Below you'll find a list of all posts that have been categorized as “Energy”
Oil market is uncertain as the US shale oil output is expected to fall for the first time in four years, and the coming months are likely to see a continuing price war between OPEC producers. Deutsche Bank, Goldman Sachs and HIS are now projecting that US oil production growth will now end. The global oil price rose slightly in …
ExxonMobil’s current business strategy is a danger to its shareholders and the world. We were reminded of this once again in a report of the National Petroleum Council’s Arctic Committee, chaired by ExxonMobil CEO Rex Tillerson. The report calls on the US government to proceed with Arctic drilling for oil and gas – without mentioning the consequences for climate change. …
In the past few years, listeners to National Public Radio have been hearing frequent announcements that “America’s natural gas” is an underwriter of NPR programming. These spots, created by America’s Natural Gas Alliance, an industry group, claim that increased use of gas is reducing greenhouse emissions and making the world a greener place. Yesterday, NPR ombudsman Elizabeth Jensen addressed the numerous complaints …
What is the real story of energy and the economy? We hear two predominant energy stories. One is the story economists tell: The economy can grow forever; energy shortages will have no impact on the economy. We can simply substitute other forms of energy, or do without. Another version of the energy and the economy story is the view of …
Coal, the No. 1 cause of climate change, is dying. Last year saw a record number of coal plant retirements in the United States, and a study last week from Duke University found that Even China, which produces and consumes more coal than the rest of the world put together, is expected to hit peak coal use within a decade, in order to meet its promise to President …
Don’t hold your breath, but future historians may look back on 2015 as the year that the renewable energy ascendancy began, the moment when the world started to move decisively away from its reliance on fossil fuels. Those fuels — oil, natural gas, and coal — will, of course, continue to dominate the energy landscape for years to come, adding …
Back in November we chronicled the (quiet) death of the Petrodollar, the system that has buttressed USD hegemony for decades by ensuring that oil producers recycled their dollar proceeds into still more USD assets creating a very convenient (if your printing press mints dollars) self-fulfilling prophecy that has effectively underwritten the dollar’s reserve status in the post WWII era. Here’s what we …
Four chemicals present both inside and outside homes might disrupt our endocrine systems at levels considered safe by the U.S. Environmental Protection Agency, according to an analysis released today. The chemicals – benzene, toluene, ethylbenzene and xylene – are ubiquitous: in the air outside and in many products inside homes and businesses. They have been linked to reproductive, respiratory and heart …
In addition to the EIA’s amusing oil price forecast, which as noted previously leaves quite a bit to be desired considering it was a year ago that the EIA completely failed to anticipate the plunge in crude prices, which have collapsed far below its worst case estimate… … there is another more substantial problem with the EIA predicting a consistent increase in …
In what is being described as “smoking gun evidence” of Chevron’s complete guilt and corruption in the case of an oil spill in the Ecuadorian Amazon, internal videos leaked to an environmental watchdog show company technicians finding and then mocking the extensive oil contamination in areas that the oil giant told courts had been restored. A Chevron whistleblower reportedly sent “dozens of …
