The trouble in the oil industry may have started with a supply glut, but the problems are rapidly spreading across all facets of the industry. BP recently included the chart below in […]
BP Spells Out What’s Wrong With Big Oil In One Chart
NextEra on Storage: ‘Post 2020, There May Never Be Another Peaker Built in the US’
Energy storage at utility scale just got a $100M vote of confidence from one of the world’s largest utilities. NextEra Energy wants to be “the largest, most profitable clean energy provider in […]
East Coast distillate fuel oil inventories higher than in recent years
Inventories of distillate fuel oil in the U.S. East Coast are higher now than they have been in the previous three years, reaching 59 million barrels on September 18. Most of the […]
Press Release: Offers for Paris Climate Talks Would Reduce Warming by 1°C
The current national offers of climate action submitted to the United Nations Framework Convention on Climate Change (UNFCCC) would reduce projected warming by approximately 1°C, according to a new analysis released today […]
Oil Prices and Production Shrinkage
Low oil prices, if sustained, could mark the beginning of a long-term drop in upstream oil and natural gas investment. Oil prices reflect supply and demand balances, with increasing prices often suggesting […]
EIA: Oil firms’ deficit between spending and cash balloons to $50 billion
The plunge in crude prices cost oil companies some $35 billion in operating cash flow in the second quarter, the U.S. Energy Information Administration said Thursday. via Fuel Fix http://ift.tt/1YEgnRd
The Real Price of Oil – IEEE
On Friday, 20 June 2014, West Texas Intermediate (WTI) crude oil traded in Cushing, Okla., at US $107.95 a barrel; by the end of the year it was selling for $53.45, almost […]
U.S. propane inventories are at an all-time high
U.S. inventories of propane and propylene reached 97.7 million barrels as of September 11, the highest level in the 22 years that EIA has collected weekly propane inventory statistics. In the first […]
Oil Companies Running Out Of Options
The financial pressure on indebted oil and gas companies continues to mount, putting them in a bind as they try to mend their deteriorating balance sheets.As their debt rises, drillers have had […]
UBS predicts coal’s share of US electricity halving by 2030
UBS report suggests coal generation’s share of US electricity markets will drop to 18 percent by 2030. via Renew Economy http://ift.tt/1FQQdz1
Prometheus Institute 