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Premium Content This Commodity Super-Cycle Could Be Unlike Anything We’ve Seen Before By David Messler - Feb 17, 2021, 7:00 PM CST Commodity prices have been on the rise since late in the 3rd quarter of 2020. Signs that the global economy would rebound faster than anyone thought possible, in the early phase, has spurred purchases of critical components in the modern economy. I have discussed the reasons for this in a couple of OilPrice articles recently. In this article, “How High Will Oil Prices Go This Year?”, I discussed the impact the decline in drilling in shale plays wa...

Planning commission OKs rezoning request By Sheryl Roadcap - sroadcap@sidneydailynews.com SIDNEY — A rezoning request of three lots on Target Drive from the I-1, light industrial district, to a B-2, community business district, was approved by the Sidney City Planning Commission during its Tuesday evening teleconference meeting. At the top of the meeting, Aditya Sakhalkar, the newest commissioner member, was introduced. A public hearing was then held on the request of David Messler, on behalf of First Troy Development, for the rezoning of three lots on the east side of Target Drive, north o...

How Much Higher Can Oil Prices Go? Oil prices have rallied back to the point they are almost ready to match pre-Covid levels. There are two key drivers for this miracle, which no one predicted early on as being possible in this period of time. The first is the production curbs by U.S. producers and of course, the millions of barrels of oil per day withheld by the OPEC+ cartel. The second is recovering demand, putting-so far, slight pressure on supplies, and creating a market condition known as “Backwardation.” A market condition where the future price of a commodity is higher ...

The political and macro environment will push supplies lower Elections have consequences. The concentration of power over the next couple of years, with Democrats controlling all three branches of government, will make increases in U.S. production very unlikely. From recent 2020 highs where the U.S. produced over 13 mm BOPD, production in response to low prices has fallen to 11.0 mm BOPD. We will see an enhanced and stricter regulatory environment in the coming years. The U.S. will be put firmly on a path where renewable fuels are increased at the expense of petroleum-based fuels. The anticip...

5 hours Iran Says It Will Return To Nuclear Compliance After U.S. Lifts Oil Sanctions 7 hours China Sets World Record For Deep-Sea Drilling In Disputed South China Sea 11 hours Total’s $5-Billion Uganda Project Set For Imminent Go-Ahead 12 hours Democrats Propose $8 Billion Bill To Clean Up Abandoned Wells 1 day Libya’s Largest Oilfield Could See Exports Interrupted 1 day Smaller Oil Tanker Rates Recover After OPEC+ Agrees To Ease Cuts 1 day U.S. LNG Exports Fall From Record Hig...