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Tag Archives: oil and gas industry
Running Out Of Sweet Spots: Shale Growth May Not Materialize
Running Out Of Sweet Spots: Shale Growth May Not Materialize U.S. shale drillers are looking to boost production in the short term Industry data suggests that well depletion is advancing Drillers remain upbeat about the short term forecast for shale oil production During the last shale oil boom when producers were racing to see who […]
A Geology Insider Explains Why The Global Energy Crisis Is Going To Get Much, Much Worse
A Geology Insider Explains Why The Global Energy Crisis Is Going To Get Much, Much Worse It is becoming clear that we are in far more trouble than we are being told. In recent months, all forms of traditional energy have become significantly more expensive, and this is fueling price increases all over the planet. […]
Millions of Americans live near abandoned, toxic oil and gas wells. What does the government plan to do about it?
Millions of Americans live near abandoned, toxic oil and gas wells. What does the government plan to do about it? Stephen Foulger, an environmental scientist with the Utah Department of Environmental Quality, uses a Flir gas detection camera during an inspection of an oil pump site near Roosevelt on Wednesday, Dec. 1, 2021. Scott G Winterton, […]
‘The Big Stall’ details how neoliberal think tanks blocked action on climate change
‘The Big Stall’ details how neoliberal think tanks blocked action on climate change Donald Gutstein’s well-researched new book is a deep dive into the strategies that Canadian oil companies and their friends have implemented to prevent political action and reverse catastrophe. The Bill Stall: How Big Oil and Think Tanks are Blocking Action on Climate […]
The End Of Venezuela’s Oil Era
The End Of Venezuela’s Oil Era Venezuela, once Latin America’s largest oil producer and a founding member of OPEC, has seen its economically vital oil industry collapse triggering one of the worst economic and humanitarian crises of the century. The pain is far from over for Venezuela’s people and the country’s failing economy. Before 1920, […]
White House Debates Immediate, ‘Radical’ Action To Lower US Energy Prices
White House Debates Immediate, ‘Radical’ Action To Lower US Energy Prices The Biden administration is actively debating whether to immediately intervene to lower US energy prices, rather than letting markets ride and hope they settle, as the ‘most popular president in history’ grapples with soaring inflation amid trade and foreign policy matters, according to Bloomberg. A […]
Here to stay or gone in 30 years? Inside the fight over the future of the oil industry
Here to stay or gone in 30 years? Inside the fight over the future of the oil industry The people who made their fortunes in the oil capital of Europe need a new plan. For decades, Aberdeen, a port city on Scotland’s northeast coast, has served as the commercial gateway to the North Sea, where powerful […]
Energy Demand Destruction Will Lead To Global Recession, Tellurian Chairman Warns
Energy Demand Destruction Will Lead To Global Recession, Tellurian Chairman Warns One month ago, Goldman said that the one thing that could accelerate the resolution of Europe’s energy crisis was plain, simple “demand destruction” – i.e., a plunge in demand due to prices that were too high until the reduced demand leads to less supply and a […]
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues
Global Food Prices Set To Soar As The Oil And Gas Crunch Continues Oil and gas prices have risen dramatically this year as a result of underinvestment and recovering demand. Higher fuel prices are weighing on global food supply chains, with transportation and farming costs continuing to climb. The hardest hit will, once again, be […]
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script
Hit by Shortages, Vehicle & Parts Production Plunged to Lowest since Lockdown. Oil & Gas Has New Script Industrial production over the long term is a sad sight, powered by offshoring. Industrial production – manufacturing output, oil-and-gas extraction, mining, and gas and electric utilities – fell 1.3% in September from August, pushed down by production […]
Renewables Need Big Oil To Thrive
Renewables Need Big Oil To Thrive We need the expertise, experience, and financial backing of Big Oil to drive wind energy forward in the U.S., following years of strong investments from oil firms across the country kickstarting the industry. As activists and international agencies continue to criticize Big Oil for its role in climate change and […]
Why Norway Won’t Give Up On Oil & Gas
Why Norway Won’t Give Up On Oil & Gas Norway doesn’t have any second thoughts about oil exploration and investment in light of the International Energy Agency’s (IEA) report suggesting that no new fossil fuel exploration would be needed for a net-zero world. Western Europe’s biggest oil and gas producer is doubling down on oil […]
Has OPEC finally won the war against shale oil?
Has OPEC finally won the war against shale oil? I have maintained for the past six years that a key goal of OPEC has been to so demoralize investors in shale oil that they stop sending money to the companies that drill for it. As I’ve written previously, I believe that OPEC’s contest with the shale […]
