Total War over the Petrodollar
How many other Western executives who dare to help Russia bypass sanctions—and turn it into an energy powerhouse—will die under suspicious circumstances?
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Commodity Trends
Another Housing Bust On The Way?
Evidence of Another Even More Sweeping Housing Bust is Already Starting to Appear By Elliott Wave International Editor’s note: With permission, the following article was adapted from the October 2014 issue of The Elliott Wave Financial Forecast, a publication of Elliott Wave International, the world’s largest market forecasting firm. You may review an extended version
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Death of the Petrodollar
The petrodollar has kept the U.S. dollar stronger than it would have been but it appears that Obama is in the process of throwing the petrodollar under the bus.
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Why China’s Insatiable Appetite For Coal Has Likely Peaked
A recent report from Greenpeace found that China’s coal consumption declined in the first half of this year and new Chinese government data suggests that the country’s coal imports have dropped.
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Why The Debate Over Energy Storage Utterly Misses The Point
Many technologies have been tested in the field or been fully installed, but their real-world applications have created constant questions around a number of fixed themes: the three-points concern cost, technology, and potential environmental impact, as well as the need for specific regulation and end-of-life management.
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Could Gang Violence End Mexico’s Shale Dream?
Violence in Mexico could thwart hopes of a budding shale boom, as oil and gas companies operating in Texas may think twice about moving south of the border.
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The World’s Five Most Important Oil Fields
The world currently consumes roughly 82 million barrels of oil a day. These five oil fields produce roughly 9.5 million barrels a day with West Qurna hoping to increase production by another 2 million per day. So together they currently produce about 11% of the total world consumption. If production is increased as anticipated they could be producing as much as 14% of world consumption.
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Exxon and BP Defy White House
Several of the largest oil companies in the world are doubling down in Russia despite moves by the West to isolate Russia and its economy. ExxonMobil and BP separately signed agreements with Rosneft – Russia’s state-owned oil company – to extend and deepen their relationships for energy exploration. The U.S. slapped sanctions on Rosneft’s CEO
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Bursting the California Shale Bubble
The great hype surrounding the advent of a shale gas bonanza in California may turn out to be just that: hype. The U.S. Energy Information Administration (EIA) – the statistical arm of the Department of Energy – has downgraded its estimate of the total amount of recoverable oil in the Monterey Shale by a whopping
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Russia’s Weakened Hand Could Pay Off For Beijing In Major Gas Deal
A major gas deal between Russia and China could finally be sealed this week when Russian President Vladimir Putin visits China on May 20-21 and meets with President Xi Jinping. In the lead up to Putin’s arrival, the two sides have been working on putting the finishing touches on a 30-year contract for a gas
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