The new Pope Francis comes from Latin America and has an understanding of the true depths of poverty that is uncommon in the United States and Western Europe. Outside the very Western urban part of downtown Buenos Aires lie the barrios and the shantie… More »
Days of Promise Fade for Ethanol
MACON, Mo. — Five years ago, rural America was giddy for ethanol.
Backed by government subsidies and mandates, hundreds of ethanol plants rose among the golden fields of the Corn Belt, bringing jobs and business to… More »
We Must Defuse the Subsidy Time Bomb
As the global price of oil rises, Indonesia’s ability to afford its fuel subsidies will be severely tested.
The government is already under severe pressure to keep the budget deficit from ballooning and to revers… More »
Globalization seems to be looked on as an unmitigated “good” by economists. Unfortunately, economists seem to be guided by their badly flawed models; they miss real-world problems. In particular, they miss the point that the world is finite. We do… More »
Obama to announce plans to fund alternative fuel research
WASHINGTON — President Obama plans to announce Friday that he will ask Congress to create an energy security trust to fund research into alternatives to gasoline, according to senior White Hou… More »
US oil boom ‘protects world from supply shocks’
LONDON — SOARING US oil production should be enough to allow consumers withstand most potential supply shocks, the International Energy Agency (IEA) said on Wednesday, as it cut estimates for global oil… More »
Emerging Market Demand to Support Oil Prices, Goldman Sachs Says
Oil prices will be supported by emerging market demand, a lack of spare supply and improvements in transporting U.S. output, Goldman Sachs Group Inc. said.
Relatively low oil inventories… More »
With the death of the Venezuelan President Hugo Chavez, the future production and exports of Venezuelan crude are gaining a little new attention. I had noted in the last post that there is a difference of around 400 kbd between the 2.379 mbd that outs… More »
Big Social Costs Tallied in Regions With Scant Energy Access
This is why I keep saying that the “energy quest” that’s needed to smooth the human journey in this century has two faces — one figuring out how the haves can use energy more wisely, … More »
We Live In An Age Of Energy Abundance
What will it take for us to realise that the doom-mongers and peak-oil theorists are wrong, and that we live in an era of energy abundance?
We are not lacking in evidence. Over the past 20 years, global oil consum… More »
The Arctic is a less forgiving place than many folk care to recognize. Shell has just moved back the date on which they plan to restart drilling in the Chukchi Sea and won’t be going up there this year. At the same time, Gazprom announced last Augus… More »
US oil and gas boom takes many by surprise
The rapid growth in U.S. oil production has surprised even industry insiders.
Forecasts that once sounded far-fetched are becoming reality. The oil production boom had been expected, but the magnitude of chan… More »