How big is the methane problem? A five-year research effort shows it’s much bigger than has been assumed so far, write Anthony J Marchese and Dan Zimmerle of Colorado State Universtiy. They add that if the problem is not tackled, the climate benefits of gas will largely evaporate. Technology is not the bottleneck, though – the government will have to adopt the right regulations. Courtesy The Conversation. … [Read more...]
Why US shale will crash and UK will fail: a history of shale oil & gas production in pictures & charts
With fracking about to recommence in the UK after 8 years, social entrepreneur and writer Jeremy Leggett reviews the short but troubled history of fracking in the U.S. In a devastating slide presentation, he pictures the shale gas industry as a dirty, multi-hundred-billion-dollar doomed-to-burst debt bubble. And he predicts a similar fiasco in the UK. Courtesy Future Today. … [Read more...]
The Trump and Juncker Agreement: there may be more to it than meets the eye
The agreement between Trump and Juncker to have Europe buy more U.S. LNG has been criticized because it contains few details and because “they can’t make it happen anyway”. However, according to Anna Mikulska of the Kleinman Center for Energy Policy and Rice University's Baker Institute for Public Policy, the two leaders could promote investment in infrastructure – and that could have a big impact on the market. Courtesy Kleinman Center for … [Read more...]
Coke, meth and booze: the flip side of the Permian oil boom
The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it's fueling a subculture of drug and alcohol abuse among oil field workers, writes Tsvetana Paraskova of Oilprice.com. Courtesy Oilprice.com. … [Read more...]
OPEC? NOPEC! What makes Putin’s vision of a Russian-US oil alliance a pipedream
U.S. president Trump, who wants the U.S. to become a dominant oil and gas supplier to the world, regards Russia as “competitor”, though he sees that as “a compliment”. Russian president Putin has said he would like to “work together” with the U.S. to forge an OPEC-like alliance. Anna Mikulska, a fellow at the Baker Institute’s Center for Energy Studies and at the University of Pennsylvania's Kleinman Center for Energy Policy, explains why such an … [Read more...]
China’s growing oil demand creates a new geopolitical dilemma
China has become the world’s largest oil importer, and despite establishing the largely successful yuan-denominated oil futures, Beijing will have to grapple with an overlooked geopolitical and economic consequence as it seeks to quench its thirst for oil and gas, writes Tim Daiss of Oilprice.com. The country, mighty as it is, will become more dependent on OPEC, Russia - and even the U.S. Article courtesy Oilprice.com. … [Read more...]
Donald Trump versus OPEC
OPEC does have a role in today’s higher oil prices, but is this bad for the U.S., as Donald Trump is claiming? According to independent energy analyst Geoffrey Styles, in the new oil world, the U.S. economy may not be worse off with higher oil prices, even if consumers pay more at the pump. … [Read more...]
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