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IEA: The Oil Glut Is Going Nowhere
IEA: The Oil Glut Is Going Nowhere Global oil markets will remain well supplied this year, with a possible overhang of some 1 million bpd, the head of the International Energy Agency, Fatih Bitol, told Reuters.close [x]ReplayUnmuteLoaded: 0%Progress: 0%Remaining Time -0:00CaptionsFullscreen “Non-OPEC production is very strong. We still expect production coming from, not just United States, but also […]
Low Gas Prices Crush Appalachia Shale Boom
Low Gas Prices Crush Appalachia Shale Boom Low natural gas prices have finally brought the decade-long shale gas boom in Appalachia to a halt.close Gas production in Appalachia declined by about 1 billion cubic feet per day (Bcf/d) over the past 30 days, bringing output down to an average of 32.7 Bcf/d, according to S&P Global […]
2020 Will Be A Crucial Year For Oil
2020 Will Be A Crucial Year For Oil It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever. Will OPEC+ extend its cuts? Will U.S. shale finally grind to a halt? Is this the “year of the electric vehicle”? Here are 10 stories to watch […]
Russia Halts Oil Supply To Key European Transit Hub
Russia Halts Oil Supply To Key European Transit Hub Russia has halted oil supplies to Belarus amid a disagreement over tariffs, according to officials at a Belarusian oil refinery in the northern city of Navapolatsak. The officials told RFE/RL that the shipments stopped on January 1 and the facility is currently processing only Russian oil […]
Burn, Pay, Or Shut It Down: Three Evils For Permian Drillers
Burn, Pay, Or Shut It Down: Three Evils For Permian Drillers There was a time when natural gas was a welcomed byproduct of crude oil drilling, and drillers in the prolific Permian basin enjoyed this consolation prize–at least when natural gas prices were on the rise. All good things come to an end, though, and […]
Germany Aims To Close All Nuclear Plants By 2022
Germany Aims To Close All Nuclear Plants By 2022 Germany is going forward with its plan to phase out nuclear reactors by 2022 as another nuclear power plant is going offline on December 31. Power company EnBW has said that it would take the Philippsburg 2 reactor off the grid at 7 p.m. local time on New […]
Marcellus Shale
Marcellus Shale There have been some signs the shale boom that re-energized America’s domestic energy industry a few years back, might be entering a maturing phase of its development. A phase where weaker players would hit a debt wall or be bought out at discounted value. A phase where, companies with cash who might have […]
The Human Cost of the EV Revolution
The Human Cost of the EV Revolution There’s a chance that the iPhone you’re about to get for Christmas contains cobalt mined by a six-year-old. There’s also a chance that that six-year-old has been killed or maimed in the processes of mining in the Democratic Republic of Congo, where the lion’s share of the world’s […]
From Boom To Bust: Permian Shale Towns Face Exodus
From Boom To Bust: Permian Shale Towns Face Exodus Perhaps it’s not evident to anyone who is not an oil-worker living in America’s biggest shale towns, but signs of the shale slowdown predicted by many analysts, and the EIA itself, are already surfacing in the form of vacant hotels, a dip in home prices, a […]
China Quietly Ramps Up Oil Production In Iran
China Quietly Ramps Up Oil Production In Iran The supergiant Azadegan oil field, comprising major north and south sites, is as important to Iran’s overall strategic plan to survive the current sanctions environment and to prosper when they are lifted as the flagship South Pars supergiant gas field and the added-value products of its petrochemicals […]
The Fatal Flaw In A Perfect Energy Solution
The Fatal Flaw In A Perfect Energy Solution More than thirty years ago a giant tower was built in Manzanares, Spain, to produce electricity in a way that at the time must have seen even more eccentric than it seems now, by harnessing the power of air movement. The Manzanares tower was, sadly, toppled by […]
Eastern Europe Is Turning Into An Energy Battleground
Eastern Europe Is Turning Into An Energy Battleground Bulgaria has agreed to allow NATO to use its Black Sea port for naval coordination efforts as tensions rise between the Western military alliance and Russia. The agreement was reached following a meeting between U.S. President Donald Trump and Bulgarian Prime Minister Boyko Borisov at the White […]
BIGGEST BREAKTHROUGH IN ENERGY: Petroteq Losses Nearly 90% Of Its Value Since Last Report
BIGGEST BREAKTHROUGH IN ENERGY: Petroteq Losses Nearly 90% Of Its Value Since Last Report Every day a new sucker is born. That’s precisely why companies like Petroteq exist. Since I exposed Petroteq back in March 2018, the company has lost nearly 90% of its value. However, that hasn’t stopped the company from issuing new stock […]
The Top 5 Ways We Use Oil & Gas
The Top 5 Ways We Use Oil & Gas If climate change and the use of fossil fuels is starting to worry you, consider this: The lion’s share of the petroleum in the United States is being used just to get around–to get people and things from point A to point B. Industrial, residential, commercial […]
The EIA Is Grossly Overestimating U.S. Shale
The EIA Is Grossly Overestimating U.S. Shale The prevailing wisdom that sees explosive and long-term potential for U.S. shale may rest on some faulty and overly-optimistic assumptions, according to a new report. Forecasts from the U.S. Energy Information Administration (EIA), along with those from its Paris-based counterpart, the International Energy Agency (IEA), are often cited […]
