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Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah
Here’s the Fracking Truth About America’s Last Fossil-Fueled Hurrah In order to recover the abundance of these fuels that the EIA claims will be there for the taking, between now and 2050 the industry will need to drill something on the order of 700,000 new wells at a total cost of over $5 trillion. As […]
The International Energy Agency has Joined the Conspiracy Against the World
The International Energy Agency has Joined the Conspiracy Against the World The International Energy Agency has joined the conspiracy outlining a $3 trillion plan to restart the global economy while cutting greenhouse gas emissions, saying that governments have a “once-in-a-lifetime opportunity” to create jobs while decarbonizing infrastructure. Their highly questionable economist Fatih Birol has suddenly come out […]
Geopolitical Risk Is On The Rise In Oil Markets
Geopolitical Risk Is On The Rise In Oil Markets In the long-term, many oil analysts expect the world to become increasingly dependent on oil production from the Middle East, as U.S. shale fades in importance. However, geopolitical turmoil is already causing disruptions in major oil-producing countries in the Middle East, raising questions about the region’s […]
IEA Pours Cold Water On OPEC Optimism, Warns Global Oil Demand Shrinking
IEA Pours Cold Water On OPEC Optimism, Warns Global Oil Demand Shrinking Pouring cold water on yesterday’s optimistic demand forecast projected by OPEC, which projected global crude demand growth to rise by 1.5mm b/d in 2018, this morning the International Energy Agency warned that the crude oil price rally could be short-lived because, contrary to […]
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 […]
What Does Exxon Know That We Don’t?
What Does Exxon Know That We Don’t? Forecasts from the IEA and Goldman Sachs this week are trying to say that crude barrels are still overpriced – but the market isn’t listening. I’ve been convinced that crude prices above $60 are counterproductive as Goldman said in their recent note – but other factors are continuing […]
Dramatic UK Emission Drop Just a ‘Taste of What Could Be Achieved
Dramatic UK Emission Drop Just a ‘Taste of What Could Be Achieved UK greenhouse gas emissions fell by 8.4 percent between 2013 and 2014, according to official figures released today by the Department for Energy and Climate Change (DECC). Carbon emissions fell by 9.7 percent. A 23 percent reduction in coal use and record warm temperatures were the main […]
US Will Never Gain Oil Market Crown Says IEA Head
US Will Never Gain Oil Market Crown Says IEA Head No matter how much oil the United States produces over the next few years, it will never become the next Saudi Arabia in the global oil market, according to Fatih Birol, the new executive director of the International Energy Agency (IEA). What’s especially interesting about […]
The Easy Oil Is Gone So Where Do We Look Now?
The Easy Oil Is Gone So Where Do We Look Now? In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil demand would grow with it, outpacing supply, thus lifting the oil price from $147 to over $200 a barrel. […]
Is There Any Hope Left For Nuclear Energy?
Is There Any Hope Left For Nuclear Energy? Can nuclear help avoid the worst effects of climate change? The International Energy Agency recently provided a roadmap for nuclear power, detailing how the technology could help keep global temperature increases within a 2-degree scenario. According to the IEA report, between 2015 and 2050 total installed nuclear power […]
Oil Price Crash – What Next?
Oil Price Crash – What Next? In the fast moving oil market much of the fundamental data only becomes available for general consumption at least one month in arrears. But EIA oil price data and Baker Hughes rig counts are available weekly and with much action going on it is worthwhile updating. The price plunge seems to have reversed, […]
