Saudi Aramco Reportedly Shelves IPO In “Face-Saving” Move

We noted a month ago that the long-awaited Saudi Aramco IPO, scheduled for mid-2018, could be delayed to 2019, but now, according to The FT, Aramco is considering shelving plans for an IPO altogether in favor of a private share sale to the world’s biggest sovereign wealth funds. The FT notes that talks about a […]

Just How Big Is Oil’s Invisible Friend?

The world’s oil majors, beset by intimations of demand for their favorite product leveling off, seek comfort from an invisible friend. Compared to oil and coal, natural gas looks less fossilized. Long-term outlooks routinely show demand rising while it flattens for oil and falls for coal. This makes sense: Gas is versatile, useful both as […]

China’s Crude Oil Buying Spree Looks Set To Continue

China has built its crude oil stockpiles at a record pace in 2017 and while its purchases could tail off towards the year-end, inventories could hit the billion-barrel mark in six months, the International Energy Agency said. China has spent around $24 billion on building its crude reserves since 2015, at an average of $50 […]

As Good as It Gets

It’s easy to get lulled into complacency by synchronized global growth, easy financial conditions and super-low economic and financial market volatility. Yet, while the current macro environment and outlook appear better than many of the younger market participants can remember, the last time a similar combination prevailed was in 2006 – and that didn’t end […]

Can Deep Water Wind Farms Power The World?

Far out to sea, amid the crashing waves of the North Atlantic, there’s a fortune to be made. According to new research, deep water wind farms could produce enough energy to meet all existing and future electricity demand, if properly harnessed. In a study published on October 9 by researchers at the Carnegie Institution for […]

Arctic on Fire

On June 19, 2015, a slow-moving low-pressure system with spectacular thunderstorms that produced little rain began making its way through Alaska. By the time the storms finally petered out about a week later, 61,000 bolts of lightning had been unleashed on a boreal forest in the state. No one had ever seen anything quite like […]

Dr. Eugene Preston Explains Why 100% Renewable Energy Is Unlikely

“Is having 100% renewable energy for a country feasible?” This question was recently posed on Thinkable. Dr. Gene Preston, a man who has been professionally specializing in grid reliability studies since his 1997 dissertation on the subject, answers “Exceptionally unlikely.” He doesn’t stop there; his answer includes enough detail to persuade all but the most […]

Machine over Man

Gone are the days when manual labour drove the bulk of the work in oil and gas exploration. In a post-peak-oil era, in which resources are harder to extract and oil prices continue to plunge, the race towards automation means higher profitability — and less human error. Out on the oil patch, opportunity comes to […]

Is The War On Coal Really Over?

On Tuesday, Pruitt’s EPA proposed to withdraw the Clean Power Plan (CPP), a controversial step that seeks to roll back the clock on arguably the most important environmental achievement of President Obama. In fact, some argue that the CPP ranks up there along with the healthcare overhaul as one of Obama’s top domestic policy victories. The Clean […]

Saudi Arabia’s Revolution From the Top Has No Place for Critics

Few would describe Mohammed Al-Arefe as a defender of women’s rights. In one infamous video, the Saudi cleric explains exactly how a man should beat his wife. But when the government decided to allow women to drive cars, up popped Al-Arefe on state TV to say what a good idea that was. “A modest woman […]

A Giant, Mysterious Hole Has Opened Up in Antarctica

A hole as large as Lake Superior or the state of Maine has opened up in Antarctica, and scientists aren’t sure why it’s there. The gigantic, mysterious hole “is quite remarkable,” atmospheric physicist Kent Moore, a professor at the University of Toronto’s Mississauga campus, told me over the phone. “It looks like you just punched […]

Oil: We still need (plenty) more supply

Analysts at HSBC suggest that despite a likely peak in LDV demand in 2025-30, the peak in total oil demand still looks much further off  and they see a looming shortage of supply as a more pressing issue, pointing to upside in prices from current levels. Key Quotes “The rate of climate policy progress and […]

This Key Data Points At Strong U.S. Oil Demand

Gasoline prices haven’t gone up high enough in the U.S. to have any real impact on car buyers choosing more fuel-efficient vehicles. A university study reports that fuel economy in new vehicle purchases is staying flat this year. Average fuel economy (window-sticker value) of new vehicles sold in the U.S. was 25.3 mpg in September, […]

The Wisdom Of The Dark Emotions

I was brought to the practice of mindfulness more than two decades ago by the death of my first child. Aaron died two months after he was born, never having left the hospital. Shortly after that, a friend introduced me to a teacher from whom I learned the basics of Vipassana meditation: how to breathe […]

Feast Or Famine? Oil Market In 2018

“Behold, there come seven years of great plenty throughout all the land of Egypt: and there shall arise after them seven years of famine; and all the plenty shall be forgotten.” In the Bible, Joseph was interpreting Pharaoh’s dream of seven fat and seven thin cows, but he might have been talking about the oil […]

Italy’s Oil Giant Taps Mediterranean Diet to Turn Fats Into Fuel

Each week, Friggi Oil Service pays a visit to Ai Due Otri, a traditional Sardinian restaurant in central Rome, to pick up what’s left in the frying pan. Leftover oil from this and other restaurants is trucked to a collection area just outside the capital. It’s then taken to a refinery operated by Eni SpA, […]

World population grows through history

Watch the world’s population grow over the course of history on this amazing map! RT LIVE http://rt.com/on-air

A New Era for Aviation?

