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Which Peak, And When?


I’ve always found it fascinating how suddenly a “hot” topic crops up everywhere (in modern parlance, it’s trending). Author Malcolm Gladwell explained the phenomenon in his page-turner, the bestseller “The Tipping Point.” The topic seemingly emerges from nowhere, then swirls around from think tanks and universities to the lay media, then to industry media, finally […]

Are More Bankruptcies On The Way For US Oil?


Something that’s been whispered about in the last few months is now being talked about loudly: U.S. oil drillers’ debts. There have been a few notable warnings that shale boomers might want to slow down their production boost lest they bring on another price crash, but the truth seems to be that they can’t do […]

Eternal Sunshine of a Spotless Mind on Crude Oil


Crude oil prices are on the rise today, but energy investors have been on quite a tumultuous ride so far this year. The severe ups and downs have led to excessively negative sentiment. Perhaps investors would benefit from a memory wipe. United States Oil (USO) has risen 0.95% so far on Friday. Energy stocks, on the […]

Oil Up? Oil Down? Blame the Algorithms


When energy analysts and investors couldn’t figure out oil markets this year, they blamed one group: algorithmic traders. On various days over the first six months of 2017, even amid signs of tightening supply, oil prices fell sharply, eventually sinking into bear market territory. Such moves confounded longtime watchers of oil, who said that based […]

Why The Possibility Of Peak Demand Worries Oil Producers


Some disagree about when and whether the world will begin using less oil, but some energy companies are already planning for an oil-free future.

Volvo Commits Sepukku

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With gas cheaper than it has been in at least 50 years — strongly suggestive that there is plenty of it available and will be for some time to come — Volvo has announced its decision to build nothing but expensive plug-in hybrid and full-on electric cars beginning after the 2019 model year. Cue the […]

The surprising New Energy side of Shell


“With Shell Technology Ventures we position ourselves strategically in many places, so that we can experience first-hand where the energy ecosystem is going, and create options for the future”.  An interview with Geert van de Wouw, Managing Director of Shell’s venture capital unit, part of the company’s New Energies division, shows the fascinating new side […]

An Oil Giant Bets Big on Iran


Total SA CEO Patrick Pouyanne isn’t a prolific Twitter user. While he follows the account of French president Emmanuel Macron, Donald Trump doesn’t make the cut. Yet when Pouyanne inks a multi-billion dollar deal in Tehran today to help Iran develop the world’s largest natural gas field, you can bet his staff will be keeping an […]

Pemex Declares Force Majeure On Maya Crude From Pacific Coast


Mexico’s oil company Pemex has declared force majeure on at least two cargoes of Maya crude to be loaded at its Salina Cruz terminal on the Pacific Coast, after a fire affected its largest refinery earlier this month, three sources told Reuters. The 330,000-barrel-per-day Salina Cruz refinery has been inactive since mid June, when a […]

Oil Industry To Waste Trillions As Peak Demand Looms


ExxonMobil and its peers risk blowing $2.3 trillion on oil projects that will not be needed if the world hits peak demand in the next decade. A new report from The Carbon Tracker Initiative analyzed what would happen if the oil market saw demand peak by 2025, a scenario that would be compatible with limiting […]

OPEC Looks Totally Bewildered by the Oil Market

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It may be too soon to write OPEC’s obituary, but the oil producer club appears in urgent need of late-life care. It shows little understanding of where it is, how it got there or where it’s going. While it still manages to collect new members here and there, its core group looks more fragile than […]

Digitalization in Energy: Disrupt or Be Disrupted

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The oil and gas industry is not seen as an industry quick to embrace new technologies. Several factors influence this conservative attitude, including safety challenges, complex systems, and a vast amount of investment. But if there’s any doubt about the changing landscape, a panel of experts at this year’s Offshore Technology Conference (OTC) in Houston […]

The elephant in the room —our population


India’s ‘demographic dividend’ is a myth. Resources are under stress, be it health or education. The government must act If you ever doubted the power of compounding, just take hum do humaare do and poof, magically you have 1.3 billion! Let’s face it, India’s enormous population is at that tipping point — a little north […]

The Global Oil & Gas Industry Is Cannibalizing Itself To Stay Alive

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While the Mainstream media continues to put out hype that technology will bring on abundant energy supplies for the foreseeable future, the global oil and gas industry is actually cannibalizing itself just to stay alive.   Increased finance costs, falling capital expenditures and the downgrade of oil reserves are the factors, like flesh-eating bacteria, that […]

Peak Oil? What Peak Oil?

