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EIA Reveals New Oil Price Forecast
The United States Energy Information Administration (EIA) kept its Brent spot average prices for 2021 and 2022 flat month on month, the organization’s latest Short Term Energy Outlook (STEO) has...
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U.S. Coal Consumption Falls To 60-Year Low
The is the fifth article in a series on BP’s recently-released Statistical Review of World Energy 2021. Previous articles provided an overview of this year’s Review, an examination of the data on...
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‘Blue’ Hydrogen Is Worse For the Climate Than Coal, Study Says
quotes a report from Ars Technica: Most hydrogen today is made by exposing natural gas to high heat, pressure, and steam in a process that creates carbon dioxide as a byproduct. In what’s called...
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Start-Up Hopes to Move a Step Closer to Commercial Fusion
A start-up founded by scientists at the Massachusetts Institute of Technology says it is nearing a technological milestone that could take the world a step closer to fusion energy, which has eluded...
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Is Carbon Neutral Oil Really Possible?
The industry needs to address questions such as “which emissions are accounted for, what methodology is employed in the emissions measurement and verification, and how the emissions are priced—either...
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The Oil & Gas Inflation Trap That No One Wants To Talk About
President Joe Biden has lately sought to soothe fears that rising inflation could hurt the U.S. recovery and undermine his $4-trillion spending plans. This comes after U.S. inflation for the month of...
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Venezuela’s Oil Reserves Doomed To Become The World’s Largest...
The aggressive push to decarbonize the world economy is forcing big oil to examine how the carbon emissions of its operations can be reduced with a goal of becoming carbon neutral. That coupled with...
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U.S. Petroleum Demand Holds Strong Even as Delta Variant Raises New Worries
Consumption of U.S. petroleum climbed last week, driven by demand for jet and distillate fuels, while production ticked up and inventories dropped, the U.S. Energy Information Administration (EIA)...
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Saudi Aramco aims to raise at least $17 bln from gas pipeline
Saudi Aramco is looking to raise at least $17 billion from the sale of a significant minority stake in its gas pipelines, higher than the $12.4 billion raised from its oil pipeline deal, sources...
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The ‘Montreal Protocol’ Designed To Heal the Ozone Layer May Have...
In 1987, dozens of nations adopted the Montreal Protocol, agreeing to phase out the use of chlorofluorocarbons and other chemicals used in refrigerants, solvents, and other industrial products that...
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Saudi Arabia Remains Top Oil Supplier to China
Saudi Arabia Remains Top Oil Supplier to China Saudi Arabia remained the largest supplier of crude oil to China for the ninth consecutive month in July, but its shipments of crude fell 10% on a...
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Iran’s Huge Caspian Gas Find Is A Geopolitical Gamechanger
Iran last week revealed a huge new gas deposit located in the Iranian sector of the Caspian Sea. The ‘Chalous’ structure is to be developed with the intention of forming a new gas hub in northern Iran...
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A 1,000 Year Drought is Hitting the West
The United States and many other parts of the world are reeling under the impacts of severe drought. One possible solution is the desalination of seawater, but is it a silver bullet? The Western...
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Fusion experiments break records and explode 10 trillion watts of energy
Damien Jemison, a photographer at the National Ignition Facility (NIF), captured this image of the NIF laser beamline entering part of the target chamber. Jemison needed five exposures to capture...
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Can democracy survive peak oil?
Preface. This is a book review of Howard Bucknell’s Energy and the National Defense. University of Kentucky Press. Bucknell was amazingly prescient as you’ll see in this review, especially about why...
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China’s Sinopec, CNPC Discover More Oil, Natural Gas Resources
China Petroleum & Chemical Corp., aka Sinopec, has reportedly announced another oil and natural gas discovery in the Tarim Basin. The state-owned company said on Chinese social media that it had...
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Extinction Rebellion occupy Norway’s oil ministry
Scores of Extinction Rebellion activists blocked access to Norway’s oil and energy ministry for more than five hours on Monday, before police cleared the demonstration and made arrests. Around 17...
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America’s Energy Strategy is Bonkers
“Higher gasoline costs, if left unchecked, risk harming the ongoing global recovery. The price of crude oil has been higher than it was at the end of 2019, before the onset of the pandemic. While...
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Exxon Taps Strategic Oil Reserve
Exxon Mobil Corp. is tapping the U.S. Strategic Petroleum Reserve to revive gasoline production in Louisiana after Hurricane Ida left much of the devastated state’s refining and oil production...
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Why and how they plan to kill seven billion
<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span> Dr. Vernon Coleman explains why it is...
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How Much Energy Do We Need to Achieve a Decent Life for All?
For many, an increase in living standards would require an increase in energy provision. At the same time, meeting current climate goals under the Paris Agreement would benefit from lower energy use....
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Global Oil Demand To Peak By 2025
New York August 25, 2021: Global crude and condensate demand would peak in four years and slump by 40 percent over the next three decades if the world moves to a path outlined by the UN’s...
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The U.S. Power Grid Is At Risk Of Catastrophic Failure
Future electricity systems must be made more resilient Prolonged blackouts in Louisiana following Hurricane Ida are a reminder the power grid needs to become more resilient as well as reliable if even...
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China’s Conflicting Climate and Economic Goals Roil Commodities
China’s efforts to thread the needle between an often conflicting array of environmental, economic, social and geopolitical objectives are playing out in increasingly unpredictable global commodity...
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The great Covid reset
Even a casual understanding of history would determine that the catastrophe of World War I was the result of a multitude of bilateral agreements and treaties between the European nations. About 20...
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$42B Harvard Fund to Stop Investing in Fossil Fuels
Harvard University will stop investing in fossil fuels and instead use its giant $42 billion endowment to support the green economy, joining a growing wave of investors moving away from pollutive...
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The fire in the ashes of America’s Afghanistan defeat
America’s 20-year war in Afghanistan has ended. U.S. President Joe Biden eloquently defended the withdrawal by chiding U.S. proteges in the collapsed Afghan government for their failure to fight for...
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China to auction off state crude oil reserves for first time
China plans its first public auction of state crude oil reserves to a select group of domestic refiners, the reserves administration announced, as Beijing looks to cool high raw material costs for...
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Oil prices could hit $200/b without new investments in upstream sector
Global oil prices could soar to $200/b if no new investments are made in the oil and gas sector in the short-term, Oman’s energy and minerals minister said Sept. 9, in reply to the International...
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9/11 had major impact on energy industry
Energy infrastructure undergirds just about everything. An above-ground network of power lines keeps the lights on, the A/C running and the Wi-Fi connected. An underground network of pipelines fuels...
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