, the U.S. benchmark crude for delivery in June was lower by 17 cents to $95.45 per barrel. The contract shed 54 cents to end at a crude price per barrel of...
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