We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way.
Figure 1. Comparison of 2005 to 2011 percent change in real GDP vs percent change in oil consumption, both on a per ca… More »
2013 gasoline prices could hit record highs
After sending consumers into sticker shock the past month, how much more can gasoline prices climb?
Another 20 to 50 cents a gallon — a level that could propel the cost of gasoline, now $3.75 a gallon, to… More »
You know it is winter when Russia and Ukraine publically row about supplies of natural gas. On Tuesday Ukraine completed the signing of an agreement with Turkmenistan for the supply of natural gas. In the past the purchases have been for up to 36 billi… More »
Governments Look for New Ways to Pay for Roads and Bridges
Governments are struggling with good news that has a fiscal downside. Cars are becoming more efficient, alternative fuels are on the rise and people are driving less. That is good for the envi… More »
Direct threat to Canadian economy posed by U.S. shale oil production
EDMONTON – Remember Peak Oil, the theory that global crude oil supplies have peaked and are in irreversible, long-term decline?
The concept got a lot of media play but never really p… More »
Shale LPG Poised to Make U.S. Net Exporter for First Year
The U.S. is poised to become a net exporter of liquefied petroleum gases for the first year ever as shale-based energy production jumps, prompting new orders for specialized ships to haul propan… More »
The U.S. should take a cautious approach to exporting natural gas.
That’s the clear lesson of three decades of bad guesses by analysts about natural gas prices and supplies. If pro-export advocates are wrong this time, consumers and businesses will … More »
Before there were refrigerators folks kept drinks cool by putting them into clay jars that had been soaked in water. The evaporation of the water from the clay cooled the container and its contents, which today includes wine bottles. On the other hand… More »
Diesel shortage pushes Egyptians to the brink
Diesel supplies are drying up as a cash-strapped government struggles to cap a mounting bill for subsidies it has promised the IMF it will reform to secure an elusive $4.8 billion loan desperately needed t… More »
Ambani Says U.S. Will Be Energy Independent in 5-7 Years
Mukesh Ambani, the billionaire chairman of Reliance Industries Ltd., said that the U.S.’s development of shale oil and gas will make the country energy independent as early as 2018.
“For man… More »
Fuel industry envisions American energy independence as domestic production rises
The U.S. has discovered so much more energy than it thought it had that some now talk about the possibility for North American energy independence.
The reason? Advances … More »
Study: 66 Percent of Your Fill-Up Goes Into Oil Company Coffers
That new car you just bought? You’ll spend almost as much – if not more – filling it up as you paid at the dealer. And the majority of it will go directly into oil company’s pocket… More »