Analysts are divided over whether oil prices can continue to climb, with WTI nearing $60 and profit-taking having begun.
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Friday, February 12th, 2021
Brent held above $61 per barrel in early trading on Friday, despite some headwinds from a slight strengthening of the dollar. Analysts are now split on whether or not the rally has gone too far or has more room to run.
OPEC cuts oil demand forecast. OPEC expects oil demand to rise by 5.8 million barrels per day (bpd) this year, down by around 100,000 bpd from last month’s projection due to lockdowns in major developed economies in the first half of this year, the cartel said on Thursday.
Manchin emphasizes natural gas in second letter to Biden
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February 12, 2021 | Marcellus Drilling News
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For the past week or so we've spotted stories in the Democrat press (i.e. mainstream news) about a so-called "research report" issued by a front organization for the Heinz Endowments called the Ohio River Valley Institute (ORVI). The ORVI recently released a report that purports to show the fracking miracle in the Marcellus/Utica hasn't actually created all that many jobs or economic benefits. Here's the first tip this report is a scam and a sham: The lead researcher from the so-called ORVI doesn't live in the Ohio River Valley nor anywhere near the M-U, he's a playwright who lives thousands of miles away on the Left Coast, in Washington State. In other words, the report is fiction. Here's the second tip this "report" is a scam and a sham: Cornell University’s Tony Ingraffea, thoroughly discredited by making false claims that coal is a cleaner energy source than natural gas (because he's an irrational hater of fracking), sits on