By Nick Cunningham: “The oil and gas industry tried to bully us into backing down, but we took our fight all the way to New York’s highest court,” said a town supervisor. The battle has moved on to other states. A thorny setback for the industry.
Entries in Energy (188)
By Dan Dicker: The ruling by the Commerce Department to allow two companies to export condensates effectively ends the oil export ban. A decision that is blind to long-term US energy needs. All it does is increase the profits of a few domestic E+P players..
By Amy Gleich: Steal less, invest more, run a fair game, and sell off the pipeline system that Moscow is using to keep Ukraine in line — energy experts at a forum in Kiev.
By Andrew Topf: No-brainer? Thorium is abundant and reactors are more efficient than uranium reactors. They yield less waste, which is also less radioactive. So what's the snag?
By Scott Belinksi: Gazprom’s mega-deal with China sent shockwaves around the world. But Gazprom might not be able to honor the deal if shale reserves are not tapped soon. And that might not happen because capitalism à la russe is a harsh mistress.
Executive Report, ISA Intel: OPEC’s 2nd largest producer has the 5th largest reserves in the world and is one of the last places with enormous amounts of underexplored low-cost oil.
By Nick Cunningham: OPEC’s second largest oil producer, Iraq, is in severe disarray just as the world has come to rely on its oil for greater energy supplies.
Executive Report with ISA Intel: The EPA’s proposed rule to reduce greenhouse gases from power plants is a colossal move for the electric power sector and strikes at the heart of the coal industry. But there are big winners.
By Dajahi Wiley: US oil production surged 64% since 2008, natural gas production 42% since 2005 – driven by the shale revolution. BP and Exxon saw the US as energy self-sufficient in 20 years. But three major red flags should curb this unfettered enthusiasm.
Executive Report with ISA Intel: Slashing the smoke-and-mirrors hype of the Monterey shale by 96% socked not only oil companies but also the state of California that was dreaming of $24.6 billion a year in revenues and 2.8 million jobs, now dissipated into thin air.
By Nick Cunningham: The US shale oil and gas industry is in trouble. Drillers have to borrow more and more just to stay on the fracking treadmill, even as production and revenues disappoint. And some of them could be heading toward bankruptcy.
This chart shows how the vision of US liquefied natural gas exports to free Europe from Russia’s clutches or make big bucks off energy-starved Japan is nothing but a juicy lure in the big money game.
By Nick Cunningham: ExxonMobil, BP, Total, and other oil majors are doubling down in Russia despite moves by the West to isolate Russia; they just signed mega-contracts with state-owned Russian oil companies – sanctions be damned.
By Ky Krauthamer: Grins were on the faces of CNPC executives as they celebrated a blockbuster 30-year deal for Russian gas. For some, however, those grins might turn to grimaces; CNPC has been caught up in a series of highest profile corruption investigations.
By Nick Cunningham: As Russian President Vladimir Putin tries to tighten his grip over Eastern Europe with Gazprom’s vast web of natural gas pipelines, one tiny European country gained a bit of leverage over Russia: Lithuania.
By Nick Cunningham: Vietnam and China are in a red-hot standoff in the South China Sea over China’s oil rig in Vietnam’s 200-mile exclusive economic zone. But inaction in Congress has boxed the US into a corner.
By Nick Cunningham: Petrobras is the world’s most indebted and least profitable oil major. It has $114.3 billion in debt. Production stagnates. Its shares have lost half their value since 2010. It’s embroiled in scandals. And President Dilma Rousseff is on the hook.
What would have been a demented propagandist’s flight of fancy a decade ago has become reality: For the first time in history, the US imports more oil from our dear and reliable neighbor Canada than from OPEC. With major consequences.
By Nick Cunningham: Russia’s primary energy customer is Europe, which is now planning sanctions. That has accelerated the natural gas deal Russia is trying to hammer out with China. But they’ve been negotiating for years, the biggest sticking point being price!
By John Daly: It “tried to keep its rewards and shed its responsibilities by playing a corporate shell game, putting its oil-and-gas business in a new entity and leaving behind a bankrupt shell” with environmental liabilities of defunct, polluting businesses.