Home » Posts tagged 'oil' (Page 16)
Tag Archives: oil
The Trend is Not Your Friend
The Trend is Not Your Friend The be-Muellered, bothered, and bewildered American public may find US-China trade talks about as interesting as a rain delay in an Orioles-Chisox game, but the Friday collapse of negotiations may be marked by historians as the day that the global economy died. The Big Box blue-light-special orgy of bargain […]
Oil Jumps After Saudis Admit Two Tankers Attacked As Iran Tensions Soar
Oil Jumps After Saudis Admit Two Tankers Attacked As Iran Tensions Soar The bizarre and mysterious explosions that rocked the UAE port of Fujairah on Sunday just got even more strange after Saudi Arabia admitted overnight that two of its oil tankers were attacked while sailing toward the Persian Gulf possibly as part of the incident. Crude prices quickly jumped […]
Renewables Are Dead
Renewables Are Dead If I’ve said once that those among us who tout renewable energy should pay more attention to the 2nd law of Thermodynamics, I must have said it a hundred times. But I hardly ever get the impression that people understand why. And it seems so obvious. A quote I often use from […]
Why Your Gasoline Won’t Take You As Far As it Used To
Why Your Gasoline Won’t Take You As Far As it Used To Over the weekend, I saw a passing reference on Twitter to the declining energy content of gasoline. Intuitively I know this to be correct for reasons I discuss below. But the poster linked to data from the Energy Information Administration (EIA) that I hadn’t […]
Oil Tumbles After Trump Says “He Called OPEC, Gas Prices Are Coming Down”
Oil Tumbles After Trump Says “He Called OPEC, Gas Prices Are Coming Down” WTI crude futures have tumbled back to a $63 handle, breaking a key technical support, following President Trump comments that he has called OPEC and “gasoline prices are coming down.” The last 107 days have seen an almost unprecedented surge in gas prices […]
Trump Kicks the Sanctions Can on Iran Oil
Trump Kicks the Sanctions Can on Iran Oil Sanctions on Iran have failed. The weakness of the U.S. position in the oil markets is now complete. Donald Trump’s Energy Dominance strategy has failed. The announcement by Secretary of State Mike Pompeo (R – The Eschaton) that no more sanctions waivers will be granted to importers […]
Mapping The Countries With The Most Oil Reserves
Mapping The Countries With The Most Oil Reserves There’s little doubt that renewable energy sources will play a strategic role in powering the global economy of the future. But, as Visual Capitalist’s Jeff Desjardins notes, for now, crude oil is still the undisputed heavyweight champion of the energy world. In 2018, we consumed more oil than any prior year […]
Life imitates art: Norway rejects oil prospecting in sensitive Arctic islands
Life imitates art: Norway rejects oil prospecting in sensitive Arctic islands In what seemed like an episode of the Norwegian television drama Occupied, Norway’s largest political party joined smaller ones in the nation’s parliament to prevent oil exploration in the scenic Lofoten archipelago. The Labor Party’s environmental wing made climate change and scenic beauty big issues. Unlike another […]
Smart Money Is Piling Into Oil
Smart Money Is Piling Into Oil Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector. The most recent factor is the sudden eruption of the long simmering feud in Libya between rival factions. The attack on Tripoli by the Libyan […]
The geopolitics of oil in the Trump era
The geopolitics of oil in the Trump era The United States have become the leading world producer of hydrocarbons. As from now, they are using their dominant position exclusively to maximise their profits, and do not hesitate to eliminate their major rivals in oil production, plunging their citizens into misery. Although in the past, access […]
The Russians are coming (and they’re bringing oil)
The Russians are coming (and they’re bringing oil) As America’s Russia hysteria is stirred once again by the arrival of the long-awaited report of the U.S. Department of Justice on Russian meddling in the 2016 presidential election, a surge in Russian oil imports has arrived on America’s shores. The surge was little noticed by what passes […]
U.S. ‘’Oil Weapon’’ Could Change Geopolitics Forever
U.S. ‘’Oil Weapon’’ Could Change Geopolitics Forever In a dynamic that shows just how far U.S. oil production has come in recent years, the U.S. Energy Information Administration (EIA) said on Monday that in the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported. Monthly net trade of crude oil […]
Oil Rises As Saudi Extends Production Cuts Through April
Oil Rises As Saudi Extends Production Cuts Through April President Trump isn’t going to like this. Offering the first indication that the OPEC+ cartel of major oil exporters intends to extend cuts, Saudi Arabia has reportedly told its clients that they will receive significantly less oil than they had requested in April, extending deeper-than-agreed oil […]
The Real New Deal
The Real New Deal While we’re on the issue of the Green New Deal, here’s an article by Dr. D. with an intro by Dr. D., one he sent me in the mail that contained the actual article, and that I think shouldn’t go to waste. I hope he agrees. Waste being the key term […]
Flirting With Disaster: the Return of Offshore Drilling
Flirting With Disaster: the Return of Offshore Drilling Photograph by TheConduqtor It’s been decades since a fisherman out of Montauk on Long Island told me about seeing a ship in the Atlantic Ocean east of Long Island similar to those he had seen searching for oil in the Gulf of Mexico when he was a […]
