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U.S. Doubles Down On Ethanol Despite Glut
U.S. Doubles Down On Ethanol Despite Glut Despite finding itself the midst of a massive glut, the United States ethanol industry is set to see three new plants come online over the next year, adding a combined annual production of 270 million gallons to the nation’s already ballooning ethanol oversupply. The industry has been plagued […]
Petro-States Face Extinction
Petro-States Face Extinction Petro-states urgently need to begin diversifying their economies, shifting away from oil production, or else they face financial risks in the years ahead. That conclusion comes from the IEA’s new report, “Outlook for Producer Economies,” which warns that a changing energy system threatens the economies of oil-producing countries. The threat comes in […]
The Great Biofuel Swindle
The Great Biofuel Swindle Over the past decade, “biofuel” has been a major buzz word in the world of clean energy and environmental science. As the topic of advanced biofuels continued to trend over the years, investments and studies ballooned accordingly. Now, however, with a bit of hindsight it has become clear that the vast […]
Why Is Canadian Crude Selling For $20?
Why Is Canadian Crude Selling For $20? Oil prices in Canada plunged late last month, with the losses continuing throughout much of October. Canadian oil producers exposed to the low prices are now fetching around $40 to 50 per barrel less than their counterparts in the United States. Western Canada Select (WCS), which tracks heavy […]
China’s Oil Addiction Is Its Main Weakness As A Superpower
China’s Oil Addiction Is Its Main Weakness As A Superpower For decades, the U.S. was so reliant on foreign crude oil imports that it dictated much of the country’s foreign policy spanning numerous presidential administrations. As far back as the 1970s, especially after the 1973-74 Arab oil embargo that threatened economic survival, foreign policy decisions […]
Big Oil Walking A Tightrope As Prices Rise
Big Oil Walking A Tightrope As Prices Rise Supermajors have had a great year so far, and their third-quarter results, to be released over the next couple of weeks, are likely to strengthen this impression. But this does not necessarily mean that investors will reward them. Investors have become a lot more careful in the […]
This Alliance Could Mark A New Era For Oil
This Alliance Could Mark A New Era For Oil Saudi Arabia and Russia could formalize a strategic partnership that would last indefinitely, potentially marking a new era for the oil market. In a wide-ranging interview with TASS, Saudi oil minister Khalid al-Falih said that he hopes to setup an official OPEC+ governing body, including a […]
U.S. Shale Has A Glaring Problem
U.S. Shale Has A Glaring Problem Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit. A new report from the Institute for Energy Economics and Financial Analysis […]
The Biggest Winners In The Mediterranean Energy War
The Biggest Winners In The Mediterranean Energy War Former Vice-President of the United States Dick Cheney once said: “the good lord didn’t see fit to put oil and gas only where there are democratically elected states… Occasionally we have to operate in places where, all considered, one would not normally choose to go. But we […]
BP CEO: $80 Oil Is Unhealthy For The World
BP CEO: $80 Oil Is Unhealthy For The World Oil prices at $80 a barrel are too high and unhealthy for the world today, Bob Dudley, the chief executive of UK supermajor BP, said on the sidelines of an event on Friday. “There’s a healthy price for oil and energy and I believe that balances […]
Are Claims Of Peak Oil Production In Russia Overblown?
Are Claims Of Peak Oil Production In Russia Overblown? Russian authorities have announced that domestic oil production hit 11.36 million barrels per day (bpd), on average, in September (Vedomosti, October 2). This marks a new historic peak, reached despite the often-cited poor shape of the Russian economy and negative impact of Western sanctions, not to […]
Oil Markets Tremble As Chinese Stocks Crash
Oil Markets Tremble As Chinese Stocks Crash China’s stock market fell sharply on Thursday, dragged down by a range of concerns that should offer a warning to the broader global economy. The Shanghai Composite Index fell nearly 3 percent on Thursday, falling to its lowest point in nearly four years. The problems in China are […]
Saudi Arabia Calls The End Of Russia’s Oil Prowess
Saudi Arabia Calls The End Of Russia’s Oil Prowess Saudi Arabia has not only called the end of Russia’s prominence as a global oil behemoth, but anticipates that Russia’s oil exports “will have declined heavily if not disappeared” within the next 19 years, Mohammed bin Salman said in a recent interview with Bloomberg. When asked […]
The Implications Of A Fractured U.S., Saudi Alliance
The Implications Of A Fractured U.S., Saudi Alliance After the resurgence of the U.S. oil industry in recent years due to hydraulic fracking and the shale oil revolution, most thought the days of Middle Eastern oil producers, Saudi Arabia in particular, being able to threaten use of the so-called oil weapon as geopolitical leverage or […]
