Major world cities are making cars a thing of the past

Friday, October 12, 2018, 5:03 PM – As global population increases, so does the number of cars in our city streets and roads. Engineers, policy makers, scientists, and urban planners around the globe have been brainstorming ways in which cities can be more pedestrian-friendly while lowering CO2 emissions. A good number of large cities worldwide […]

‘Expensive Energy Is Back:’ Why the World Should Prepare for Higher Prices

Energy prices may soon rise, but not for anything to do with Peak Oil—the theory that production will soon reach a peak and begin to fall—the International Energy Agency (IEA) predicts in its Oil Market Report released Friday. Overall supply has actually grown to record highs of over 100 million barrels a day thanks to […]

100 Million Barrels: The World Hit a Daily Oil and Liquids Record

The world is pumping out more oil and other petroleum liquids than ever before. Global supply rose to 100.3 million barrels a day in the third quarter, the International Energy Agency said Friday in its monthly oil market report. Output, which includes crude oil, natural gas liquids, biofuels and refinery processing gains, was 2.3 million […]

Forget cars, plastics could soon become the ‘single most important driver’ of oil demand

Huge potential for bioenergy to grow: IEA   7:40 AM ET Mon, 8 Oct 2018 | 02:32 Petrochemical products like plastics will become the most prominent driver of oil demand over the coming years, the executive director of the International Energy Agency (IEA) told CNBC Monday. “When we discuss oil demand, peak oil demand (and) oil […]

What if oil goes to $100?

Brent is expected to peak at $95 per barrel (/bbl) by the end of Q2 2019, said the Bank of America Merrill Lynch (BofAML), citing a forecast by Francisco Blanch and team and analysing the impact on  global growth of an even larger and more sustained oil spike. The analysis specifically discusses the factors that […]

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, […]

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 […]

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 […]

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 […]

The global rise of the middle classes

More than half the world’s population is now middle class, researchers have calculated. The tipping point was reached this month when the number of people who qualify as middle class nudged to just short of 3.6 billion, presenting vast new markets for businesses but creating rising expectations of public services. The proportion is higher than […]

US Crude Soars to Fresh Multiyear High as Rally Continues

U.S. crude prices rose to their first multiyear high in more than three months on Monday, the latest sign that bullish optimism is spreading throughout the oil market as investors anticipate supply shortages. Light, sweet crude for November delivery climbed $2.05, or 2.8%, to $75.30 a barrel on the New York Mercantile Exchange, hitting its […]

Predictions Of Early ‘Peak Oil’ Demand Don’t Pass The Goldilocks Test

Adherents of the currently faddish demand side of “Peak Oil” theory (as opposed to the formerly faddish supply side, which was completely blown out of the water in recent years by the shale revolution) received a big dose of bad news over the weekend from OPEC. At a meeting with its non-OPEC oil-exporting partner nations […]

How High Can Oil Prices Rise

Summary $85 bbl. for Brent (BZ) and $75 bbl. for WTI (CL) can be considered price ceilings. The effects of Iranian sanctions will depend upon the response of Iran. So far, it has not been dramatic. The recent military exercise was only part of anniversary of Iran-Iraq war. Trump’s trade actions will continue weighing down […]

The Emerging Market Crisis Could Topple Oil Demand

It was November 2016. My colleagues and I convened to discuss our biggest and best ideas for the various markets in the years ahead. One of my ideas was “peak demand.” I believed  we could approach a point in a few years when global oil demand growth slows down. The world will not stop using […]

What does the future hold for energy demand?

