For the Global Oil Market, Russia’s Output Cut Isn’t Happening

Wherever you look outside of Russia, there is precious little sign of the oil production cut that President Vladimir Putin and other government officials say is underway. For Russia’s allies in the OPEC+ grouping, who’ve committed to cutting their own output to prop up oil prices, the fact the country isn’t withdrawing supplies from the global market […]

Could the EPA break America’s power grid?

As policymakers in Washington like to point out, America is undergoing an “energy transition.” But as Washington embarks on a major national shift toward renewable energy, there’s a serious question—can we manage this wide-scale transformation without losing the security and reliability of our existing power grid? The answer—according to the nation’s grid reliability experts—is that […]

‘Worst yet to come’ for Europe energy shortages

Qatar’s energy minister warned on Tuesday the “worst is yet to come” for Europe’s oil and gas shortages, saying a warm winter had prevented greater difficulties in recent months. Saad al-Kaabi and his Saudi counterpart Prince Abdulaziz bin Salman said a lack of investment in oil and gas, as the world tries to transition to […]

Over half of world’s largest lakes, reservoirs in decline

A study published Thursday revealed that over 50% of the planet’s biggest lakes and reservoirs are experiencing a decline, posing a significant threat to the future water security of humanity. The study identifies climate change and unsustainable consumption as the primary factors responsible for this concerning trend.     “Lakes are in trouble globally, and […]

U.S. Shale Production Is Set For A Rapid Decline

I have argued in several Oilprice articles, and most recently in February 2023, that the era of increasing output from shale wells did not have much more room to run absent a price signal that caused a huge increase in drilling. A price signal similar to the one the market received with the onset of the […]

It’s the Quiet Oil Crisis That’ll Kill You

We throw around the word “crisis” way too much today.  Just scan the headlines yourself, and you’ll see exactly what I mean. You know the saying about making a mountain out of molehill, right?  We don’t hold too much of a grudge against them, though, do we? After all, the hyperbolic, clickbait nature of today’s […]

Brazil is foregoing oil wealth in favor of environmental goals

Brazil’s top environmental regulator rejected a planned offshore oil drilling project by the state-owned oil company Petrobras near the origin of the Amazon River in the Atlantic Ocean on Thursday (May 18), showcasing the government’s commitment to environmental conservation. In his written decision, Rodrigo Agostinho—the regulatory agency’s president—cited the possibility of oil spills in an […]

U.S. At Risk Of Blackouts This Summer

Extreme weather this summer will strain the U.S. power grids, putting two-thirds of North America at risk of electricity shortfalls this summer during periods of peak demand on the hottest days, the North American Electric Reliability Corporation (NERC) said this week in its reliability assessment. In a normal summer with around-usual temperatures, the grid would cope as […]

World’s largest battery maker announces major breakthrough in energy density

In one of the most significant battery breakthroughs in recent years, the world’s largest battery manufacturer CATL has announced a new “condensed” battery with 500 Wh/kg which it says will go into mass production this year. “The launch of condensed batteries will usher in an era of universal electrification of sea, land and air transportation, […]

Turkey Makes Huge 1-Billion-Barrel Oil Discovery

Turkish Petroleum (TPAO) has made the largest crude oil discovery onshore Turkey with a find estimated to hold 1 billion barrels of crude, the Turkish company said. The discovery was made in the southeastern province of Sirnak, which borders the semi-autonomous Kurdistan Region in Iraq and Syria. Turkish Petroleum has drilled an exploration well and […]

Group led by China, Russia criticizes global institutions

Foreign ministers from a group of nations led by China and Russia criticized on Friday the ability of world institutions to resolve geopolitical problems, including the coronavirus pandemic, and said their organization should do more to address such challenges. Indian Foreign Minister Subhramanyam Jaishankar said in remarks at a meeting of the Shanghai Cooperation Organization […]

The Kremlin Did Not Kill Itself: Notes From The Edge Of The Narrative Matrix

Listen to a reading of this article (reading by Tim Foley): ❖ Your rulers do not care what race you are. They do not care if you are gay, transgendered or nonbinary. They do not care how many bullets you are allowed to have in your gun. They do not care whether you are allowed […]

A Stranded Society: Fossil Fuel Infrastructure in a Post-Carbon World

Believe it or not, the fossil fuel industry used to be considered a bad investment. This is hard to believe in 2023, with the sector accruing gigantic profits on the back of the global energy crisis. As supplies tighten, profits increase and the expectation that oil and gas investments were stranded assets — destined to […]

The Supply of Lithium is Far from Guaranteed

Your kidding? It takes that much water to mine lithium! Lithium is a lynchpin of our current clean energy strategy. It impacts everything from electric vehicles to battery storage for solar and wind. The only problem is the supplies of lithium aren’t in the most advantageous places and getting it out of the ground is […]

Kunstler: Pretend to the End

The creatures of the underworld running our country must think the public is awfully stupid. You are expected to take at face value the claim that “Joe Biden” is actually up for re-election. Could it be more obvious that he’s pretending? (Just as he’s been pretending to serve as CEO of our government.) Meanwhile, we […]

U.S. Liquefied Gas Flooding Europe

The oil and gas industry has moved quickly to take advantage of the disruptions caused by Russia’s invasion of Ukraine. In 2022, a surge of shipments of liquefied natural gas (LNG) from the United States was redirected to Europe in order to replace Russian pipeline gas and secure supplies for the European winter. By taking […]

Scientists Discover Fungi That Can Eat Plastic in Just 140 Days

Our planet has a plastic problem. Accumulated waste and constant production have resulted in mounds of trash around the globe and bobbing in our oceans. Recycling is a good step, but it is limited by the technology’s availability and the condition of the plastic in question. With 175 million tonnes (192.9 million tons) of plastic […]

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