Russia Now China’s Biggest Oil Partner

The output of oil from Russia reached peak levels in 2015 not seen since the era of the Soviet Union. It has now edged out Saudi Arabia as the largest exporter of crude to China. Gas prices have plummeted due to a glut of oil across the world, which is great news for consumers hoping […]

China’s Experimental Fusion Reactor

A Chinese fusion reactor managed to sustain plasma at temperatures of over 90 million degrees for 102 seconds, according to an article published in the South China Morning Post. That’s over a minute in which a machine sustained an electrically charged gas with a temperature approximately three times hotter than the core of the sun. […]

Obama’s $319 Billion Oil Tax Plan Raised to $10.25 a Barrel

President Barack Obama proposed Tuesday to raise $319 billion over the next decade for transportation and other needs with a $10.25-per-barrel tax on crude – up from $10 that was announced last week. The higher amount, along with other details, were released Tuesday as part of the president’s $4.1 trillion budget request to Congress, including […]

Saudi Arabia Prepares to Invade Syria

CNN’s Arabic division in Dubai reports Saudi Arabia is planning to invade Syria and has mobilized 150,000 troops in the kingdom. Two sources cited by CNN say “trainees” preparing for the effort are from Egypt, Sudan, Jordan, Morocco, Kuwait, the United Arab Emirates, Bahrain, Qatar and Turkey. Malaysia, Indonesia and Brunei will also participate. The […]

We assume $40 crude out to 2020

Cullen/Frost Bankers Chairman and CEO Dick Evans said Monday his stress test model looks for a $28 per barrel bottom for oil, and a historically low level of $40 per barrel out to 2020. Energy loans make up for over 15 percent of Cullen/Frost’s total loan portfolio, and 9.8 percent of them are now considered […]

IEA sees global oil glut worsening

The world will store unwanted oil for most of 2016 as declines in U.S. output take time and OPEC is unlikely to cut a deal with other producers to reduce ballooning output, the International Energy Agency said. The agency, which coordinates energy policies of industrialised countries, said that while it did not believe oil prices […]

Peak Oil: Just A Distraction

Remember, peaking in production, by definition, means that you have plenty of oil left. It has nothing to do with running out.…[T]he only people who ever use the phrase ‘running out of oil’ are people who either don’t understand Peak Oil, or people trying to mislead an audience about Peak Oil. Because again, if you […]

Concerns About Supply Persist As Conventional Crude Slides

At the outset of the global economic meltdown in 2008, the world was already bracing for another crisis: peak oil. Predictions that oil production would soon top out flooded the airwaves, stoking fears of a global oil shortfall and fueling speculation of prices at hundreds of dollars a barrel. “People have been trying very hard and […]

Why The ‘Sultan of Chaos’ Is Freaking Out

February 05, 2016 “Information Clearing House” – “RT” –  Picture sleepless nights at ‘Sultan’ Erdogan’s palace in Ankara. Imagine him livid when he learns the Syrian Arab Army (SAA), backed by Russian air power, started a preemptive Battle of Aleppo – through the Bayirbucak region – cutting off Ankara’s top weaponizing corridor and Jihadi highway. […]

Support your local antifa

This week we look at the growing fascist movement in Europe and what people over there are doing to fight back. On the break we have Sindicato Latino, a hip hop collective based in Europe and made up of Latinx migrants. We wrap things up with an anti-election rant and an interview with American anarchist […]

Fusion vs fission: clean, green nuclear energy technologies explained

Clean, cheap nuclear energy is often touted as a means to battle climate change. But how close are we to having nuclear plants that fit the clean, green bill? What are the different technologies and what do they offer? More than 10 per cent of the world’s electricity currently comes from nuclear power plants. These […]

The Physics of Energy and the Economy

I approach the subject of the physics of energy and the economy with some trepidation. An economy seems to be a dissipative system, but what does this really mean? There are not many people who understand dissipative systems, and very few who understand how an economy operates. The combination leads to an awfully lot of […]

The Peak Oil Crisis: A Breakthrough?

Two weeks ago I wrote a column about the progress that Randell Mills up in Cranbury N.J. has been making on his 25-year quest to develop a new source of energy to replace fossil fuels. Such a replacement would not only give the world a fighting chance to stop global warming, but it could be […]

Why the Wild Descent of Oil Is Cause for Concern

The signs of oil’s madcap price collapse are everywhere. Global markets now behave like digital roller-coasters from China to Europe. Schlumberger, the largest oil field service firm, cut 10,000 jobs in 2016 and another 20,000 jobs last year. The champion of hydraulic fracturing posted a loss of $1 billion, too. Throughout the world’s financial pages, […]

Oil Production Is Going To Drop And Oil Prices Are Likely To Increase

Rystad Energy, an independent oil and gas consulting services and business intelligence data firm in Oslo, Norway, has online, a wealth of information concerning upstream oil production projects and costs. Some of it is a bit dated but some of their charts date from late 2015. The two below Rystad charts were published by CNN Money […]

