Energy Problems: Yes, Still There

Back in June 2021, I wrote a longform piece on the energy sector called, “The Case for a Longer-term Oil and Gas Bull Market“. I followed this up with a shorter piece in July 2022 called “Energy: The Area Under the Curve“, which emphasized that it was the integral of energy prices (i.e. the time […]

Nuclear Explained – Is Fusion Energy Possible?

28 October 2022 For decades, fusion energy has been a distant dream offering the prospect of almost limitless clean energy. But now with burgeoning private sector involvement and major scientific breakthroughs occuring regularly, it seems like fusion’s realization is getting closer than ever. In this episode, experts explain the science behind fusion and the challenges […]

Russia-Ukraine conflict pushing world towards clean energy

Russia’s invasion of Ukraine is a historic turning point in global energy markets, providing an unprecedented incentive to accelerate the transition to clean energy sources of fuel, according to the World Energy Outlook 2022 released on October 27, 2022. Economic sanctions on oil and coal imports from Russia and its cutback on the natural gas […]

Davos in the Desert: What New “Saudi First” Policy Means for Oil and Power

Prince Abdulaziz bin Salman has had enough. The Saudi Energy Minister, object of vitriolic criticism in Washington since he led the OPEC+ cartel into an oil output cut this month, said he keeps hearing: “Are you with us, or against us?” But the kingdom isn’t choosing sides, he told Wall Street’s good and great this week […]

At the peak, but not on track

ARE WE THERE YET? — The world may for the first time be on a policy course to actually stop increasing its fossil fuel use. The International Energy Agency released projections on Thursday that show current policies will be enough to force a peak or plateau in the use of fossil fuels, even with the […]

Fossil fuels to peak this decade as new world energy order takes shape

For the first time, global demand for each of the fossil fuels shows a peak across all World Energy Outlook scenarios, with Russian exports, in particular, falling significantly as the world energy order is reshaped. This is one of the key findings in the International Energy Agency’s (IEA) World Energy Outlook 2022 report (WEO), released amidst what has been hailed […]

U.S. Officials Had a Secret Oil Deal With the Saudis. Or So They Thought.

As President Joe Biden was planning a politically risky trip to Saudi Arabia this summer, his top aides thought they had struck a secret deal to boost oil production through the end of the year — an arrangement that could have helped justify breaking a campaign pledge to shun the kingdom and its crown prince. […]

Europe’s Energy Crisis May Not End Until 2024

The EU gas storage units are nearly full giving some relief to fears of shortages Challenges remain for the continent’s energy security as winter arrives The challenges will persist into the winter of 2023-24. The worst energy security fears of spring and summer as regards the coming winter in the European Union-EU, have been somewhat […]

Summers Warns on Deficit ‘Doom Loop’ Risk, Oil Price Spike

“That would be a real mistake” to conclude that other countries wouldn’t end up confronting similar challenges, Summers told Bloomberg Television’s “Wall Street Week” with David Westin. The first lesson from the UK is “that things can change extraordinarily fast.” Governments need to pay increasing attention to their budgets, with mounting deficits alongside surging borrowing […]

What ‘Backwardation’ Has to Do With US Diesel Squeeze

A crisis is once again brewing in the US for the diesel fuel that powers trucks and heats homes. Global shortages and a market phenomenon known as backwardation are frustrating Biden administration efforts to bolster dangerously low domestic inventories and keep prices from soaring as winter approaches. Officials are now considering steps like export restrictions […]

The world’s oil buyers are being crushed by a surging dollar

Brent oil has dropped more than 30% from this year’s high, but you wouldn’t know it if you live in Paris, Mumbai or Accra. The decline in the global oil benchmark from nearly $128 a barrel has dovetailed with a jump in the dollar of about 15% over the same period. That means fuel prices […]

Can we prevent the extinction of species?

ASK any class of schoolchildren who are steeped in knowledge and experience of the natural world, who have been on many field trips to the forests and the sea, and have seen numerous documentaries on wildlife and the challenges and harm being done to our planet, what they want to do or be when they […]

The US Northeast is so short on heating oil that the fuel used to power home furnaces is being rationed even before the start of winter

The US Northeast is so short on heating oil that the fuel used to power home furnaces is being rationed even before the start of winter. Some wholesalers in Connecticut are putting retailers on allocation, meaning they can only get a limited amount of fuel based on availability, according to Chris Herb, president of the […]

Biden announces release of 15 million more barrels from oil reserve

On Wednesday, President Joe Biden announced that 15 million more barrels of oil will be released from the Strategic Petroleum Reserve in order to combat rising gas prices. This move is a part of Biden’s plan announced in March to release 180 million barrels in 2022.\ Tune in as I deliver remarks on additional actions […]

Japan Considers Extending Nuclear Plants’ Life Beyond 60 Years

Japan’s government is considering extending its 60-year limit on the operation of nuclear power plants and may submit legislation on new rules next year, as it grapples with tight energy supplies and rising costs, the Nikkei daily reported on Friday. The new regulations under consideration would remove limits on nuclear plant operation, allowing repeated extensions […]

