Our Blog
OPEC Projects Stronger Oil Demand in 2014
According to an article in “Rigzone” today, OPEC has followed the lead of the U.S. Energy Information Agency (EIA) and projects the demand of crude oil increasing in 2014. Both organizations expect an increase of about 40,000 barrels per day (bopd). While the largest increases in demand still are projected for China and the Middle… Read More
Unconventional Oil and Gas
Ali Moshiri is President of Chevron-Africa and Latin America- Exploration and Production. Earlier today he addressed the Houston Chapter of the American Petroleum Institute. While his remarks were specifically about unconventional energy plays in Argentina, he articulated principles which transcend borders. Unconventional energy includes shale gas and tight oil reservoirs. Unconventional projects do not make… Read More
Oil Briefly Exceeds $100 per Barrel
The price of benchmark U.S. crude for March delivery briefly exceeded $100 per barrel Friday, and closed at $99.88 according to an article in “Rigzone”. Unexpectedly strong demand for gasoline, lower than anticipated supplies of distillates such as diesel and heating oil, and a reinvigorated stock market all contributed to the surge in crude prices.… Read More
Encouraging News from the CNG Front
Earlier this week while in Lafayette, my good friend Steve Romero with Pro-Log told me about a natural gas filling station. I asked Steve if it was a CNG (compressed natural gas) or LPG (liquefied petroleum gas-e.g. propane or butane) station and related my long standing fascination with the prospects of CNG as a transportation… Read More
A Worthy Cause and a Noble Effort
Russell T. Rudy Energy, LLC, would like to acknowledge our appreciation for the efforts of Harold Inman, on behalf of the Patrick Williamson Foundation. As a member of the Board of Directors, Harold has helped to organize a major fund raising events for the Foundation with an event planned in Lafayette, Louisiana in April of… Read More
