Tag Archives: ExxonMobil

The political and financial winds are moving in the wrong direction for the oil and gas industry, raising more "above ground" problems at a time that they can ill-afford it.

For the next year or so, tight oil wells will not be commercial except in the best parts of the best plays. Until market fundamentals of supply and demand come into balance, prices will remain low. Clearly for now, the party is over for tight oil.

Authorities in Argentina and beyond are cracking down on indigenous communities that protest resource extraction — while re-writing laws to promote fossil fuels.

By 2030, millions of people will have transport fuel that is ‘on the house.’ During the midday hours, many grids will experience negative pricing as solar PV floods the market to the extent that the power cannot be stored. As millions of electric vehicles hit the road, they will likely become the default destination for stored electricity. Chevron, ExxonMobil and Shell cannot stop this. They had better think seriously about financing solar and wind arrays.