India will keep buying Iranian crude despite the threat of US sanctions

U.S. sanctions targeting Iran’s crude oil exports come into force from November 4, with Washington ratcheting up the pressure on governments and companies around the world to slash their Iranian oil imports to zero. However, Indian Oil Minister Dharmendra Pradhan said India would continue to purchase Iranian crude in November, according to Reuters. Pradhan also […]

The Global Grid — A look at connecting energy sources around the world

Energy is contagious Enthusiasm spreads Tides respond to lunar gravitation Everything turns in synchronous relation — Rush “Chain Lightning” What if it were possible to connect to all the energy sources such as wind and solar through a global network? A network that could convert the instantaneous energy produced in one spot on the earth […]

Is The U.S. Using Force To Sell Its LNG To The World?

The Trump Administration trade policy is nowhere so clear as in the energy area. For years it was thought that the younger Bush Administration was one of the most energy industry friendly in history. But the Trump Administration has gone far beyond that. Hiring Ray Tillerson, the former CEO of ExxonMobil, as U.S. Secretary of […]

Journalist Murdered in Saudi Consulate

Fears are growing over missing Washington Post writer Jamal Khashoggi, after Turkish officials said they believed he had been murdered. Mr Khashoggi, a Saudi national, went missing after visiting the Saudi consulate in Istanbul on Tuesday. A Turkish official told the BBC that initial investigations indicated he was murdered there. Saudi Arabia has denied the […]

BP: Energy transition

BP invests in developing biogas projects and offtakes from carbon capture projects. BP is also actively involved in renewable power and fuel certificates markets to help businesses demonstrate the use of renewable energy. BP’s AA credit rating and risk management products can help developers who are seeking project financing. North America Renewable Identification Numbers (RINs) […]

Economic Meltdown Worse than Great Depression Coming

Renowned trends researcher Gerald Celente is making a big change to his 2018-2019 economic forecast. What is the timeline for this coming market meltdown? Celente says, “The timeline is tough, but look . . . all you need is one major failure or one major hedge fund pulling out because that’s who is running the […]

Federal Reserve prepares for next crisis, bets it will begin like the last

The Federal Reserve painted a picture of the U.S. economy that was almost too good to be true at its last meeting, with inflation seen contained in the near future despite the lowest unemployment rate in 20 years. FILE PHOTO: The Federal Reserve building is pictured in Washington, DC, U.S., August 22, 2018. REUTERS/Chris Wattie/File […]

Hedge Fund Legend Ray Dalio On The Economy

Ray Dalio is the founder and co-chief investment officer of Bridgewater Associates, the largest hedge fund in the world. Dalio is sharing his template for understanding debt crises, which he says helped him and his fund foresee and navigate the financial crisis.

What Oil at $100 a Barrel Would Mean for the Global Economy

Rising oil prices are prompting forecasts of a return to $100 a barrel for the first time since 2014, creating both winners and losers in the world economy. Exporters of the fuel would enjoy bumper returns, giving a fillip to companies and government coffers. By contrast, consuming nations would bear the cost at the pump, […]

Saudi Crown Prince Slams Obama, Praises Trump, Claims Aramco IPO Is Back On

The on-again, off-again, never-in-doubt, will-never-happen IPO of Saudi Arabia’s state-owned oil company Aramco is back on… for 2021, according to prince Mohammad bin Salman. In a broad-based interview with a number of Bloomberg reporters on Wednesday night at a royal compound in Riyadh, Saudi Arabia’s Crown Prince Mohammed bin Salman Al Saud spoke about his […]

Saudi Crown Prince to Trump: We’ve Replaced All Iran’s Lost Oil

Saudi Arabia’s crown prince, facing U.S. pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions. “The request that America made to Saudi Arabia and other OPEC countries is to be sure that if there is any loss of supply from […]

Kunstler: Fishtailing into the Future

The opening chapters of Michael Lewis’s new book, The Fifth Risk, detail the carelessness of the Trump transition team in the months leading up to his swearing-in as president. Former New Jersey governor Chris Christie led the team, with its binders full of possible agency chiefs, before he was summarily canned by Steve Bannon, who […]

Wind farms cause global warming

When it comes to energy production, there’s no such thing as a free lunch, unfortunately. As the world begins its large-scale transition toward low-carbon energy sources, it is vital that the pros and cons of each type are well understood and the environmental impacts of renewable energy, small as they may be in comparison to […]

Bill Gates, Jeff Bezos, and other billionaires are betting on a bacteria that could change the way we grow food

An energy startup called Pivot Bio raised $70 million for its genetically modified bacteria, which help cut down on the use of nitrogen fertilizer. In addition to using up energy and polluting rivers and streams, nitrogen fertilizer releases a greenhouse gas that’s 300 times more potent than carbon dioxide. With its latest round of funding, […]

World Economy At Risk Of Another Financial Crash

Debt is above 2008 level and failure to reform banking system could trigger crisis…   The floor of the New York stock exchange in September 2008. Photograph: Richard Drew/AP The world economy is at risk of another financial meltdown, following the failure of governments and regulators to push through all the reforms  needed to protect the […]

Is The Threat Of High Oil Prices Overstated?