Peak Oil? What Peak Oil? thumbnail

Look At What Statoil Is Doing — Look At What Iraq Is Doiing — June 13, 2017 Active rigs: $45.93 6/13/2017 06/13/2016 06/13/2015 06/13/2014 06/13/2013 Active Rigs 53 28 75 185 185 RBN Energy: the series continues — Appalachia gas supply vs takeaway capacity. Bakken takeaway: pipelines can now handle all of the current Bakken […]

‘Coal is dead’ and oil faces ‘peak demand,’ says world’s largest investment group


BlackRock investment group, with $5 trillion in assets, is bullish on electric cars and renewables. U.S. coal production is at lowest level since 1978. CREDIT: EIA “Coal is dead,” Jim Barry, the global head of BlackRock’s infrastructure investment group, explained in a recent interview. BlackRock, the world’s largest investment group, with $5 trillion in assets — more than […]

Oil Companies Could Go Bankrupt If Oil Falls, Stays Below $45


Technological advances and deflationary pressure from the downturn have resulted in an 8-percent drop in global average unit production cost to US$30 per barrel of oil equivalent in 2016, which implies that the industry needs the price of oil at US$45 to break even in aggregate, according to a Bernstein Research survey of the 50 […]

How the Aramco IPO will make history and transform Saudi Arabia’s economy

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The US and Saudi Arabia have signed hundreds of billions of dollars worth of business deals following Donald Trump’s trip to the oil-rich state. The biggest deal was for nearly US$110 billion worth of weapons (extending to US$350 billion over ten years). But a number of smaller agreements were made between Saudi and US firms, […]

Big Oil Is Betting on Plastics. It May Be a Risky Bet.


Big Oil is betting on plastics. In a world awash with oil, and amid mounting consensus that demand for oil-based transport fuel for automobiles might decline over time, the world’s largest oil companies are counting on a rising need for petrochemicals. There’s some justification for that. McKinsey & Co.’s projected demand for oil to make […]

The Rise of the Amateur Oil Sleuths


On a recent Sunday evening, Samir Madani had dinner with his family in suburban Stockholm, did the dishes and put his two children to bed. Then he opened his laptop and started crunching U.S. oil import data late into the night. Mr. Madani, a technology executive who trades and researches crude as a hobby, is part of a growing […]

Will Exxon Mobil Buy BP?


Summary Exxon Mobil holds the best balance sheet; thus, is in a position to consolidate the industry. Big deals have happened when oil prices were low. BP is very cheap relative to the huge reserves the company owns. XOM could finance such an acquisition relatively easily via a 50% equity/50% cash deal. Regulatory headwinds and […]

The oil and gas industry has a problem – and the industry knows it


Oil and gas company executives believe that they’re doing right by the world. Most people disagree. In a survey conducted by the consulting firm EY, 75 percent of oil and gas executives rated themselves as good corporate citizens. But only 37 percent of the general public said the oil industry can be trusted to do […]

Saudis To Retain Full Control Over Aramco’s Oil After IPO


Saudi Arabia will continue to have full control over the oil wells and production of Aramco, after the much-anticipated initial public offering of around 5 percent of the Saudi oil giant next year, Deputy Crown Prince Mohammed bin Salman said on Tuesday. “The wells will still be owned by the government. The company only has […]

Junk-Bond Armageddon


In recent years, whenever U.S. credit markets have become mired in boredom and melted up out of sheer habit, traders start worrying about junk-bond bubbles. Now is no different. It has been a notably unremarkable year for credit traders despite populist upheavals in Europe and the U.S. and subsequent unpredictable policies and rhetoric. Meanwhile, yields […]

A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO

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As Saudi Arabia’s deputy crown prince pushes his nation’s Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman’s estimate “unrealistic and mind blowing.” Since […]

Space May Be Next Frontier for Earth’s Crude Oil Giants


The Middle East has an outsize impact on energy here on Earth. One analyst thinks some regional powerhouses may leverage that role into the development of natural resources in space. Countries like the United Arab Emirates and Saudi Arabia are developing space programs and investing in nascent private space commodity initiatives, said Tom James, a […]

Who wants to be rich like a sheikh?


Long before the Russians blinded English society with their conspicuous wealth, it was the Arabs descending on Europe’s capitals in the 1970s who became proverbial for their prodigious wealth: “Rich like an oil sheikh,” said the gawping crowds as they watched the princes in their floating garments checking into the most luxurious hotels, showering bell […]

Oil Companies Exploiting Famine And Financial Ruin In South Sudan

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South Sudan’s vulnerable financial state is making the civil-war-torn state easy prey for opportunistic oil and gas companies that could be offering Juba a fraction of the energy profits they would earn under stable circumstances. The South Sudanese government and three humanitarian agencies declared a famine in some parts of the country in February, while […]

Oil majors’ reserves are shrinking and investors don’t mind


As crude prices recover, oil majors face a dilemma – how quickly should they seek to replenish reserves? It’s the same question the cyclical oil industry has tackled many times before: go too fast and risk spending too much for little reward, go too slowly and your rivals will be better positioned to grab market […]

Chevron executive pay rises

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Compensation for three of Chevron Corp’s (CVX.N) senior leaders, including Chief Executive John Watson, rose last year due to a change in how the value of pensions are calculated. The disclosure, required by U.S. regulators, comes as the oil industry grapples with low prices and Chevron, the second-largest U.S.-based oil producer, tries to bounce back […]

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Jagged Peak Energy Inc. (NYSE:JAG) PT Lowered to $18.00 #PeakOil

@jbarro @Noahpinion America's auto infrastructure need to be removed. If #Trump's negligence is a moratorium it is a good thing. #ClimateChange #PeakOil

@mcspocky Will not be a long life due to #climate disasters coming his way. #methane in tundra, #peakoil.

Why big renewable buyouts aren't on the horizon... yet #PeakOil