The credit ratings of more than 10 oil producing nations in the developing world were placed on review for a downgrade by Moody’s Investors Service, which cited the shock of depressed oil […]
U.S. methane problem is much worse than we thought
It’s no secret that the United States has a methane problem. Methane accounts for about one half of 1 percent of the country’s greenhouse gas emissions — it’s released mostly from natural gas […]
ExxonMobil’s New Reserves Fall Short For First Time In 22 Years
For the first time in over two decades, ExxonMobil failed to replace the oil and gas that it pumped in a year.ExxonMobil reported on February 19 that it added 1 billion barrels […]
Is Oil Pushing Down The Economy, Or The Other Way Around?
Conventional wisdom has long held that when oil prices drop, consumers experience an increase in discretionary income while corporations experience a boost in profit margins. At the same time, companies in the […]
It’ll Take More Than an Oil Rally to Restart Shale Boom
Explorers in U.S. oil fields stung by the quick rise and fall in the market last year are expected to move cautiously when crude prices begin to climb again.Bill Thomas, chief executive […]
The Coal Decline Is Now Irreversible
There was a lot of talk last year about coal resources needing to be left in the ground if the world was to reach its 2-degree-celsius reduction environmental targets.The suggestion was that […]
How Much Oil Output Halted Due to Low Prices? Just 0.1%
After a year of low oil prices, only 0.1 percent of global production has been curtailed because it’s unprofitable, according to a report from consultants Wood Mackenzie Ltd. that highlights the industry’s […]
Rethinking the Airplane, for Climate’s Sake
It will never soar into the wild blue yonder, but the dusty Peterbilt truck parked outside a hangar at NASA’s Armstrong Flight Research Center here may represent the future of low-carbon aviation.Perched […]
Small Modular Reactor Startup With Molten Salt Nuclear Design Wins $8M in Funding
Small modular reactor startup Terrestrial Energy just closed $8 million in funding from undisclosed sources for its proprietary Integral Molten Salt Reactor design, according to SEC documents. The small nuclear reactors are […]
Why The U.S. Can’t Be Called A ‘Swing Producer’
Daniel Yergin and other experts say that U.S. tight oil is the swing oil producer of the world. They are wrong. It is preposterous to say that the world’s largest oil importer […]
Prometheus Institute 