A crude oil refinery is a group of industrial facilities that turns crude oil and other inputs into finished petroleum products. A refinery’s capacity refers to the maximum amount of crude oil designed to […]

In a paper presented at Chatham House, Matthew Hulbert of European Energy Review argues that there is an inherent instability in world oil markets because the OPEC producing countries have failed to […]

I, along with my editor Sam Avro, recently conducted a broad-ranging interview with John Hofmeister, former President of Shell Oil. The topics touched upon included future oil supplies and prices, climate change, […]

As U.S. retail gasoline prices once again near $4.00 a gallon, does this pose a threat to the economy and President Obama’s prospects for re-election? My answer is no. The graph below […]

A group of Nissan Leaf owners recently conducted a test in Arizona to see if high ambient summer temperatures in Arizona have  permanently reduced the capacity of their batteries to hold a […]

Access to affordable, stable energy supplies is critical for economies throughout the world. For developing countries, affordable energy can offer a pathway to a better quality of life. But between 2000 and […]

By some estimates, a single container ship can cause as much pollution as 50 million cars on the road. That is because until recently, these ships have been largely unregulated. But new […]

There are two commonly referenced measures of market price uncertainty: historical volatility and implied volatility. Historical volatility measures how much prices have varied in the past, and implied volatility uses options prices […]