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 »
‘Peak oil’ doomsayers proved wrong
Washington (CNN) — Remember “peak oil”?
Five years ago, some oil market speculators became convinced that the world was nearing the limits of oil production. Sometime soon — the 2010s? the 2020s? — oil production … More »
Pena Nieto Pushes Mexico’s Ruling Party to End Pemex Monopoly
Mexican President Enrique Pena Nieto is poised this weekend to gain support from his party to end a 75-year-old state monopoly in the oil industry, marking a breakthrough for his growth pl… More »
Energy policy shifting as abundance replaces scarcity: Obama adviser
WASHINGTON (Reuters) – As U.S. oil and natural gas production booms, the Obama administration’s energy policy has been “fluid” by necessity to adapt to the huge economic opportunities… More »
Our energy system is evolving due to depletion of cheap fossil fuels and the need for carbon emission constraints. Government and business are under pressure to tackle the energy challenges of rising energy costs, energy security, and reducing greenhou… More »
The following article by Robert Rapier originally appeared on his R-Squared Energy column at Energy Trends Insider, where he serves as Managing Editor and Director of Analysis.
Sailors assigned to Riverine Group 1 conduct maneuvers aboard Riverine Comm… More »
Gas price spikes don’t leave lasting economic damage
The recent run-up in gasoline prices has some economists – including Federal Reserve Chairman Ben Bernanke – worried about the impact on consumer spending and the economy.
It’s a perennial con… More »
All across Europe, feed-in tariffs and subsidies for solar power are being cut or even scrapped. In Portugal and Spain, these actions are justified with the debt crisis, even though they expand these states’ trade deficit. This month the Spanish govern… More »
Randy Udall – The shale phenomenon: fabulous miracle with a fatal flaw
In 2000, the experts were unanimous: American oil and gas production was in terminal decline. By 2015, it was said, we’d need 10 supertankers a day, carrying 12 million barrels o… More »
As Michael Brander tells it in his book on the Scottish Highland Regiments, the Scottish Highlands produced, between 1740 and 1815, men for some 86 Highland Regiments who travelled around the world to strengthen the British Empire. But towards the end … More »
U.S. Oil Demand Fell to 18-Year Low for January, API Says
U.S. January oil demand fell to the lowest level for the month in 18 years as a weak economy reduced consumption, the American Petroleum Institute reported.
Total petroleum deliveries, a measur… More »