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Petro Currencies Under Fire As Oil Keeps Sliding
Petro Currencies Under Fire As Oil Keeps Sliding Low oil prices put pressure on the budgets of major oil producing countries in 2015, but the next domino to fall could be their currencies. Petro-economies with flexible exchange rates have already seen double-digit declines in the value of their currencies over the past year, in percentage […]
What Comes After The Commodities Bust?
What Comes After The Commodities Bust? The days of E&P companies using external debt financing to fuel growth have most likely come to a close. The one thing executives should have learned in 2015 is that Wall Street can for long periods of time remain disconnected from fundamentals and can swing to extremes. Another lesson […]
The New Cartel Running the Oil Sector
The New Cartel Running the Oil Sector As oil prices wallow near multi-year lows, it’s becoming increasingly clear that the new cartel controlling oil prices is not OPEC but world credit markets. From Saudi Arabia’s record $100 billion deficit to shale oil’s continuing reliance on cheap credit funding, it’s clear that no major oil producer or company in the […]
Are Solar Panels Lifespans As Long As Industry Claims?
Are Solar Panels Lifespans As Long As Industry Claims? The success of solar has really been a case of successful innovations in financing as much as successful innovations in technology. As with some many other major capital expenditures consumers have traditionally had a hard time paying for rooftop solar systems up front. With system costs […]
America’s Top Shale Gas Basin in Decline
America’s Top Shale Gas Basin in Decline The natural gas drilling frenzy is grinding to a halt, as the industry struggles with excess supply. Natural gas prices have plunged to their lowest levels in more than a decade this month, dipping below $1.80 per million Btu (MMBtu). The shale gas revolution is an old story […]
Just About Every Part of the Permian Basin is Unprofitable at $30 Per Barrel
Just About Every Part of the Permian Basin is Unprofitable at $30 Per Barrel Less than 2 percent of Permian basin tight oil wells are commercial at $30 per barrel oil prices. Sorry about that. I know that many believe that U.S. shale and tight oil plays are commercial even at current low oil prices […]
Government Influence Over Asset Prices Growing
Government Influence Over Asset Prices Growing Where most analysis on oil markets tends to fall short is on the depth of analysis vs. reading headlines and group think, the latter of which is heavily shaped by misinformed media and government propaganda. The facts are OECD stocks have fell in October, not increased. That runs against […]
Renewable Energy Bankruptcy Threatens Spanish Banks
Renewable Energy Bankruptcy Threatens Spanish Banks In another sign of the turbulent times for the renewable energy sector, Spain’s Abengoa has declared bankruptcy. The bankruptcy is notable for several reasons. First, it suggests how difficult the transition from conventional energy firms to solvent and stable renewable energy companies will be. Second, it shows how connected the […]
Other Energy Companies Accused Of Downplaying Climate Change
Other Energy Companies Accused Of Downplaying Climate Change A growing number of energy companies could come under increased scrutiny over their involvement in funding science and public relations campaigns denying the risks of climate change. The New York attorney general made news a few weeks ago when he announced an investigation into oil major ExxonMobil […]
Oil Prices Down As Storage Keeps On Filling Up
Oil Prices Down As Storage Keeps On Filling Up Happy Thanksgiving Eve! One hundred and forty-eight years to the day after Alfred Nobel patented dynamite, and the fuse has been lit for an explosion to the downside for the crude complex. After geopolitical tension was stoked yesterday, attention shifts back to oversupply today with the […]
Shale Gas Rig Count Could Implode Here If Prices Don’t Rebound
Shale Gas Rig Count Could Implode Here If Prices Don’t Rebound The Haynesville Shale play needs $6.50 gas prices to break even. With natural gas prices just above $2/Mcf (thousand cubic feet), we question the shale gas business model that has 31 rigs drilling wells in that play that cost $8-10 million each to sell gas at […]
Oil Prices Testing August Lows As Inventories Swell
Oil Prices Testing August Lows As Inventories Swell As Mike D from the Beastie Boys turns fifty today, WTI is trying to fight for its right to party on in forty-dollardom. (but failing). Brent is being more successful in trying to ‘get it together’, holding somewhat steady, but the ongoing swelling-inventory, tanker traffic-jammed nature of […]
Poor Quarter for Canada’s Oilfield Services
Poor Quarter for Canada’s Oilfield Services It was a jungle out there for the Canadian oilfield services (OFS) industry in the third quarter of the current fiscal year ended September 30, 2015. For a group of 25 diversified, publicly traded Canadian OFS companies, combined revenue declined 38.5 percent from $6.6 billion in 2014 to only […]
OPEC’s Bad Bet By The Numbers
OPEC’s Bad Bet By The Numbers What will happen to the economic fortunes of OPEC members if it turns out the Saudis and their Gulf Arab allies (UAE, Kuwait, and Qatar) bet on the wrong horse in November 2014? With the wager Saudi Oil Minister Al al-Naimi announced on market forces as the cure for […]
Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry
Saudis Planning For A War Of Attrition In Europe With Russia’s Oil Industry Russia’s central bank recently warned about the growing financial risks to the Russian economy from Saudi Arabia encroaching upon its traditional export market for crude oil. Russia sends 70 percent of its oil to Europe, but Saudi Arabia has been making inroads […]