As U.S. sanctions on Iran have forced some countries to stop importing oil from Iran, crude oil prices have inevitably risen. The U.S. started down this path earlier this year when President Trump announced the withdrawal from the Obama-era Iran nuclear agreement. Some sanctions went into effect in August, but the sanctions with potentially the most significant global […]

Oil and Gas This Week Podcast: Why Peak Oil Demand Doesn’t Matter

MP3•Episode home•Series home•Public Feed By Mark LaCour & Jake Corley. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers. In this Episode of Oil & Gas This Week – Why Peak Oil Demand Doesn’t Matter, The Oil And Gas Situation: […]

Venezuela’s Oil Exports Are Falling Even Faster Than Expected

A delay in port repairs following a tanker collision is putting additional pressure on already pressured Venezuelan crude oil exports, Reuters quoted anonymous sources close to PDVSA as saying this week. It seems that Venezuela’s woes are only multiplying as time goes by, although news from official Caracas sources seems more upbeat. Oil, however, appears […]

Half Humanity Is Middle Class

The research classifies middle class people as people with discretionary income to spend on large consumer items such as refrigerators, washing machines or motorcycles, if they pay for entertainment, if they go on family holidays and if they have enough resources to withstand an economic shock, like  illness. By this measure, 3.6 billion people are […]

$100/b darlings of US oil could lead way for crude

The oil world seems ready, or even desperate, to take $100/b crude to the party. But while the dirty markets are still hunting for their bow ties, some US refined products are already bouncing across that dance floor. Low-RVP San Francisco 84-octane gasoline blendstock was assessed up $1.76/b at $1.0109/b Tuesday — its first day […]

Saudi Arabia to invest $20 billion in spare oil production capacity

Saudi Arabia will invest $20 billion in the next few years to maintain and expand its spare oil production capacity, Saudi Energy Minister Khalid al-Falih said on Thursday. Saudi Arabia’s oil production capacity stands at 12 million barrels per day. Reuters

Sir David Attenborough: ‘Population growth has to come to an end’

BBC Newsnight gets to the bottom of some important issues with Sir David Attenborough starting with the ultimate question: Did he watch Love Island? BBC

How to keep the spectre of peak oil supply at bay

The warning signs are there – the industry isn’t finding enough oil. Guyana is one of the very few giant oil discoveries made during the downturn. Fact is, we need more Guyanas, a lot more, and we need them soon. Without them, the oil market is in danger of tightening in the not too distant […]

Too much oil? Texas boom outpaces supply, transport networks

The west Texas drillers that drove the shale revolution have overwhelmed the region’s infrastructure with oil production -driving up costs, depressing regional oil prices and slowing the pace of growth. The U.S. government continues to forecast the country’s oil output rising to fresh record. But competition for limited resources in Texas is making it harder […]

Trump Says Saudi King Wouldn’t Last ‘Two Weeks’ Without US Support

Trump says he told Saudi king that the US military is protecting him and the monarch would not last without US backing. Trump called King Salman on Saturday to discuss efforts to maintain supplies to ensure oil market stability [Pablo Martinez/AP Photo] US President Donald Trump said close ally Saudi Arabia and its king would […]

America and Russia, Part One: Stirrings in the Borderlands

To my mind, one of the main sources of collective stupidity in modern American society is our pervasive bad habit of short-term thinking. It’s embarrassingly rare for anyone in American public life to stop and say aloud, “Hold it. What’s going to happen if we keep on doing this for more than a few more […]

Denmark to ban petrol and diesel car sales by 2030

Denmark announced on Tuesday (2 October) that it will ban the sale of new cars with internal combustion engines by 2030 and hopes to have one million electric and hybrid cars on the roads by then. In a speech to parliament, Prime Minister Lars Løkke Rasmussen said that “diesel and petrol cars in Denmark must […]

Predictions Of $100 Oil Are Just Clickbait For The Uninformed

As seems to happen every time the oil price ticks up over some new round number threshhold, the energy media has seen a return of headlines predicting a return to $100/bbl crude prices this week as the price for Brent crude rose above $80. Since the price collapse of 2014, it has become something of […]

Never Underestimate The Power Of Big Oil

I became a shareholder of Chevron CVX +0.28% Corp (NYSE:CVX) when it acquired the former Texaco, which I believe was the first stock I ever bought. I was fresh out of business school and made an investment in Texaco’s dividend reinvestment plan, and I’m happy to report that I literally make more in dividends every […]

It’s The Oil, Stupid

Summary Rising crude prices have grabbed headlines of late and it’s important to understand how oil factors into what some analysts are calling “cyclical melt-up 2.0”. There’s a connection here to the vaunted “convergence” trade. It’s tempting to ascribe the relationship between crude and bonds to inflation expectations. But one bank thinks that’s not a […]

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