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Tag Archives: oil
Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed
Satellite Imagery Reveals China’s Strategic Petroleum Reserve Is Vastly Greater Than Disclosed At the end of August, we did a follow up article on what we believe is a far bigger marginal driver to the price of oil than OPEC production (which may or may not be reduced by up to 750kbpd in November), namely the Strategic […]
Welcome to the Age of Crappy Oil
Welcome to the Age of Crappy Oil It’s been a while since we’ve heard about peak oil—the point at which we use up half the world’s reserves and see production terminally decline—but it’s happening. And yet, we still have enough oil left to burn our way to climate catastrophe. In a paper released at the end of July, […]
Some reflections on the Twilight of the Oil Age (Part II)
Some reflections on the Twilight of the Oil Age (Part II) (Part I here) Part 2 – Enquiring into the appropriateness of the question Let’s acknowledge it, the situation we are in, as depicted summarily in Part 1, is complex. As many commentators like to state, there is still plenty of oil, coal, and gas left “in the […]
America’s “Soaring” Gasoline And Oil Demand Was Just An Illusion: How The EIA Fooled The Algos
America’s “Soaring” Gasoline And Oil Demand Was Just An Illusion: How The EIA Fooled The Algos When it comes to “real-time” measurements of crude demand and supply, the data is notoriously bad (and perhaps, according to some, intentionally manipulated). We pointed this out most recently in early March when we that according to IEA data, crude […]
Is The End In Sight For Alaska’s Oil Based Economy?
Is The End In Sight For Alaska’s Oil Based Economy? Alaska has long been one of the few U.S. states without an income tax. Thanks to its incredible bounty of natural resources, the state had more than enough cash coming in through oil company taxes and especially Prudhoe Bay production. All of that is starting […]
Turns out, OPEC Isn’t Dead Yet
Turns out, OPEC Isn’t Dead Yet In War for Market Share with US shale oil. Mayhem has crisscrossed the global oil markets since 2014: Huge losses for Big Oil, including teetering, over-indebted, state-owned giants like Mexico’s Pemex and Brazil’s Petrobras; bankruptcies among some of the smaller players; cuts in production in the US, Canada, and China where production […]
Top Obama Energy Official Says Administration Rejects “Keep It In The Ground” As Climate Strategy
Top Obama Energy Official Says Administration Rejects “Keep It In The Ground” As Climate Strategy “We’re certainly not advocating any strategy for reducing hydrocarbon emissions by keeping oil in the ground…that’s not a position.” This was the response of Christopher A. Smith when he was asked what he thought of the “growing movement of keeping oil […]
Why China Is Really Dictating the Oil Supply Glut
Why China Is Really Dictating the Oil Supply Glut Ship tracking data from Bloomberg shows that 83 supertankers carrying around 166 million barrels of oil are headed to China, which has stockpiled an impressive 787,000 barrels a day in the first quarter of 2016—the highest stockpiling rate since 2014. While the world was speculating about oil prices […]
Why the Saudi Princes are Panicked
Why the Saudi Princes are Panicked The Saudi deputy crown prince, Mohammed bin Salman, recently pulled the plug on an output freeze deal that was scheduled to have been signed by oil producers in Doha, Qatar. Since then, the press has been filled with the same story: Prince Mohammed was offended because Iran was a […]
Where did all the oil go? The peak is back
Where did all the oil go? The peak is back Solar power has grown exponentially and the target of 50 percent renewables by 2028 to avoid a 2C world is achievable An extensive new scientific analysis published in Wiley Interdisciplinary Reviews: Energy & Environment says that proved conventional oil reserves as detailed in industry sources are likely […]
China Stockpiling Oil At Highest Rate In Over A Decade
China Stockpiling Oil At Highest Rate In Over A Decade China might be in the midst of another round of stockpiling, stepping up crude oil imports to fill its strategic petroleum reserve (SPR). The slowdown in oil demand in China is one of the chief concerns regarding the state of oversupply in global oil markets. […]
The “Unequivocally” Divided States Of Canadian Consumers
The “Unequivocally” Divided States Of Canadian Consumers Canada has never been more divided. With Vancouver being taken over by the rich Chinese, and Calgary nearing depression, roles have been dramatically reversed across Canadian provinces as spending in non-energy-producing regions hits a record high relative spending in those dependent on oil… Home prices show the divide between Canada’s […]
