Is The End In Sight For Alaska’s Oil Based Economy?
Alaska has long been one of the few U.S. states without an income tax. Thanks to its incredible bounty of natural resources, the state had more than enough cash coming Continue Reading
ERoEI is unimportant and is being used incorrectly
In this article I will show that ERoEI is almost totally unimportant by itself. It does not matter if ERoEI is increasing or decreasing. ERoEI provides no guidance about which Continue Reading
Shell puts revamped shale arm at heart of growth drive
Having turned round its North American shale business, Royal Dutch Shell is putting so-called unconventional energy at the heart of its growth plans, and believes lessons from the revamp can Continue Reading
Slavery At Sea: The Ugly Underbelly Of Oil Shipping
The words “slavery” and “oil”, when used together, are usually reserved for use in the context of palm oil, but the offshore oil and gas industry isn’t immune to modern-day Continue Reading
Fusion megaproject confirms 5-year delay
The ITER fusion reactor will fire up for the first time in December 2025, the €18-billion project’s governing council confirmed today. The date for “first plasma” is 5 years later Continue Reading
Oil Prices Rebound As Sentiment Shifts
It is national flip-flop day, and the oil market is acting accordingly. After reaching a one-month low after six consecutive days of losses, crude has changed direction today, and is Continue Reading
Oil Volatility To Increase During Brexit Week
Brexit anxiety dominated markets this week after new polls revealed heightened odds of a Leave vote. From June 9th to June 16th, the GBP weakened considerably and the EUR/USD sank Continue Reading
Oil prices see biggest weekly decline since early May
Oil prices rose for the first time in seven trading sessions on Friday as the US dollar eased, but still saw their biggest weekly decline since early May. Anxiety ahead Continue Reading
Pemex oil refinery could be forced to close due to ongoing protests
Mexico’s national oil company Pemex said on Friday it may be forced to shut its largest refinery in the next few days if ongoing protests in the southern state of Continue Reading
Deaths, arrests as looting erupts in Venezuela
Venezuelan police have arrested hundreds of people as the country’s food crisis erupted into deadly looting this week, heightening hardship and political uncertainty in the impoverished oil-producing nation. Dozens of Continue Reading