Smart Money Is Piling Into Oil
Oil prices jumped to five-month highs this week, pushed higher by a bullish cocktail of supply outages, geopolitical unrest and a sputtering shale sector.
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Merger Mania: The World’s Largest Oil Company And Petrochemical Company Merge
In the following article from OilPrice.com we see a major merger in the works to expand Saudi Aramco from just energy into chemical products. In previous articles we’ve discussed the possibility that Saudi Arabia is looking for alternative revenue streams as the world shifts toward renewable energy.Â
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The $32 Trillion Push To Disrupt The Entire Oil Industry
Global oil and gas companies are increasingly facing an uphill battle as global warming policies are taking their toll. Most analysts and market watchers are focusing on peak oil demand scenarios, but the reality could be much darker. International oil companies (IOCs) are likely to face a Black Swan scenario, which could end up being a boon for state-owned oil companies (NOCs).
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Will EV’s Cause Peak Oil Demand?
Will oil demand peak around 2030 as electric vehicles gain more and more market share?
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Saudi Arabia: We’ll Pump The World’s Very Last Barrel Of Oil
Saudi Arabia isn’t buying the peak oil demand narrative. OPEC’s largest producer continues to expect global oil demand to keep rising at least by 2040 and sees itself as the oil producer best equipped to continue meeting that demand, thanks to its very low production costs.
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Renewable Energy Trends in 2019
According to a new report from the U.S. Energy Information Administration (EIA) 2019 will be a good year for renewables. A whopping 46% of new electricity production will come from Wind power and 18% will come from Solar Photovoltaic power with the remaining increase coming from clean burning Natural Gas for a total increase in generating capacity of 24 gigawatts (GW). On the other hand, 8 gigawatts (GW) of electrical generating capacity will be retired this year 53% of that will be coal fired, 27% natural gas and 18% will be nuclear powered plants.
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Huge Backlog Could Trigger New Wave Of Shale Oil
Why would a company spend millions of dollars to drill an oil well and then not finish it? There are a couple of reasons. Thanks to rapid advancements in drilling technology shale oil wells can actually be drilled faster than they can be completed. This can result in a high inventory of uncompleted wells called “drilled but uncompleted wells (DUCs)”. But when the U.S. Energy Information Administration (EIA) counts DUCs they don’t count the recently completed ones to allow time for completion.
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Move Aside Lithium – Vanadium Is The New Super-Metal
The lithium ride was a great one. Cobalt, too. All they needed was their Elon Musk moment, which came in the form of the Nevada battery gigafactory. The next Elon Musk moment won’t be about lithium at all—or even cobalt. It will be for an element that takes everything electric to its revolutionary finish line: Vanadium.
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U.S. Shale Has A Glaring Problem
Oil prices are down a bit, but are still close to multi-year highs. That should leave the shale industry flush with cash. However, a long list of U.S. shale companies are still struggling to turn a profit. A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the “alarming volumes of red ink” within the shale industry.
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How Free is Your State?
Unlike many countries the United States is not “monolithic”. Freedom varies widely from state to state primarily because each state is the master of its own destiny. Although the Federal Government has been trying to exert more control, each state is still able to create their own laws, taxes and regulations. Each year since 2000 the CATO Institute has published its evaluation of the relative freedom of each state based on a variety of criteria including Fiscal Policy (30.4%), Regulatory Policy (34%), and Personal Freedom (34.1%). Of course, each of these major categories is made up of a variety of sub-categories.
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