  The pressure to reduce carbon dioxide emissions and the prospect of a world running largely on renewable electricity has sent research and development teams in every sector back to their respective drawing boards to look at options that might exist for electrification. Perhaps the most challenging sector is aviation, where liquid hydrocarbon fuels are […]

Saudi Arabia curbs oil exports to combat glut

Saudi Arabia is allocating fewer barrels of crude for export next month and at a level below current demand, emphasising the effort by global producers to reduce surplus inventories. In a rare statement, the Ministry of Energy on Monday said contracted demand for Saudi crude for November was 7.7m barrels a day, but the kingdom […]

Kunstler: No Joy in Trumpville

I took advantage of the calm before the storm, to pay a visit on Saturday to my hometown, Trumpville, a.k.a. Manhattan. My college buddy had a son who was acting in an off-Broadway play (closing night, so don’t bother asking). The city I knew as a kid — which, frankly, I never liked very much […]

OPEC should go for ‘responsible pricing’, says oil minister Dharmendra Pradhan

India today pressed oil cartel OPEC to adopt “responsible pricing” for oil and consider the world’s third-biggest oil consumer as its preferred sales destination. Oil Minister Dharmendra Pradhan met OPEC Secretary General Sanusi Mohammad Barkindo to discuss “the current scenario of oil and gas industry of the world and exchanged notes on the recent developments”, […]

No More Free Lunch Is the Big Change Under Way in the Oil Market

For years, investors have played Popeye to the energy industry’s Wimpy, the cartoon character famous for his “I’ll gladly pay you Tuesday for a hamburger today” motto. In return for the promise of future profits, they’ve funded loss-making energy producers and explorers through a generous mix of loans, bonds and equity. That may be changing, […]

Saudi Aramco Plans ‘Mega Investment’ in World’s Top Oil Guzzler

Saudi Arabia’s state-owned oil giant has “mega investment” plans for the world’s fastest growing oil market, according to Saudi Arabian Oil Co.’s chief executive officer. The company, popularly known as Saudi Aramco, plans to create a fully integrated business in India and is interested in partnering with Indian companies, including in a planned large refinery […]

The Consent Of The Conned

Every single line item in our entire Bernie Madoff scam of a system is cooked. My theme this week is The Great Unraveling, by which I mean the unraveling of our social-political-economic system of hierarchical, centralized power. Let’s start by looking at how the basis of governance has transmogrified from consent of the governed to […]

No room for children: the absurd theory of population control

‘Want to fight climate change? Have fewer children.’ That was a headline on the Guardian earlier this year. A study published in Environmental Research Letters measured the impact of certain lifestyle choices when it comes to carbon emissions. The study suggests that having fewer children, along with adopting a vegetarian diet, avoiding long flights and […]

World’s Largest Oil Trader Says Peak Demand Is Coming

Vitol is responsible for the trade of around 7 percent of global oil, which makes it the biggest oil trading firm in the world. Taylor admitted he is concerned about the company’s place in a new, less oil-dependent, world. An additional cause for worry is the shrinking pool of talent, as more young people opt […]

A little on the Profitability of the Bakken

In the first part of this post I present an update on the profitability for Light Tight Oil (LTO) extraction in the Bakken (ND) as one big project. This is followed with economic life cycle analysis for the average LTO well of the 2014, 2015 and 2016 vintages in the Bakken. This analysis found that […]

New York’s Clean Energy Standard Is Merely Virtue Signaling

New York State’s Clean Energy Standard Is but symbolic environmentalism accomplishing almost nothing with respect to emissions or the welfare of New Yorkers. A recent report evaluated New York State’s clean energy programs and found them costing the state’s consumers and businesses over $1 trillion with no measurable impact on world climate. Thus, the carbon […]

China Study Warns Of Impending Oil Production Peak & World Oil Market Squeeze, + Peak Recoverable Coal ~2020

China is rapidly approaching peak fossil fuel extraction according to a new state-funded study led by the China University of Petroleum in Beijing. The study findings include the assertion that China will experience a peak in its total oil production (conventional + unconventional) by as early as 2018. As a result, world oil markets and […]

The Open Door

“We have before us two roads”     It was two years ago, in the bookstore at Pleasant Hill Shaker Village, that we came across Carol Medlicott’s book, Issachar Bates. Wondering at the title, we turned to the index and discovered many entries for Artemas, an uncommon name that appears more than once in our […]

« 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