The near-term outlook for oil markets is a mess. Price volatility recently reached its highest level since the global financial crisis as traders, investors and the industry as a whole try to sort through the significance of two big changes: the rapid rise of the upstart U.S. shale industry, which grew from essentially nothing in
Warning: This “Safe Energy Industry Is In Danger” The canary at the drill rig just croaked. Last week, one of the largest energy companies in the U.S. – and a major darling of the shale or “fracking” industry — started showing major signs of distress. “Chesapeake Plunges 40% on Report It Hired Restructuring Adviser” shouts
Another Oil Crash Is Coming, and There May Be No Recovery. Superior electric cars are on their way, and they could begin to wreck oil markets within a decade. It’s time for oil investors to start taking electric cars seriously. In the next two years, Tesla and Chevy plan to start selling electric cars with
As these new crisis bailouts for fossil fuels show, it’s those who are least deserving who get the most government protection Those of us who predicted, during the first years of this century, an imminent peak in global oil supplies could not have been more wrong. People like the energy consultant Daniel Yergin, with whom
2015 proved to be an interesting year for energy and climate issues both globally and in the UK. Will 2016 hold more of the same? Forecasting is a dangerous business, but here are six predictions you should keep an eye on. 1) The showdown on oil prices between Saudi Arabia and the US will intensify,
This year is set to be even warmer than last, but there are reasons to believe the shift to clean energy will gain serious momentum in 2016. 2015 was a landmark year for climate action. Its many highlights were topped by a Paris agreement where 195 countries set themselves on a low-carbon path via economy-wide
Hedge fund manager and Kynikos Associates President, Jim Chanos was interviewed on CNBC on Thursday, and had a couple interesting (and uncharacteristic) observations worth noting. The first being bullish on solar, but still maintaining a short position in Solar City (of whom Chanos says is not a tech company, but a finance company); despite the
Like the addict who will sacrifice his family to feed his addiction, western foreign policy has for decades supported tyrants who have oppressed the peoples of oil-producing states across the Middle East It would be wrong to argue, as many did in the case of the Iraq War, that the motivation for bombing in Syria
Has oil become an unwanted commodity? Plunging prices suggest something is going on. While diplomats in Paris hash out a legally binding accord to significantly curb greenhouse gas emissions, oil is trading at a seven-year low, closing Tuesday below $40 per barrel. The price drop follows OPEC’s failure to put a cap on oil production
OPEC’s mortal threat from electric cars
The oil cartel is living in a time-warp, seemingly unaware that global energy politics have changed forever OPEC remains defiant. Global reliance on oil and gas will continue unchanged for another quarter century. Fossil fuels will make up 78pc of the world’s energy in 2040, barely less than today. There will be no meaningful advances
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