The growth of unconventional gas is spreading across the world with major implications over many years for markets and prices according to a new World Energy Council study âUnconventional gas, a global phenomenonâ. The report notes that many countries have similar shale gas potential to the US and predicts an âaccelerated spreadâ across the world. … [Read more...]
Robert Johnston, CEO Eurasia Group: âTake a seat at the table and advocate for gasâ
The big question in the energy sector today is whether the world will move to a zero-carbon policy in which fossil fuels have no place, or a world in which natural gas is part of the solution, says Robert Johnston, CEO of US-based consulting firm Eurasia Group, in an interview with World Energy Focus. Johnston advises companies to âtake a seat at the policy table and advocate for gasâ to counter âgrowing demands to exclude natural gasâ. … [Read more...]
A health check for the oil majors: not dead yet
Market watchers are announcing the demise of the oil majors. Not for the first time. According to Jilles van den Beukel, former geoscientist with Shell, the oil companies are indeed seeing their world shrinking. But they are not dead yet: their reason for being â the worldâs demand for oil and gas â is still there. … [Read more...]
How to stop the fossil fuel industry from wrecking our worldÂ
In spite of the Paris Agreement, the fossil fuel industry is carrying on much as before, writes famous author and activist Bill McKibben, founder of NGO 350.org. This is partly because of the influence Big Oil has, but also because there are no legal grounds â from a climate perspective â on which to stop projects. However, notes McKibben, citizen groups are increasingly resisting projects at the local level. Courtsey Tomdispatch.com. … [Read more...]
60 reasons why oil investors should hang on
The inevitable will occur: supply and demand will cross again and oil prices will recover, writes Dan Doyle of Oilprice.com. Doyle presents an upbeat view of the oil market â from the perspective of the oil industry. He just hopes the recovery will be orderly and not end in a mess. … [Read more...]
My 2016 energy predictions: US oil and gas production will decline, Hillary new president
US oil production will decline for the first time in 8 years, US gas production for the frist time in 11 years, the oil price will bounce back to $60 â and Hillary Clinton will become the next US president. Robert Rapier, Managing Editor & Director of Analysis at Energy Trends Insider, announces his predictions for 2016. … [Read more...]
How OPEC could regain control of the oil price
The US shale revolution effectively sidelined OPECâs control over global oil prices. However, with a large number of new non-OPEC projects cancelled, spare capacity in the market reaching very low levels and demand continuing to grow, power is shifting back to the cartel again, notes Geoffrey Styles, Managing Director of GSW Strategy Group in the US, on his Energy Outlook blog. If OPEC decides to cut output in 2016, writes Styles, the oil price … [Read more...]
The End of the Oil Age and other great stories
We reveal our most popular stories of 2015. They reveal what is preoccupying our readers the most. Yes, itâs all about the End of the Age of Oil â and the beginning of something new. … [Read more...]
Twilight of the Gods of Oil
For most of the past 40 years OPEC, the association of Big Oil exporters, and the Big International Oil Companies  controlled our lives, but they have started on an inevitable decline, writes solar pioneer Peter F. Varadi. Competition from renewables and smaller players as well as tighter climate polices will make their business model obsolete. According to Varadi, their corporate culture makes it unlikely they will be able to adapt. … [Read more...]
Carbon Tracker: fossil fuel companies risk wasting up to $2.2 trillion in the next decade
Carbon Tracker Initiative (CTI), the NGO that invented the concept of âstranded assetsâ (or âthe carbon bubbleâ) has today published a new report warning that, as a result of climate policies, âno new coal will be needed, oil demand will peak around 2020 and growth in gas will disappoint industry expectationsâ. According to CTI, over $2 trillion of new and existing investment is in danger of being wasted over the coming decade if governments and … [Read more...]
Saudis battle Russia in European oil market
Russia depends largely on Europe for its oil revenues. But it is forced to sell its oil at a steep discount in Europe as a result of increasing Saudi competition, writes Nick Cunningham of Oilprice.com. According to Cunningham, there are few signs the oil price will recover in 2016. … [Read more...]
The great oil shake-out: how far will it go?
Low oil prices are shaking up the global oil industry. Will they stay low? For how long? And how low is low anyway? These are some of the crucial questions hanging over the global energy sector. We spoke to three experts and the IEAâs Executive Director Fatih Birol, who put the current market in perspective â and offer a view of the future. Some say we are in a fairly normal cycle. Others see fundamental changes coming.This article was first … [Read more...]
From the horseâs mouth: The new oil world is radically different from the old one
We have entered a new oil world in which most of the old oil market truths can go overboard. This was the stark message given off by BPâs Chief Economist Spencer Dale in a speech he gave in London on 13 October. According to Dale, oil market realities have changed fundamentally: âWe need a new set of principles reflecting the New Economics of Oilâ. Karel Beckman discusses the profound implications following from Daleâs ground-breaking analysis. … [Read more...]
Exit Ahead â Shell at the end of the Oil Superhighway
Shellâs departure from the Arctic is a very significant event in the global energy picture, writes Energy Post editor-in-chief Karel Beckman. It is another sign that the End of the Oil Age is in sight. … [Read more...]
The Price of Oil: why it rose stupendously, why it is likely to remain low and what this means for the world
Although oil has experienced an extraordinary price increase over the past few decades, a turning point has now been reached where scarcity, uncertain supply and high prices will be replaced by abundance, undisturbed availability and suppressed price levels in the decades to come, write Roberto F. Aguilera of Curtin University in Australia and Marian Radetzki of LuleĂ„ University of Technology in Sweden. In this article they provide a synopsis of … [Read more...]
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