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“I’m flirting with disaster, and I’ve got a hot date.”
-Leo Rondeau, Down at the End of the Bar

Get ready! March 26, 2018 marks the opening of trade of the new gold-backed, Yuan denominated Chinese oil futures contract. The contract will be traded on the Shanghai International Energy Exchange with similar sizing as the West Texas Intermediate contract traded on the NY-MEX: 1,000 barrels/lot; tic value equal to 0.1 Yuan per barrel, or…

Please revisit our articles regarding Contango vs. Backwardation HERE, the Price of Oil and the Commitment of Traders Report HERE, and the Price of Oil and the U.S. Dollar HERE, for background to this article.   The February 2018 West Texas Intermediate (CLG18) contract finished the year strong, closing Friday, December 29, 2017 at $60.42. This…

The Texas Title Examination Standards are a-changing. To review the proposed changes click here: Final_Warranty_Standard_9817. E-mail your comments and suggestions to Bill Burford at bill.burford@kellyhart.com before October 15, 2016. The current proposed changes include the following: Standard 17.10. Title from the Sovereign If you’re acquainted with Aloysius Leopold’s Texas Land Titles, Standard 17.10 will sound…

Copyright Marcellus Shale Coalition After a seven-year de facto moratorium on natural gas development near the Delaware River, the Delaware River Basin Commission (“DRBC”) took steps last week to begin the process of enacting a formal ban on drilling for natural gas in Pennsylvania’s northeastern tip, including Wayne and Pike Counties. The Commission adopted a…

Revisions to the State Oil and Gas Lease form continue. As per the State Mineral and Energy Board’s schedule, a final vote will be taken in December. Prior to that time, the Board will review the fourth, and final, article reports and public comments at their August 9th meeting, which will cover the following lease…

Senator Cory Gardner (R-CO) has introduced the Bureau of Land Management Headquarters Relocation Act in the U.S. Senate, legislation that would authorize Interior Secretary Ryan Zinke to develop a plan to move the Bureau of Land Management (BLM) out of Washington, D.C.; Congressman Scott Tipton (CO-3) introduced the House companion bill. The bill specifies that…

Copyright CNBC.com Copyright jeroenbloklandblog.com The graph should be read from right to left to better understand the relationship between contango (upper black line)/ backwardation (lower blue line) and the current spot price. Please revisit our articles regarding the Price of Oil and the Commitment of Traders Report HERE, and the Price of Oil and the U.S. Dollar…

Copyright Osage Nation Killers of the Flower Moon is at once a historical retelling of the Osage Oil Boom, a murder mystery, and the genesis story of the modern Federal Bureau of Investigation. Based on thousands of pages of unpublished FBI reports, as well as voluminous official government documents and case records, David Grann’s meticulously…