Why the IEA is Wrong About Peak Oil Demand

The IEA predicts peak oil demand in 2028 due to the shift towards cleaner energy technologies. OPEC disagrees, forecasting rising oil demand driven by increasing energy needs in emerging economies. Two key factors often overlooked in oil demand forecasts are the growth of the middle class in emerging economies and the energy demand for artificial […]

Did we inadvertently speed global warming?

A paper published late last year by climate scientists James Hansen and colleagues claims that the rate of global warming is poised to increase by 50% in the coming decades. Disclaimer: James Hansen has a bit of a checkered reputation within the climate community. There is a faction that discounts much of what he says. […]

Venezuela’s Oil Monopoly Eases

Venezuela is allowing a small startup to import fuels even as the country struggles to feed its owns refineries and the recent reimposition of US sanctions presses on its industry. The country’s oil minister granted Eway, founded in 2022 to cater to the private aviation industry, a permit in March to import low and ultra-low […]

Why Germany is Choosing Natural Gas Over Nuclear Power

Germany’s anti-nuclear stance is based on historical factors rather than current geopolitical realities. Germany’s decision to phase out nuclear energy has led to concerns about energy security and higher energy prices. Despite public regret over the nuclear shutdown, Germany’s unique energy transition path faces challenges due to the slow and costly nature of new nuclear […]

U.S. coal-fired electricity generation decreased in 2022 and 2023

Data source: U.S. Energy Information Administration, Hourly Electric Grid Monitor Note: The chart series reflects the average electricity generation from coal for a given hour across one year; the data are reported in 24-hour increments for the U.S. Lower 48 states, based on local time. Electricity generation from units that primarily consume coal in the […]

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy