A weekly recap of what happened in the U.S. economy and World economy with a focus on oil and oilfield services. This week we look at unemployment, manufacturing, business activity, USMCA issues, and 232 tariffs. We also dive into detail on U.S.oil production and oil inventory data. Ty Chapman - PresidentFive Star Metals, Inc. Raising the Bar for C...

I discuss the major news impacting oil prices and the oilfield services industry. This month, I focus on the question of whether a wave of consolidation is about to hit the U.S. Shale oil industry and the earnings conference calls from NOV, Halliburton, and Schlumberger to see how their CEO's view the market. I also discuss the U.S. refusal to rene...

First, I want to thank all of the people who made our video series a resounding success. As of the time I'm writing this, one of the videos has almost 2,500 views, and several of them top 1,000. So thank you!!! This month seemed relatively uneventful has a whole, but certainly reflected some undercurrents playing out in the market. However, I think...

As you all know, one of my favorite times is earnings season. I find listening to the various CEOs incredibly insightful. While one must always remember that a CEO's main job is selling the company's stock, what they say can be incredibly beneficial to see how they view markets – albeit, with a bit of caution. Schlumberger Some highlights from the ...

As we have noted in a prior edition of The Five Star Standard, the U.S. is set to become a net energy exporter.The U.S. has rapidly moved up to be one of the biggest (at times the biggest) oil producers: Indeed, In the last two months of 2018, the U.S. Gulf Coast already exported more crude oil than it imported. Monthly net trade of crude oil in th...