The New Panama Canal: A Risky Bet
On July 8, 2009, the champagne finally flowed. After an intense two-year competition, a consortium led by a Spanish company in severe financial distress learned that its rock-bottom bid of Continue Reading
Blackout risk raises concerns for Southern California refiners
Refiners in southern California are bracing for potential disruptions ahead of possible blackouts this summer after the closure of a key natural gas field prompted state regulators to warn of Continue Reading
Judge Strikes Down Obama Rule on Fracking on Public Lands
A federal judge in Wyoming made permanent a temporary block of an Interior Department rule setting stricter standards for hydraulic fracturing on public lands, a blow to President Barack Obama’s Continue Reading
Record US petrol guzzling fails to dent inventories
US petrol inventories sit at the highest level in decades for the start of summer driving season, threatening oil’s rally to $50 a barrel. More than 237m barrels of petrol was Continue Reading
U.S. crude oil storage capacity utilization rises even as storage capacity grows
U.S. commercial crude oil inventories have increased by more than 71 million barrels (15%) since the end of September, pushing crude oil storage capacity utilization to a near record high Continue Reading
Google And Uber Threatening Car Industry Giants
Rarely has there been an industry as stable as the car industry. Except for design modifications, the basics of the automobile as a product haven’t changed in half a century. Continue Reading
California In Power Grid Emergency: “All Customers Should Expect 14 Days Without Power”
The entire Los Angeles metropolitan area and most of Southern California can expect blackouts this summer. The power grid is under direct threat as a result of the unprecedented, but Continue Reading
Energy services company Subsea 7 trims payroll
British energy services company Subsea 7 said it was trimming its labor force by more than 1,000 in an effort to adjust to the era of lower oil prices. The Continue Reading
Shell’s Ambitious Plan To Topple Exxon
Shell Rig Ben Van Beurden, Chief Executive Officer of Royal Dutch Shell has laid out an ambitious plan to overtake ExxonMobil as the number one oil company in the world. Continue Reading
Neither “Peak Oil” Nor “Peak Oil Demand”
“Peak oil demand” has become a fashionable concept among climate campaigners but the evidence suggests oil consumption is growing at the fastest rate for a decade and shows no sign Continue Reading