Entries by Ronald Welch

IEA Projects Global Oil Demand to Increase by 1.4 MB/Day for 2019

The International Energy Agency (IEA) announced last week that they expect global oil demand will rise by 1.4 million barrels per day in 2019.  Global oil demand Q4 2018 rose by 1.4 mb/d year-on-year setting up 2019 for continued global rise in demand. Most of the expected rise in 2019 demand will be from the United States, China and India which together […]

Oil and Gas Direct Participation Partnerships Considered Best Investment with Huge Tax Deductions

Investors’ participation in oil and gas partnerships has reached a multi-year high in 2018 primarily due to a sustained rise in prices, but also due to capitalizing on large deductions in the year of the investment. Considered one of the top tax-advantaged investments, oil and gas partnerships not only offer large deductions but also provide the opportunity to […]

Crude Oil Setting Up for Dramatic Upside Breakout

Crude oil setting up for upside breakout of huge multi-year consolidation pattern which dates back to 2003. Similar but smaller patterns occurred in 2011 which resulted in the 2014 downside break and subsequent decline in prices of $79, reaching a low of $25.75 in 2016 and again an even smaller pattern in 2017 which witnessed the 2018 […]

IEA Warns Producers Now Is The Time To Invest

Tuesday, November 13, 2018-The International Energy Agency (IEA) today warned that global oil shortage in the 2020’s decade is a very high probability and now is the time for producers to invest. IEA forecast calls for an increase in daily global demand by 7.5 million barrels per day between 2017 and 2025. IEA stated ” without any future capital investment into […]