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Can U.S. Nuclear Plants Operate For 80 Years?
Can U.S. Nuclear Plants Operate For 80 Years? The nuclear industry in the United States has been at a standstill for several decades. After an extraordinary wave of construction in the 1960s and 1970s, the nuclear industry ground to a halt. A confluence of events killed off new construction, including high interest rates, cost overruns, […]
More Job Losses Coming to U.S. Shale
More Job Losses Coming to U.S. Shale With the recently concluded nuclear deal between Iran and the P5+1 countries, oil prices have already started heading downward on sentiments that Iran’s crude oil supply would further contribute to the already rising global supply glut. The economic crisis in Greece, OPEC’s high production levels and China’s market […]
Why Energy Efficiency is the Cheapest Form of Energy
Why Energy Efficiency is the Cheapest Form of Energy For a subject that more often than not draws blank stares at dinner parties, energy efficiency has an uncanny ability to provoke controversy among analysts and policy makers alike. The latest study to dispute its benefits has once again ignited a debate between those who question […]
Oil Price Rebound Looking Unlikely
Oil Price Rebound Looking Unlikely Oil prices may have firmed up a bit this spring, but we could be heading into another protracted period of weak prices. First there are the demand risks. The Chinese stock market turmoil raises serious concerns over a potential financial crisis, which, needless to say, would be negative for oil prices. The […]
EIA Confirms: Oil Production Peaked
EIA Confirms: Oil Production Peaked U.S. oil production has peaked…at least for now. That is the conclusion from a new government report that concludes that U.S. oil production is on the decline. After questions surrounding the resilience of U.S. shale and when low oil prices would finally cut into production, the EIA says the month […]
This Week In Energy: Oil Prices Hinge On Two Financial Crises
This Week In Energy: Oil Prices Hinge On Two Financial Crises It has been an eventful week. Two major financial crises are destroying the bullish case for oil. The Greek crisis continues, although there are signs that some semblance of a solution is at hand. Europe had demanded a new proposal and set this Sunday […]
Oil Price Plunge Raises Fears for Indebted Shale Companies
Oil Price Plunge Raises Fears for Indebted Shale Companies The latest fall in oil prices is once again putting pressure on indebted shale companies. After falling from over $100 per barrel down to $43 per barrel at its lowest point in March of this year, WTI prices rebounded with a 40 percent rise, trading for more or […]
OPEC Still Holds All The Cards In Oil Price Game
OPEC Still Holds All The Cards In Oil Price Game Traders were busy throwing in the towel on oil futures this week just as the first solid data and hope appeared that oil prices may be starting on the long road to recovery. As oil prices approached $52 per barrel on Tuesday, July 7, the […]
Midweek Sector Update: Oil Prices Crash Again – Another Downturn Ahead?
Midweek Sector Update: Oil Prices Crash Again – Another Downturn Ahead? We had warned over the past few weeks that there was an outside chance that the Greek crisis would infect oil markets, and over the weekend Greek voters ensured that it did. With an overwhelming “no” vote, just about every corner of Greece voted against Europe’s […]
Indiana Jones, Beyoncé, And Saudi Oil Production
Indiana Jones, Beyoncé, And Saudi Oil Production Thirty-four years ago today, Indiana Jones was the number one movie at the box office with ‘Raiders of The Lost Ark.’ 1981 was also the year in which Beyoncé was born. These two reference points are just to highlight how long ago 1981 was (even if a swashbuckling […]
Russia Taking Full Advantage Of Greek Crisis
Russia Taking Full Advantage Of Greek Crisis With Greece’s debt situation spiraling downwards, the European project is showing some cracks. The July 5 referendum could amount to a vote on whether or not Greece stays in the euro. In the meantime, the turmoil offers an opportunity for Russia to advance its interests. Of course, the […]
Bearish News For Oil Growing By The Day
Bearish News For Oil Growing By The Day Oil hit its lowest point in two months on July 1, falling on a combination of market turmoil and bearish oil figures. WTI dipped below $57 and Brent dropped to around $62 per barrel, breaking out of a narrow range within which the two benchmarks have been […]
Is Saudi Arabia Leaving The U.S. Behind For Russia?
Is Saudi Arabia Leaving The U.S. Behind For Russia? The news from the recent St. Petersburg Economic Forum, which took place from June 18 to 20, inspired a torrent of speculation on the future direction of energy prices. But the real buzz at the conference was the unexpected but much publicized visit of the Saudi […]
EIA Data Still Doesn’t Add Up
EIA Data Still Doesn’t Add Up As initially pointed out by Peakoilbarrel.com in a recent article, discrepancies between actual data for oil production in Texas vs. what the EIA claims are so stark it’s almost scary. How this can be overlooked by the mainstream media as well as by most of the broker community is even […]
Current Oil Price Slump Far From Over
Current Oil Price Slump Far From Over The oil price collapse of 2014-2015 began one year ago this month (Figure 1). The world crossed a boundary in which prices are not only lower now but will probably remain lower for some time. It represents a phase change like when water turns into ice: the composition […]