There is no need to worry about oil demand … yet With the world’s population projected to rise to 10 billion people by 2050, from about 7.6 billion today, and with large parts of the world still to gain access to sustainable sources of energy, there will be no let up in demand for hydrocarbons […]

$100 Oil Is A Distinct Possibility

An oil price spike is starting to look increasingly possible, with a rerun of 2008 not entirely out of the question, according to a new report. The outages from Iran are worse than most analysts expected, and bottlenecks in the U.S. shale patch could prevent non-OPEC supply from plugging the gap. To top it off, […]

Oil could rise to $100 by 2019

Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore. A pump jack is seen at sunrise near Bakersfield, California October 14, 2014. REUTERS/Lucy Nicholson/File […]

Global Oil Demand to Peak at 104.4 million bpd by Mid 2030

World oil demand will peak at 104.4 million barrels per day (bpd) in the mid-2030s, up from just below the current 100 million bpd. This will be as a result of new technologies gradually eat into oil use, China’s Unipec said on Monday at the annual Asia Pacific Petroleum Conference (APPEC) in Singapore. Unipec President […]

The World’s Fragile Economic Condition

Where is the world economy heading? In my opinion, a large portion of the story that we usually hear about how the world economy operates and the role energy plays is not really correct. In this post (to be continued in Part 2 in the near future), I explain how some of the major elements […]

No sign of waning appetite for oil

Oil is so entrenched in the modern world that demand is still rising by up to 1.5 percent a year Of the almost 100 million barrels of oil consumed daily, more than 60 million bpd is used for transport LONDON: Global oil consumption will reach 100 million barrels per day (bpd) — more than double […]

Global Waste to Grow by 70 Percent by 2050

Without urgent action, global waste will increase by 70 percent on current levels by 2050, according to the World Bank’s new What a Waste 2.0:  A Global Snapshot of Solid Waste Management to 2050 report. Driven by rapid urbanization and growing populations, global annual waste generation is expected to jump to 3.4 billion tonnes over […]

Now near 100 million bpd, when will oil demand peak?

Sometime in the next few weeks, global oil consumption will reach 100 million barrels per day (bpd) – more than twice what it was 50 years ago – and it shows no immediate sign of falling. FILE PHOTO: Excess gas is burnt off at a pipeline at the Zubair oilfield in Basra, Iraq, May 9, […]

Our Innovation Civilization

ALL PEOPLE LIVE in a society, but fewer live in a civilization. The difference between a society and a civilization is the degree of innovation found in each. Since 1950, the West has been a civilization and not just a society. Today, I would roughly equate the West with the 35 countries that are members […]

China today is foreign oil dependent like Germany in WW2

The USA produced 70% of the oil in the world in WW2. 20% of the oil was produced by the Soviet Union. The British did not surrender and used its navy to blockade Germany’s oil imports. Germany imported 60% of its oil in 1939. In 1941, Germany only had 18% of the oil it had […]

‘Zero Emissions’ EVs Actually Run on Natural Gas

Last week was National Drive Electric Week and events were held in all 50 states to extol the virtues of electric vehicles (EVs). And EVs do have certain advantages that those who can practically take advantage of them enjoy: they tend to be cheaper to own, cheaper to maintain, they reduce carbon emissions, they – along […]

We’re Measuring the Economy All Wrong

Ten years after the collapse of Lehman Brothers, the official economic statistics — the ones that fill news stories, television shows and presidential tweets — say that the American economy is fully recovered. The unemployment rate is lower than it was before the financial crisis began. The stock market has soared. The total combined output […]

Could Oil Demand Peak in Just Five Years?

The Era of Oil is coming to a close but experts and corporate analysts disagree about just when that will happen. The time left before global demand for crude peaks is increasingly tightening, according to new projections from industry analysts. Two reports published this week point to an end of oil’s growth within the next […]

Amazon Is In The Oil Business And It Proves No Industry Is Amazon Proof

Amazon is now in the oil business. With the release of its Amazon Basics Synthetic Motor Oil, Amazon has effectively entered into an industry ripe for disruption. A report from Market Watch announced that shares of Valvoline Inc., sank 4.2% in premarket trading on Friday, September 14, after J.P. Morgan turned bearish on the engine […]

Way Past Time to Wean Ourselves Off Big Oil

The world needs kick its addiction to oil and other fossil fuels to stave off global warming and it’s not as impossible as the industry has made it seem, an international panel of civic leaders said at a climate change conference in San Francisco on Thursday. While coal has hit its peak as an energy […]

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