Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has done little to convince us that it is truly moving forward to greenness. Despite the much-vaunted megatrend involving the global electrification drive and shift to renewable energy, the most ambitious pledges by Big Oil to pursue net-zero agendas remain weak at best.
Oil Majors That Bet Big On Renewables Read More »
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.
Renewable Energy Trends in 2019 Read More »
In the following article, Gary Tanashian editor of Notes from the Rabbit Hole (NFTRH), has compiled a series of year end charts to help us get a handle on several sectors that relate to inflation. These sectors include Gold and other Precious Metals, Commodities (CRB Index) , Oil, Natural Gas, Industrial Metals, Agriculture, Copper, Uranium and more.Â
Big Picture Update on Commodities & Precious Metals Read More »
The Permian Basin is the largest petroleum-producing basin in the United States and has produced a cumulative 28.9 billion barrels of oil and 75 trillion cubic feet of natural gas. Currently, nearly 2 million barrels of oil a day are being pumped from the basin. It has been estimated that 43 billion barrels of oil and 18 trillion cu. ft. of gas remain; however, some experts claim the content is much bigger than expected, half a trillion barrels or even 2 trillion barrels. Eighty percent of estimated reserves are located at less than 10,000-foot (3,000 m) depth. Advances in hydrocarbon recovery such as horizontal drilling and hydraulic fracturing aka. “fracking” have expanded production into unconventional, tight oil shales… But is it possible that the current Bonanza in Oil production could come to a rapid end?
Is Peak Permian Only 3 Years Away? Read More »
The U.S. electric power sector burned through a record amount of natural gas in recent weeks, a sign of the shifting power generation mix and also a signal that natural gas supplies could get tighter than many analysts had previously expected.
Surprise Natural Gas Draw-down Signals Higher Prices Ahead Read More »
Ukraine is still living the legacy of its Soviet past with its State owned energy industry, corruption, oligarchs, etc. And in typical bureaucratic fashion Ukraine continues to treat its energy industry as a cash cow to be milked or perhaps worse a pig to be slaughtered.
Lies And Deception In Ukraine’s Energy Sector Read More »
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
Russia’s Weakened Hand Could Pay Off For Beijing In Major Gas Deal Read More »
Birth of a New Ukrainian Nation? Interview with Robert Bensh Ukraine’s Crimean Peninsula is now Russia’s. It was done with an impressively organized non-violent military operation, and supported by the foregone conclusion of a referendum on independence from Ukraine. One Ukrainian soldier was reportedly killed on 18 March, after Russian President Vladimir Putin signed the
What the Loss of Crimea Means for Ukrainian Energy Read More »
During the last 10 years, the natural gas and oil industry has developed into one of America’s most technologically sophisticated industries. New advancements have caused the industry to become a technological pioneer. In the nineties, increased numbers of power generators started to utilize natural gas for electricity production, which caused demand to rise significantly. This industry has managed to keep up with rising demand and generate larger quantities of gas, thanks to technological advances. These advances have allowed gas to be produced from shale, along with other less conventional formations, which are located in plentiful supply throughout the US. However, natural gas is still produced from traditional onshore and offshore formations as well.
New Technologies in Natural Gas Read More »
In the following article Tony Sagami of Uncommon Wisdom, shows how election results can be accurately predicted based on economic factors. In our Misery Index we show how two simple factors like inflation and unemployment were the basis of the original idea of predicting election results based on economic factors. But today Tony shows how
Is Your Vote for Sale? Read More »