Exxon Completes Russia Exit

Exxon Mobil Corp. completed its exit from Russia, calling the departure an “expropriation” of its main Russian operation and potentially setting up a future legal challenge. “With two decrees, the Russian government has unilaterally terminated our interests in Sakhalin-1 and the project has been transferred to a Russian operator,” an Exxon spokesperson said in a […]

The Most Consumed Energy Sources In Every Country Of Europe

Europe is racing to ramp up renewable energy capacity, but many countries are still reliant on fossil fuels. France is the only country in Europe whose energy is mostly comprised of nuclear power. Scandanavia also stands out for its hydroelectric energy use. Much of Europe has set itself the goal of switching away from heavily […]

A paradigm shift is on the way

Politics is in bad odour, not just here but also in most other parts of the world where more and more people are coming to the conclusion that its practitioners are only interested in their own personal welfare. This may be unfair; many really do want “to make a difference,” by which they mean a […]

Forecast: Perfect Storm in Egypt, Part I

“They need to loosen regulations, they need to release all those permits sitting on someone’s desk for drilling on federal lands, and they need to allow the Keystone XL pipeline to come down to deliver the Canadian oil sands to American consumers,” said Darlene Wallace, a board member of the Oklahoma Energy Producers Alliance. “And […]

OPEC could tip the world economy into recession, warns IEA

By Hanna Ziady, CNN Business Western governments are furious after OPEC+ decided last week to slash oil production by the largest amount since the start of the pandemic. They have good reason to be upset: The cartel’s actions may tip the global economy over the edge, the International Energy Agency has warned. “With unrelenting inflationary […]

The Global Energy Order Is Unravelling Fast: Welcome to World War E

Hello and welcome  to today’s Elements, our energy and commodities newsletter. Bloomberg Opinion’s Liam Denning writes on the multiplying conflicts tearing at the fabric of the global energy order. And if you haven’t yet read the investigation by our US oil reporter Kevin Crowley into the exodus of workers at Exxon Mobil, it’s well worth […]

Lies, Oil Drilling, and Manipulation: There WILL Be Consequences

November 8, 2022, cannot come soon enough.  Perhaps it’s a bit of wishful thinking, but once the midterm elections are finally behind us, there’s a small chance that the politicking will calm down for a brief while. One can only hope. Turning the global oil markets into a political game full to the brim with […]

Alex Jones Warns of AI and Genetic Engineering in Best-Selling Book ‘The Great Reset’

Alex Jones’s new book “The Great Reset” has made it to several top-selling lists, despite a steady stream of recent news about lawsuits targeting him that put the beleaguered radio and TV host in a negative light. The book was published on Aug. 30. During its first week, it hit #2 in The Wall Street Journal, […]

The Era Of Cheap Food And Cheap Gasoline Is Over

All of our lifestyles are about to change in a major way, but the vast majority of the population still does not understand what is coming.  Throughout our entire lives, we have always been able to depend on a couple of things.  There would always be cheap gasoline to fuel our vehicles and there would […]

Your Next Pain Will Be Soaring Electricity Costs As Energy Crisis Comes To America

One central theme that comes to mind is the impact of higher natural gas prices and, by extension, power prices. Americans will soon see higher gasoline prices at the pump because of OPEC+ production cuts slated for next month. Many folks will also see their electricity bills rise this winter because NatGas generators power a […]

Germany May Be Unable To Avoid A Gas “Emergency”

Gas consumption in Germany remains high in light of current tight supply. The inability to reduce natural gas consumption will only increase the risk of drawing down supplies in storage quicker. Despite the current demand, natural gas continues to be injected into storage. Germany is entering a dark winter with too much natural gas consumption […]

Is the Energy Transition Taking Off—or Hitting a Wall?

With the Inflation Reduction Act, the federal government is illogically encouraging the increasing use of fossil fuels—in order to reduce our reliance on fossil fuels. The passage of the Inflation Reduction Act (IRA) constitutes the boldest climate action so far by the American federal government. It offers tax rebates to buyers of electric cars, solar panels, heat […]

The thinnest veneer of civilization

Civilization is fragile. It hinges on ensuring the stuff of life. To be able to eat, to move about, to have shelter, to be free from state or tribal coercion, to be secure abroad, and safe at home – only that allows cultures to be freed from the daily drudgery of mere survival. Civilization alone […]

How the world became overwhelmed

We all feel it. News is always about the unexpected, but this cycle of news is uncommonly grim, and we are all exhausted by it. Look around at the world, starting with Russia. Russian President Vladimir Putin has signed treaties to annex parts of Ukraine following a manipulated referendum carried out at gunpoint. In defiance of international […]

Why OPEC+’s Oil Production Cuts Aren’t What They Seem

Major oil producers meeting in Vienna Wednesday agreed to reduce their crude production levels by 2 million barrels a day starting next month, but that’s not a guarantee that prices will continue to climb. “The market wasn’t thrilled since the actual cuts would be half what the headline number suggests,” given that members of the […]

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LATEST NEWS HEADLINES

• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
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• Desertification: the world is losing healthy land at an astonishing rate
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• Saudi Arabia piles pressure on UAE to shift COP28 focus away from oil and gas
• US Warship, Commercial Ships Under Attack In Red Sea