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Energy Insights
Energy market intelligence for serious investors — oil & gas tax strategy, macroeconomics, due diligence and more.
Latest Energy Investment Articles
It's Not a Cave
Most people picture an oil reserve as an underground lake — it's actually porous rock. How reservoirs really work, why a Pennsylvania well has produced since 1861, and why the decline curve's long tail is what pays the bills.
Read MoreSituation Report: It Got Worse, Broke the Wrong Record
Diesel refining margins just cleared the Ukraine-shock record at roughly $98 a barrel, distillate stocks slipped further below the five-year average, the SPR fell to 293 million barrels, and the rig count dropped again. High prices are no longer fixing supply.
Read MoreFollow the Smart Money
Berkshire Hathaway has built roughly $58 billion of energy exposure, and a money manager just bid about $8 billion for Devon's Pennsylvania shale assets. When paper money starts reaching for the physical barrels, it's worth asking what they see.
Read MoreCrude at Street Level
You don't burn crude — you burn what refineries make out of it. Natural gas storage looks healthy, but distillate stocks are 12% below the five-year average and falling, with US refineries already running at 96.5% of capacity.
Read MoreWar Destroying Supply, How About Demand?
Global oil demand is set to contract by roughly 1 million barrels per day in 2026, led by China. But supply is falling 3.7 million — and that gap is what puts a floor under the price.
Read MorePer Your Request: Inventories
The Strategic Petroleum Reserve has fallen from 415M to 311M barrels since March and Cushing sits near tank bottoms — while rig counts show producer restraint, not a drilling boom.
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