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Eight insights based on December 2017 energy data
Eight insights based on December 2017 energy data BP recently published energy data through December 31, 2017, in its Statistical Review of World Energy 2018. The following are a few points we observe, looking at the data: [1] The world is making limited progress toward moving away from fossil fuels. The two bands that top fossil fuels that […]
In-depth: BP’s global data for 2017 shows record highs for coal and renewables
Yosu Gas ship on Huangpu river before the skyline of Pudong, Shanghai, China. Credit: Stephane ROUSSEL / Alamy Stock Photo. In-depth: BP’s global data for 2017 shows record highs for coal and renewables Renewable energy grew by the largest amount ever last year, while coal-fired electricity also reached a record high, according to new global […]
How much of the world’s energy is supplied by renewables?
How much of the world’s energy is supplied by renewables? BP and the International Energy Agency (IEA) measure the contribution of renewables to the global energy mix in terms of primary energy consumed while the World Bank estimates it in terms of final energy consumed. All three give different results, with BP estimating a total […]
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 […]
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 […]
This Is The Man Exxon Chose To Lead Its Effort Against Climate Science
This Is The Man Exxon Chose To Lead Its Effort Against Climate Science This DeSmog UK epic history post portrays Lee Raymond, the Texan captain who steered the Exxon ship against the rising tide of climate science. In 1997, BP’s British boss, John Brown, stunned the world by endorsing the science of climate change and calling for government regulation to reduce […]
BP makes $1bn loss as oil prices slump
BP makes $1bn loss as oil prices slump Company faces losses, share-price fall and more fines over Deeepwater Horizon spill with underlying profits likely to take a hit BP has crashed to a $1bn loss in the final quarter of the year as low oil prices and more writedowns hammered its results. Its chief executive, Bob […]
The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal | Zero Hedge
The Rigging Triangle Exposed: The JPMorgan-British Petroleum-Bank Of England Cartel Full Frontal | Zero Hedge. The name Dick Usher is familiar to regular readers: he was the head of spot foreign exchange for JPMorgan, and the bank’s alleged chief FX market manipulator, who was promptly fired after it was revealed that JPM was the bank coordinating the […]
