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Oil Price Crash Sparks A Wave Of Banking Mergers In The Middle East
Oil Price Crash Sparks A Wave Of Banking Mergers In The Middle East The historic oil price crash and Covid-19 pandemic have left major producers of the commodity in a deep economic crisis. Dramatic production cuts by OPEC+ has exacerbated the situation by further lowering export inflows for economies that depend heavily on oil dollars. […]
Peak oil in Asia Update June 2020 (part 1)
Peak oil in Asia Update June 2020 (part 1) Fig 1: Asian oil consumption is around 5 times higher than production The production decline after the peak in 2015 is very modest. The size of the gap between consumption and production is mainly determined by consumption growth rather than by production decline. Will the Corona […]
Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit
THE “NEW NAFTA” Mexico State Oil Company Files $22 Billion Debt Swap amid IMF Threats and White House Visit Mexico’s economy is put in the crosshairs by the IMF as the “new NAFTA” takes effect and AMLO is forced to make concessions to avoid an even deeper recession. Mexico’s president, Andres Manuel Lopez Obrador, known […]
The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas
The Great American Shale Oil & Gas Massacre: Bankruptcies, Defaulted Debts, Worthless Shares, Collapsed Prices of Oil & Gas The bankruptcy epicenter is in Texas. The Great American Oil Bust started in mid-2014, when the price of crude-oil benchmark WTI began its long decline from over $100 a barrel to, briefly, minus -$37 a barrel […]
Why America Won’t Be ‘Great’ Again
Why America Won’t Be ‘Great’ Again They called him the ‘Little Emperor’. Romulus Augustus — better known as Romulus ‘Augustulus’ (‘Little Augustus’) — was the last Western Roman Emperor. He assumed the throne at the age of 16 during a period of unprecedented strife. There had been 8 emperors in the previous 20 years. Like his […]
By Many Calculations, LNG Is a Fail for BC: Report
By Many Calculations, LNG Is a Fail for BC: Report The math for liquefied natural gas is bad on emissions, revenues, jobs, even offsetting coal in China, finds a new study. David Hughes, one of the nation’s foremost energy analysts, has a simple message for the governments of British Columbia and Canada when it comes to […]
Huge Debt Payments Come At Worst Time Possible For Canadian Drillers
Huge Debt Payments Come At Worst Time Possible For Canadian Drillers The collapse in oil prices has significantly deteriorated Canada’s oil companies’ finances and has made repaying their debt more challenging. Over the past decade, Canadian firms have borrowed money to survive the previous oil crisis of 2015-2016 and boost production post-crisis. But now the second […]
How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice
How We Got Here: the Global Economy’s 75-Year Stumble to the Precipice Not only will there not be a recovery, but there can’t be a recovery, as those brittle extremes have been lost for good. How did the global economy end up teetering on a precarious financial precipice? To formulate a cogent answer, let’s take a […]
The World’s Most Important Oil Consumers And Producers
The World’s Most Important Oil Consumers And Producers Following last week’s release of the BP Statistical Review of World Energy 2020, I began to review and analyze the data. Today I take a deeper dive into the numbers on petroleum. Oil accounts for a third of the world’s energy consumption. That is the greatest share for any […]
Nuclear powered airplanes, cars, and tanks
Nuclear powered airplanes, cars, and tanks Preface. After all the research I’ve done on rebuildable, not renewable wind and solar, hydrogen, batteries, and other Green dreams of an endless future of growth based on them, I’ve come to see them as just as likely as nuclear airplanes and cars. Not going to happen. *** Nuclear […]
Natural Gas Price Plunge Could Soon Lead To Shut-Ins
Natural Gas Price Plunge Could Soon Lead To Shut-Ins Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers. The factors afflicting the gas market are multiple. Prices had already fallen below $2/MMBtu at the start of 2020, weighed down by oversupply. But it wasn’t a […]
Can Geothermal power make up for declining fossil fuels?
Can Geothermal power make up for declining fossil fuels? Preface. Geothermal power plants are cost justified only in places where volcanic or tectonic activity brings heat close to the surface, mainly in “ring of fire” nations and volcanic hot spots like Hawaii. Even then drilling can only be done where the rocks below are fractured […]
Chesapeake Files For Bankruptcy, Wiping Out $7 Billion In Debt And Any Existing Equity Value
Chesapeake Files For Bankruptcy, Wiping Out $7 Billion In Debt And Any Existing Equity Value After years of melting, the Chesapeake icecube is finally history: at exactly 350pm on Sunday afternoon, the company that launched the US shale boom, finally gave up and filed for a pre-packaged bankruptcy in the Southern District of Texas. In […]
