The U.S. is one of the few areas of the world in which there is an energy investment boom underway, a development that could smooth out the uncertainties of geopolitical events around the world. At the same time, outside of the U.S., there is a deterioration of stability in many oil-producing regions, aggravating risks for both oil companies and the …
Since the age of oil began until a few months ago, most real time oil prices were jealously guarded by marketers, who used it to their advantage in the daily multi-billion dollar physical oil trade. But James Stafford has busted an oil industry information cartel that has existed for decades.
Instead of seeking foreign investment to fulfill its energy needs with fossil fuels, Pakistan can ride the renewables wave, developing its workforce and technical and institutional capacity to harness solar energy.
The thoughtless rush for coal-fired energy by a politically motivated Pakistani ruling elite is both alarming and questionable.
Oil prices are entering a “sweet spot” — a range between $50 and $60 per barrel that could finally be good for the global economy – low enough to provide consumers with a bit of a stimulus, but high enough to keep the industry and capital spending afloat.
No one really knows where oil will be around Christmas. While we may have already seen the bottom, stock prices are not the bargain they were.
The next OPEC meeting on the 2nd of June will act as little more than a forum for continued altercations between Saudi Arabia and Iran.
China’s massive oil imports despite dropping domestic demand are contributing to driving the oil prices up. If their imports drop, the world will return to the supply glut and oil prices will retrace back to the lower $30s/b.
But Prince Mohammed faces a tough challenge – modernizing the economy and society will require him to confront religious conservatives, a faction that the government has allied with for many decades.
The electric car is no longer elite. Now it’s for the masses, and the masses will need more lithium than we can currently get our hands on. It’s a wide-scale energy revolution that will end being the first nail in the coffin for fossil fuels and the heralding of a new era of lithium, the “white petroleum”.