Record increase in global consumption and acceleration of resource depletion, pollution, and climate change may come with under-appreciated social and environmental costs, says a new report by Worldwatch Institute.
As traders, investors and pundits, we all like to think that what we do is akin to a science. We believe that by working harder and being smarter we can give ourselves an edge, that enough research will reveal to us the next move, either a long term trend or an intraday blip on a chart, and that we can …
MCW Energy Group's CEO Dr. Bailey tells Oilprice.com that his hunt for an innovative technology that simultaneously makes money and cleans up the environment is over.
As the first anniversary of the Saudi decision, to let the oil market determine oil prices approaches, it would be reasonable for OPEC outsiders to interpret Saudi policy shift as designed to serve its interests and those of its Gulf Arab allies rather than their interests and those of OPEC in general. The damage the Saudi decision has inflicted on itself provides reasons for the Saudis to change course.
Saudi Arabia, Russia, Iran and other major oil producers are engaged in the oil equivalent of mutually assured destruction. The sharp drop in oil revenue damages each of these countries economically and financially, while the wars they wage directly and indirectly against each other drain resources from vital domestic projects.
With spare capacity shot and major new sources of oil not coming online in a few years, the world may end up struggling to meet rising oil demand. That could cause oil prices to spike.
The oil industry has finally come to realize that the “Trillion Dollar Swindle” in oil is very real and normal supply and demand dynamics no longer apply. The law of diminishing returns in more supply is real thanks to media hype.
Connecting the energy islands in south-east Europe will help build a region that can act as a strategic partner for the EU in the broader energy-security nexus.
The 32 billion barrels buried in Utah's oil sands are suddenly attracting a lot more attention because of their vast potential. The much-maligned oil sands may have a viable future in a world increasingly concerned about the environment.
Saudi Arabia can wait out the competition. Just as they have kept their crude oil production levels intact, it is possible that the Saudis will maintain their current refining output in spite of falling refining margins and eventually end up winning the price war against Asian producers.