The major oil companies greatly underestimate the impact electric vehicles will have on their market, write independent energy advisors Salman Ghouri and Andreas de Vries. According to Ghouri and De Vries, the trends currently underway in the auto industry are likely to have a substantial impact on oil demand in the medium term, and even a devastating impact in the longer term. … [Read more...]
The oilman who loved dictators – or: how Texaco supported Fascism
Author Adam Hochschild tells the forgotten story of how Texaco and its CEO Torkild Rieber helped the Nationalists of General Franco achieve victory in the Spanish Civil War â and then went on to support Hitler. It serves as a chilling reminder of the power that oil companies have had â and still have â in shaping our world. Courtesty of TomDispatch.com. … [Read more...]
The inexorable shift of the US power sector
The growth of renewable energy in the US is based on fundamental economic, environmental and security benefits that it provides, writes David Littell of the Regulatory Assistance Project. This is why the renewables train canât be stopped anymore. … [Read more...]
How much can the next president influence the US energy system?
There have been dramatic changes in the U.S. energy system under our current president â a big drop in the use of coal, a boom in domestic oil and gas development from fracking, and the rapid spread of renewable energy. But in terms of influencing energy technology deployment, the next president will have a lot less influence than you might expect, writes Carey King, Research Scientist at the University of Texas. … [Read more...]
US shale oil: the day of reckoning will come
The financial state of the US shale oil industry is much worse than the still impressive production figures would lead us to believe, writes energy expert Jilles van den Beukel, a former geophysicist with Shell. Shale oil producers and investors have managed to postpone the day of reckoning, but the fundamentals of the industry make a shake-out inevitable. … [Read more...]
Brexit Britain: the balance sheet on energy and climate policy
In the energy sector, the disadvantages of EU membership overwhelmingly outweigh the advantages, the Business for Britain lobby group has argued. David Buchan and Malcolm Keay of the Oxford Institute for Energy Studies (OIES) and authors of a new book on the Energy Union, conclude, however, that EU constraints on UK energy policy have been minimal and benefits have been many. The consequences of a Brexit for the UK energy sector are not clear, … [Read more...]
BPâs view of electric cars looks unrealistic
BPâs latest long term outlook for the energy sector looks particularly unrealistic in its projection of a âmost likelyâ case of almost no uptake of electric vehicles by 2035, writes independent energy expert Adam Whitmore. According to Whitmore, even very moderate assumptions lead to substantially higher growth rates for EVs. … [Read more...]
BP says not to worry, good times will return
Aside from minor adjustments, BPâs latest Energy Outlook is mostly business-as-usual, writes Fereidoon Sionshansi, president of Menlo Energy Economics and publisher of the newsletter EEnergy Informer. BP seems to have missed out entirely on the agreement reached in Paris in December 2015, as if it did not happen, notes Sionshansi: "The Outlook seems more of a wish list than a forecast." … [Read more...]
Exxonâs never-ending big dig
ExxonMobil not only appears to have ignored its own scientists when they warned about the dangers of greenhouse gas emissions in the 1980s, the company even took advantage of its inside knowledge by leasing large tracts for Arctic oil exploration, writes famous author and activist Bill McKibben in a revealing essay. What is worse, says McKibben, is that even today Exxon continues to spend billions finding and producing ever more fossil fuels. But … [Read more...]
Chinaâs electricity mix: changing so fast that CO2 emissions may have peaked
China installed a world record of 32.5 gigawatts (GW) of wind power last year, and a world record 18.3 GW of solar power, according to official figures from the National Bureau of Statistics of China on 29 February. Coal consumption fell 3.7%, nuclear power grew 30% and natural gas 3.3%. These trends mark a rapid diversification of Chinaâs electricity generation capacity with reduced dominance of coal. Some even believe Chinaâs CO2-emissions have … [Read more...]
High time for a Western oil strategy
This is an ideal time for Western governments to put in place a strategy to ensure that oil will no longer lead us into war, writes Frank Vogl, co-founder of Transparency International. But a âClean Trade Actâ as advocated by Leif Weinar in his impressive new book on oil dictatorships wonât work. Better to proceed on a case-by-case basis. Courtesy The Globalist. … [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...]
The moral case for fossil fuels? Let them eat solar panels!
In the wake of the Paris climate accord, there has been much discussion of the so-called âmoral caseâ for fossil fuels, particularly in countries such as India. But according to professor John Mathews of Macquarie University in Australia, rolling out renewable energy in developing countries should be the real legacy of the Paris climate agreement. Renewables offer them the best chance to break into manufacturing value chains. … [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...]
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