Imagine a world of 50% annual inflation, resource wars that span the globe and energy prices skyrocketing as oil reaches $200 a barrel. This is what the “peak oil” theory Continue Reading
Scientists say there’s a tension in the brain between responding to new information and resisting overwhelming amounts of conflicting data—and the latter can prevent opinion change. Altering opinion depends on Continue Reading
With OPEC’s 2016 World Oil Outlook now grimly forecasting that peak oil demand could become a reality in just over a decade, and natural gas and renewables chomping at the Continue Reading
U.S. shale producers are redeploying cash, rigs and workers, cautiously confident the energy sector has turned a corner after Donald Trump’s election victory and OPEC’s recent signal that it plans Continue Reading
US shale oil production declines over the past year and a half are forecast to slow to 20,000 b/d in December, down from a 30,000 b/ddrop in November, US Energy Continue Reading
The Mediterranean is rapidly becoming the world’s most oversupplied oil market, as exports from OPEC heavyweights Iraq and Iran, rising star Kazakhstan and the return of Libyan crude force traders Continue Reading
The Interior Department is expected this week to unveil its final five-year plan for offshore oil and natural gas lease sales and both industry and environmental sources believe proposed Arctic Continue Reading
Companies forced to keep crude on small Aframax-class vessels Lack of space on land seen as driving force behind buildup Oil companies booked tankers to store as many as 9 Continue Reading
Energy futurist Chris Nelder explores the common ground between the Occupy movement and the Tea Party: declining energy leading to declining economic surplus. Beneath the complex narratives of the Occupy Continue Reading
Market faces ‘relentless’ supply growth as non-OPEC recovers Brazil, Russia, Kazakhstan help non-OPEC grow by 500,000 b/d The cost of failing to reach a deal this month is rising for Continue Reading
