Westinghouse, of the most important players in nuclear, filed for bankruptcy protection last week. It’s a potential blow to the global industry. After all, half of the world’s nuclear reactors use Westinghouse […]
Most Middle East Oil Producers Won’t Break Even This Year
Most crude oil producers in the Middle East, Africa and the emerging economies of Europe (EEMEA) won’t be able to patch up their budgets this year, Fitch Ratings warned, forecasting an […]
Tech Miracle In U.S. Shale Is A Media Myth
I am tired of hearing about the unbelievable impact of technology on collapsing U.S. shale production costs. The truth is that these claims are unbelievable. The savings are real but only about […]
The Importance Of U.S. Oil And Natural Gas Exports
According to the International Energy Agency’s (IEA) latest World Energy Outlook (released in November), oil and natural gas will still supply over 50% of the world’s energy in 2040. But, given the tendency to overestimate […]
Why Oil Forecasting Is So Difficult Now: Short-Cycle vs. Long-Cycle vs. “Peak Demand”
Oil experts are deeply divided in their views on the future of what is still the world’s key commodity. This divergence was on display at last week’s CERA Conference in Houston, which […]
Banner Week for Progress on U.S. Advanced Reactors
Four major announcements were made last week by developers of advanced nuclear reactors in the U.S. All of them indicate progress towards completing designs and engagement with nuclear safety agencies. There are […]
Clean Energy Can Bring $10 Trillion Annual Benefits By 2050
A dramatically increased share of renewables and higher energy efficiency have the potential to create benefits of up to $10 trillion annually by 2050, compared to estimated incremental system costs of […]
The Energy Star Program Saves Americans Billions. So, Why Cut It?
Evidently, President Trump and his environmental protection chief Scott Pruitt are just getting warmed up. Now they’ve set their sights on one of the most successful and noncontroversial energy-related programs the U.S. […]
There’s Vast Untapped Potential for Solar Rooftops in the US, Says Google
When Google first launched a website two years ago that collects data on solar rooftops, called Project Sunroof, it only covered a few cities. But this week, the search engine giant announced […]
The Glutted World Gas Market
LNG gas storage tanks are shown at the Woodside operated North West Shelf Gas Venture near Karratha in the north of Western Australia on June 17, 2008. Woodside is providing extra gas […]
Prometheus Institute 