A new study has cast serious doubt on whether the much-ballyhooed U.S. shale oil and gas revolution has long-term staying power.The U.S. produced 8.5 million barrels of oil per day in July […]
PI News Feed
Oil Price Collapse and Causal Factors
A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total […]
Are Utilities Investing Enough in Distribution to Boost Resilience and Support Renewables?
Investor-owned utilities in the United States have made increased investments in the electricity distribution system over the past two decades, according to data compiled by the U.S. Energy Information Administration. Investments are […]
Report: U.S. will reach energy independence in 2025
The U.S. will reach energy independence in about a decade, according to a new report from Wood Mackenzie’s Global Trends Service. The firm expects that 2025 could mark the first time since […]
Eight Pieces of Our Oil Price Predicament
A person might think that oil prices would be fairly stable. Prices would set themselves at a level that would be high enough for the majority of producers, so that in total […]
Methane Leaks Wipe Out Any Climate Benefit Of Fracking, Satellite Observations Confirm
Satellite observations of huge oil and gas basins in East Texas and North Dakota confirm staggering 9 and 10 percent leakage rates methane. Researchers write, “at the current methane loss rates, a […]
Oil Shocks And The Global Economy
Here I re-tread a well-trodden path, but with recent events in the oil market I thought a brief recap might be timely. I begin with a photographic illustration of a typical US […]
LNG-Dependent Japan Tries To Gain Leverage Over Pricing
Japan’s record purchases of liquefied natural gas (LNG) show no sign of slowing as the country continues to try and fill the energy shortfall created when it took its nuclear plants offline […]
Petro-dictators are in even more trouble than we thought a few days ago
On Oct. 9, we said the outlook for the world’s petrocrats looked bad. It just got worse: Saudi Arabia has been hoping that producers of American shale oil will be forced to […]
Is France’s Love Affair with Nuclear Over?
French President Francois Hollande has promised to limit the growth of the country’s nuclear power, many older reactors have been targeted for decommissioning, and Greenpeace and other environmental groups have been relentless […]
Prometheus Institute 