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Pump Jack

All Eyes on OPEC, For the Last Time?

Houston, TX, November 30, 2016 – When OPEC members, led by Saudi Arabia, decided in 2014 to keep oil production high despite a global glut, it sent prices into a tailspin. It’s widely thought the move was intended more than anything to drive as many U.S. shale producers as possi
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Low Crude Prices Hurt Cartel more than U.S. Shale

Houston, TX, September 26, 2016 — During the International Energy Forum, Sept. 26 – 28 in Algeria, members of the Organization of Petroleum Exporting Countries (OPEC) will convene informally to discuss how to stabilize slumping global oil prices. Crude is currently trading in th
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The Case for Restoring WTI as the Global Oil Pricing Benchmark

Houston, June 24, 2016 – Arguably the world’s most valuable commodity, crude oil is essential to modern life, the building block for everything from gasoline to guitar strings. Like other commodities, crude is governed by the theory of supply and demand. Producers produce, buyer
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As OPEC Infighting Continues, U.S. Becomes Energy Swing Producer

Houston, May 3, 2016 — When OPEC members couldn’t agree at their April meeting to cap oil output in an effort to boost prices, did it signal the end of the cartel’s reign as the world’s energy swing producer — leaving the door open for American shale producers to take over
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Crude Oil Export Ban Lifted

Houston, Dec. 11, 2015 – With the government lifting our country’s nearly 40-year-old ban on crude oil exports, Americans can celebrate an important victory for the energy industry and look forward to potentially lower gas prices, a decrease in our reliance on volatile energy-pr
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Rumbling in OPEC Ranks??

HOUSTON, Dec. 3, 2015 — Dan K. Eberhart, the CEO of Canary, LLC, one of the largest private oil field service companies in America, doesn’t expect OPEC leaders to reduce oil production as a result of their meeting Friday in Vienna, Austria. However, Eberhart does expect that dec
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Vote to Lift Crude Oil Export Ban called a “Reawakening” for American Energy

WASHINGTON, Oct. 9, 2015 — Dan K. Eberhart, the CEO of Canary, LLC (Houston), one of the largest private oil field services companies in America, announced today that the House of Representatives’ vote to lift the 40 year-old US crude oil export ban “represents a his
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Momentum to End Crude Export Ban Couldn’t Come at a Better Time

HOUSTON, September 18, 2015 – The House Energy and Commerce Committee today favorably marked up H.R. 702, which calls for eliminating the United States’ 40-year ban on crude oil exports, the Energy Equipment and Infrastructure Alliance (EEIA) announced. “We’re getting closer,” said EE
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Iran’s Nuclear Deal Raises Tough Questions about Opening Up US Energy Exports

Despite vigorous bipartisan opposition and acknowledgment even from supporters that the deal is dangerously flawed, Iran will gets it nuclear accord.  The White House has not only secured enough support to sustain the President’s veto of Republican-backed legislation trying to block t
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