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• Schork Oil Outlook: American Imports—Goodbye Frying Pan, Hello Fire

  Last week the DOE released its petroleum supply monthly report, a lagging—yet highly detailed- breakdown of America’s supply disposition. Thus, the report only covers data up to January 2010, but provides a closer look at our trading partners.

• Schork Oil Outlook: Methane Hydrates—the Next Shale Gas?

  In their weekly update yesterday, the EIA referenced the U.S. Department of Energy’s Office of Fossil Energy confirmation that gas hydrate occurs in high saturations within reservoir quality sands in the Gulf of Mexico. The DOE’s findings are the initial result of an expedition that the National Energy Technology Laboratory conducted in May 2009.