Exxon Goes All-In On The Permian
ExxonMobil and Plains All American gave the greenlight to another major pipeline in the Permian basin, which would move 1 million barrels per day (mb/d) from West Texas to the Continue Reading
Are Automakers Overestimating EV Demand?
Electric cars were the stars of the Detroit Auto Show this year and they have been garnering a lot of attention from the media generally amid increasingly urgent talk about Continue Reading
U.S. Energy Exports To See Significant Increase
The Energy Information Administration has released its Annual Energy Outlook (AEO) 2019 with projections to 2050 . The purpose of the AEO is to provide long-range energy projections for the Continue Reading
The Key Takeaways This Earnings Season
Exxon Mobil and Chevron released fourth quarter earnings this morning, and the market cheered. After a period of misses, this morning’s release was the second consecutive beat of expectations for Continue Reading
Gail Tverberg on Peak Oil
A few years ago, especially in the 2005-2008 period, many people were concerned that the oil supply would run out . They were concerned about high oil prices and a Continue Reading
The Fracking Industry’s Flaring Problem May Be Worse Than We Thought
In 2018, the oil and gas industry operating in North Dakota’s Bakken Shale burned off record amounts of natural gas, largely obtained via hydraulic fracturing (fracking). This process, known as Continue Reading
Russian oil output has not peaked yet: official
Russian oil production has not yet reached its peak and expectations that it could decline in the next few years are not justified, Alexei Sazanov, head of the finance ministry’s Continue Reading
European car market logs best year for alternative fueled vehicles, lowest diesel share since 2001
The European car market remained stable during 2018, as 15.6 million vehicles were registered—just 346 more than in 2017— according to JATO Dyanmics. It was the best result since 2007, Continue Reading
Mercedes-Benz researching “informed trust” of autonomous vehicles
Mercedes-Benz considers empathy and trust to be central factors for the acceptance of self-driving vehicles. For people to have trust in the machine, they must immediately and intuitively be able Continue Reading
U.S. Oil Rig Count Falls Sharply As Oil Prices Climb
Baker Hughes reported a sharp drop in the number of active oil and gas rigs in the United States this week. The total number of active oil and gas drilling Continue Reading