OPEC Top Three Oil Producers

The above graph shows the oil production of Saudia Arabia (top panel) and Iran and Iraq (lower panel).    You can see the sanctions-induced deterioration in Iran’s production, as well as the beginning of the rise in Iraqi production which I expect to go on in fits and starts for many years, assuming the country […]

Russia’s 2012 Oil Output Rises to Post-Soviet Record on Prices

Russia’s crude oil and condensate output in 2012 climbed 1.1 percent from a year ago to a post- Soviet record as companies maximized supply to take advantage of an increase in prices. Russia, the world’s biggest energy producer, pumped 10.38 million barrels a day last year, up from 10.27 million in the previous year, according […]

In 2013, the great global unraveling

The disparate prospects of each continent have little in common. To the extent that they can be linked by a single theme in 2013, however, it is the idea of the unraveling of the global economy and the political integration that supported it. After two decades of globalization, this year will see each of the […]

Syria’s Oil Now a Target of Civil War

It was only a matter of time before Syria’s oil industry, sagging as it may be, became a target in the country’s civil war, a conflict that is rapidly devastating Syria’s infrastructure and economy. The latest casualty is now Syria’s modest oil industry, already suffering from lack of modernization. In two separate incidents in the […]

Private and External Cost of Electricity Generation

Private and External Cost of Electricity Generation SeekingEnergy

Orlov: Out of Ideas

It’s the first of the year, which is a traditional time for prognosticators to do some prognosticating. Since I have already explained at length why it is quite possible to accurately predict that something will eventually happen, but near-impossible to predict when it will happen (due to total lack of relevant data on which to […]

Bad News for Canada’s Oil and Gas Industry

Within the last two weeks, the oil market delivered some bad news for oil and gas companies operating in Western Canada. The bad news can be summarized by the headline of an article on the commodity page of the Financial Times: “Canada’s oil becomes cheapest in world amid glut in Alberta.” The forces that have […]

The shale revolution’s shifting geopolitics

It strengthens the United States, reduces China’s energy dependence, and generates a major global stimulus, while potentially destabilising both the Russian Federation and Saudi Arabia The shale energy revolution is likely to shift the tectonic plates of global power in ways that are largely beneficial to the West and reinforce U.S. power and influence during […]

When fracking came to suburban Texas

The corner of Goldenrod and Western streets, with its grid of modest homes, could be almost any suburb that went up in a hurry – except of course for the giant screeching oil rig tearing up the earth and making the pavement shudder underfoot. Fracking, the technology that opened up America’s vast deposits of unconventional […]

You Know How This Ends Right? This Ends Through War

In 2006, when Americans were flying high on ever-expanding credit and double digit real estate growth, hedge fund manager Kyle Bass came to the conclusion that something was very wrong. He and his investors determined that a massive real estate bubble was forming in sub-prime mortgages. But rather than just making a prediction, they put […]

Could Saudi Arabia be next?

Nobody can predict which way the ‘Arab Awakening’ will turn this year. But Robert Fisk has ventured a very tentative punt or two… Syria ‘Yes, Assad will go. One day. He says as much. But don’t expect it to happen in the immediate future.  Or Gaddafi-style.’ Israel and the  Palestinian territories ‘Hamas and Khaled Meshaal […]

« Previous Page

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy