The Shale Gas Revolution Is A Media Myth
The marginal cost of shale gas production is $4/mmBtu despite popular but incorrect narratives that it is lower. The average spot price of gas has been $3.77 since shale gas Continue Reading
Investors Benefit In Surprise Move From Canadian Oil Major
While many oil companies doubled down on debt to maintain or even increase dividends while profits were hard to come by in the ‘lower-for-longer’ oil price world, Canada’s biggest oil Continue Reading
Every Volvo car launched from 2019 to have an electrified powertrain; “the end of the solely combustion engine-powered car”
Volvo Cars announced that every Volvo it launches from 2019 on will have an electric motor, marking the historic end of cars that only have an internal combustion engine (ICE) Continue Reading
Volvo Gives Tesla a Shock, As Others Plan Electric Push
Volvo, the auto maker that spent 90 years polishing a reputation for safety, indicated Wednesday it is mounting an ambitious challenge to Tesla Inc.’s electric cars. But the even tougher Continue Reading
Volvo delivers an electric shock to carmakers
Two events this week signalled a step change in the pace at which electric vehicles are taking to the road. Elon Musk announced that Tesla’s first mass-market Model 3 car Continue Reading
Volvo, Betting on Electric, Moves to Phase Out Conventional Engines
Volvo Cars on Wednesday became the first mainstream automaker to sound the death knell of the internal combustion engine, saying that all the models it introduces starting in 2019 will Continue Reading
A trillion-ton iceberg the size of Delaware is about to break off Antarctica
An enormous iceberg, more than 2,000 square miles in area — or nearly the size of Delaware — is poised to detach from one of the largest floating ice shelves Continue Reading
Fossil Fuel Empire: A World of Vulnerability
“It’s all about the oil,” many commentators said about the US assault on Iraq in 2003. Attributing a war to a single cause is almost always an oversimplification, but protecting Continue Reading
Brent Crude Holds Below $50 as Russia Said to Oppose Deeper Cuts
Russia to oppose any proposal to cut output further: officials U.S. crude stockpiles forecast to resume declines: survey Brent crude traded below $50 a barrel after ending the longest run Continue Reading
Hedge funds walk into bear trap in oil: Kemp
Hedge fund managers had amassed a record number of short positions in petroleum futures and options by the start of last week, which primed the oil market for a sharp Continue Reading