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Life, the Sea and Big Oil
Life, the Sea and Big Oil Photo by Glenn Beltz | CC BY 2.0 “It is a curious situation that the sea, from which life first arose, should now be threatened by the activities of one form of that life. But the sea, though changed in a sinister way, will continue to exist: the threat […]
Oil Traders, Supermajors Diverge On Demand Forecasts
Oil Traders, Supermajors Diverge On Demand Forecasts The world’s oil supermajors and largest oil trading companies are not in agreement on the future trends in oil demand, a recent event has revealed. This, although normal, should serve as a signal to everyone watching the oil industry that any forecasts on supply and demand, regardless how […]
Old Fields Die Hard
Old Fields Die Hard Oil is setting up for a turbulent year. In an industry that is always full of contradictions, 2018 has been a particularly complicated and divisive year for the global oil markets–and it looks like it won’t be letting up any time soon. For months, the Organization of Petroleum Exporting Countries (OPEC) […]
BP Sees Peak Oil Demand In 2030s
BP Sees Peak Oil Demand In 2030s BP says oil demand will peak in the 2030s, and that EVs will rise 100-fold to capture about a third of the car market. BP released its annual Energy Outlook, with forecasts through 2040. Unlike in years past, this version sees more upheaval on the horizon as the […]
From Shahs To The CIA: The History Of Western Intervention In Iran – Part 1
From Shahs To The CIA: The History Of Western Intervention In Iran – Part 1 “Once you understand what people want, you can’t hate them anymore. You can fear them, but you can’t hate them, because you can find the same desires in your own heart” – concluded Andrew Wiggins in the novel Speaker for the Dead. When Americans […]
The Terrible Oil News Nobody Noticed
The Terrible Oil News Nobody Noticed A terrible bit of news went unnoticed in the commotion amid the modest rebound in oil prices over the past two weeks. While every news outlet shouted about Iran and OPEC, a U.S. energy icon quietly announced news that could potentially shatter the industry. As I’ve explained recently, many oil companies […]
Oil and Gas Industry Publicly Supports Climate Action While Secretly Subverting Process, New Analysis Shows
Oil and Gas Industry Publicly Supports Climate Action While Secretly Subverting Process, New Analysis Shows A new report recently released by InfluenceMap shows a number of oil and gas companies publicly throwing their support behind climate initiatives are simultaneously obstructing those same efforts through lobbying activities. The report, Big Oil and the Obstruction of Climate Regulations, comes on the […]
The Exxons of agriculture
The Exxons of agriculture Credit: Pawel Kuczynski (http://www.pawelkuczynski.com). Read the media release about this report here It goes without saying that oil and coal companies should not have a seat at the policy table for decisions on climate change. Their profits depend on business-as-usual and they’ll do everything in their power to undermine meaningful […]
Global Oil Supply More Fragile Than You Think
Global Oil Supply More Fragile Than You Think Many oil companies had trimmed their budgets heading into 2015 to deal with lower oil prices. But the rebound in April and May to $60 per barrel from the mid-$40s suggested that the severe drop was merely temporary. But the collapse of prices in July – owing […]
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico
Greenwash: Shell May Remove “Oil” From Name as it Moves to Tap Arctic, Gulf of Mexico Shell Oil has announced it may take a page out of the BP “Beyond Petroleum” greenwashing book, rebranding itself as something other than an oil company for its United States-based unit. Marvin Odum, director of Shell Oil’s upstream subsidiary companies in the Americas, told Bloomberg the name Shell […]
BP Data Suggests We Are Reaching Peak Energy Demand
BP Data Suggests We Are Reaching Peak Energy Demand Some people talk about peak energy (or oil) supply. They expect high prices and more demand than supply. Other people talk about energy demand hitting a peak many years from now, perhaps when most of us have electric cars. Neither of these views is correct. The real situation […]
No, BP, the U. S. did NOT surpass Saudi Arabia in oil production
No, BP, the U. S. did NOT surpass Saudi Arabia in oil production Even the paper of record for the oil industry, Oil & Gas Journal, got it wrong. With the release of the latest BP Statistical Review of World Energy, media outlets appeared to be taking dictation rather than asking questions about which countries produced the […]
Why EIA, IEA, and BP Oil Forecasts are Too High
Why EIA, IEA, and BP Oil Forecasts are Too High When forecasting how much oil will be available in future years, a standard approach seems to be the following: Figure out how much GDP growth the researcher hopes to have in the future. “Work backward” to see how much oil is needed, based on how much […]
Union says U.S. refinery strike widened; cites unfair labor practices
Union says U.S. refinery strike widened; cites unfair labor practices (Reuters) – The United Steelworkers union said on Saturday the strike by U.S. refinery workers is expanding to two more plants early on Sunday due to unfair labor practices by oil companies. Walk-outs at BP Plc’s Whiting, Indiana, refinery and the company’s joint-venture refinery with […]
Bitter economic winds hasten oil industry’s retreat from the North Sea
Bitter economic winds hasten oil industry’s retreat from the North Sea Shell’s decision to begin dismantling operations in the famous Brent field is a striking example of the global impact of falling oil prices For one oil industry veteran, the dismantling of the Brent oil field in the North Sea prompts mixed feelings. There is […]