Israel mulling twin pipelines to Turkey, Greece

Energy Minister Steinitz outlines plans of gas line to Cyprus and Greece, says if rapprochement goes through Turkey could also be hooked up. Israel is looking to exploit its substantial natural gas reserves with two potential pipeline projects to Turkey and Greece, Energy Minister Yuval Steinitz (Likud) announced Sunday. “If things improve with Turkey…gas could both be sold to […]

Iran Says No Thanks To Dollars; Demands Euro Payment For Oil Sales

Iran enjoys trolling the United States. In fact, it’s something of hobby for the Ayatollah, who has maintained the country’s semi-official “death to America” slogan even as President Rouhani plays good cop with Obama and Kerry. The ink was barely dry on the nuclear accord when Tehran test-fired a next-gen surface-to-surface ballistic missile with the […]

Population, agriculture and energy: Are we killing the earth?

What is the future of earth? As the world’s population grows, the already depleted natural resources are reduced further. As citizens of the planet, we are the only ones who can change how we live in order to make the way we live sustainable. Continuing to consume like we are does not seem sustainable without […]

Saudis — Stop the Oil Flood – or Else

Why has this not been done? Because too many American and British politicians are on the Saudi payroll, and too much of Britain’s and America’s arms producers are dependent on Saudi business. The Saudis’ heads have swelled with arrogance while their dim-witted oil policies threaten the global economy. One night in his tent in Tripoli, […]

The world economy is shaky and ‘funny money’ won’t fix it

So that was “jarring January”. Since the start of the year, over £4 trillion has been wiped off the value of global equities – that’s four, followed by 12 zeroes. US stocks endured a steeper first-week decline in 2016 than in any year since before the First World War. Market volatility drove the MSCI World Index […]

65,000% Spike In Reported Radioactivity After Tritium Leaks At Indian Point Nuclear Power Plant

Two years after being fined for falsifying safety records, nine months after a transformer exploded at the Indian Point Nuclear Reactor just 37 miles from midtown Manhattan, and two months after Entergy – the plant’s operator – shut down the Unit 2 reactor after a major power outage cut power to several control rods (when […]

Fear the Bern: Sanders’ Anti-Fracking Agenda

Presidential candidates make a lot of promises, but one candidate’s energy policy is based around fear and falsehoods regarding natural gas development. Presidential candidates are often over-promising ideas and setting out lofty goals to better identify with their potential voters. It really reminds me of the campaign promises of a student class president claiming the power to […]

Peak olive oil?

Europe’s consumers are facing 20 per cent rise in the price of olive oil after bad weather and disease devastated the continent’s olive harvest. Olive farmers in Spain and Italy, meanwhile, have seen their leading position as exporters eroded by Tunisia. “Shoppers spent an additional €231m in 2015 on olive oil,” said research group IRI […]

Bounty from mother earth

Natural resources play a vital role in economic development and Gujarat is among the lucky states which are rich in mineral wealth. The state has rightly unlocked its treasure so that mineral-based industries can flourish.With vast deposits of limestone, lignite and bauxite, as also reserves of petroleum and natural gas, Gujarat is among the top […]

Nigeria: Oil, Greed and Ineptitude

The inevitable decline of rational and intellectual thinking  at the commanding heights of socioeconomic and political process in Nigeria was brought to the fore by the recent interaction between the Governor of the Central Bank of  Nigeria, Godwin Emefiele, a “seasoned Banker”, and members of the Finance Committee of  the Senate. In response to concerns […]

Oil Industry Triggers California Earthquakes

The oil industry must now admit that its actions could cause earthquakes in California. A study published by the American Geophysical Union this week found that a swarm of earthquakes that occurred in Kern County in 2005 was almost certainly caused by underground injection of wastewater from the state’s oil industry. Earthquakes have long been […]

The First Warning Sign That Cushing May Be About To Overflow

To be sure, the rumors have been there for a while. As we first wrote in March of 2015 when it became a topic of conversation, speculation that Cushing may fill, and even overflow, has been around for nearly 10 months. As we reported then, there were floating predictions that Cushing may top out as […]

World economy seems trapped in ‘death spiral’

The global economy seems trapped in a “death spiral” that could lead to further weakness in oil prices, recession and a serious equity bear market, Citi strategists have warned. Some analysts — including those at Citi — have turned bearish on the world economy this year, following an equity rout in January and weaker economic […]

Will Non-OPEC Oil Production Collapse In 2016?

The IEA Oil Market Report, full issue, is now available to the public. Some interesting observations: Non-OPEC oil supplies are sharply lower in December. Overall supplies are estimated to have slipped by more than 0.6 mb/d from the month prior, to 57.4 mb/d. A seasonal decline in biofuel production, largely due to the Brazilian sugar […]

Inside the Economic and Political Influences on Oil

Citi Energy Futures Specialist Tim Evans discusses the price and production of oil. He speaks on “Bloomberg ‹GO›.”

« Previous Page — Next 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