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Why Europe Should Pay Attention to Algeria

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Algeria already supplies 20% of Europe’s natural gas and more than 30% of the EU’s LNG imports. And in November, European LNG import volumes set a new record high – Europe imported a staggering 302 Bcf of LNG, shattering the old record (set only in September) by 52 Bcf. The United Kingdom, facing its coldest winter in years, alone accounted for 73 Bcf. Whether the average Brit, Spaniard, or Italian realizes it, they rely on Algeria.

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State of Denial

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By David Galland, Managing Director, Casey Research Does the price action of gold of late make you scratch your head, falling as it has from its recent high of $1,420 to $1,359 as I write? Hard not to make one wonder, considering the nature of so much recent breaking news… Consumer prices in December exceeded

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China Is Winning the Energy Race

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It’s no longer 1973, when President Nixon could declare that our status as top energy consumer was “good. That means we are the richest, strongest people in the world.” Today, bragging about winning the energy-eating competition doesn’t gain you any brownie points. Which is probably why Chinese authorities were quick to reject the IEA data as “unreliable,” choosing instead to focus on their intention to sink about 5 trillion RMB (about US$750 billion) into renewable energy projects.
Despite the denials, a new age in the history of energy has begun, and the implications are enormous. China may not want to accept the honors, but the reality is that it’s now the most important player on energy’s demand side.

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The Hungry Dragon: China’s New Oil Market

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If you ever happen to eavesdrop on a conversation between energy investors, two words are sure to crop up – China and oil. Usually, they’re used together and usually, it’s about China’s increasing presence on the global oil scene.
It’s a pretty safe bet that, as one of the world’s fastest growing economies, China needs a lot of energy. And with an oil appetite that grows by 7.5% each year, seven times faster than the U.S., the country’s reserves don’t even begin to compare to the consumption.

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