Oil is an inherently cyclical business. The point is remarkably simple but it is amazing how often it gets forgotten by forecasters and investors. In the century and a half since the modern oil industry was founded with the drilling of Edwin Drake’s well in 1859, real prices have doubled in the space of three
(A tonque-in-cheek article from February 2014) The floods and storms that have wreaked havoc across Britain this winter could be just the beginning, and now a growing number of people are making preparations for the end of the modern world. Here’s what you’ll need to do to stand a chance. We are getting close to
Oil! Our secret god, our secret sharer, our magic wand, fulfiller of our every desire, our co-conspirator, the sine qua non in all we do! Can’t live with it, can’t — right at this moment — live without it. But it’s on everyone’s mind. Back in 2009, as fracking and the mining of the oil/tar sands in Alberta ramped
It’s encouraging to hear this kind of optimisim made public! Tesla Motors CTO JB Straubel was the headliner at Intersolar North America last week. He talked about the transition to lithium-ion batteries and how that opened the floodgates for electric cars and stationary storage (eventually); the synergy between EVs, solar, and grid storage; the growth
My first repost – I suspect of many – on the subject of Peak Oil Over the past couple of months the story keeping many people on the edge of their seats has been the ongoing dilemma of Greece’s detested debt burden, its Great Depression-worthy 25% contraction of its economy, and its voluntary or even
Why do oil prices go down? Because they went up. Why do oil prices go up? Because they went down. That’s what they do. To avoid oil-price volatility, you must kick the oil habit. You can do this by switching to efficiency and renewables. You’ll get cheaper energy services at steady prices; free price insurance;
A good find by our friends at EV Obsession, apparently a trade magazine from the oil industry, Alberta Oil, has put a Tesla Model S electric car on its cover (“Hell on wheels”) and published an article with this title and sub-title: “Is Tesla’s Model-S the Beginning of the End for Oil? Why battery technology
I have spent my lifetime face to face with some of the most brutal and inhumane acts ever committed, but nothing has been as traumatizing for me as trying to get action to tackle the climate crisis. As a long time human rights defender and prior Executive Director at WITNESS, I helped produce and direct
Oil and Gas Industry to Lose Credit Supply
The screws are being tightened on the debt-laden US shale industry More U.S. oil and gas companies could come under financial distress in the coming months as crucial hedging protection begins to expire. Many companies had locked in high prices for their oil sales last year, allowing them a degree of protection as oil prices
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