The emergence of shale gas has caused natural gas prices in North America to drop to the lowest levels seen in decades. Shale gas resources elsewhere in the world, however, have not […]
Riyadh’s OPEC Whip Risks Russian Backlash
The Secretary General of OPEC, Abdalla El-Badri couldn’t have put it any better in Vienna today, ‘there are genuine demand uncertainties’. To prevent further ‘demand destruction’, OPEC has decided to keep official […]
This Week In Petroleum Summary
Yesterday, the U.S. Energy Information Administration (EIA) issued its June Short-Term Energy Outlook (STEO) , which included significant downward revisions to the crude oil and petroleum product price forecasts for the second […]
From the Union of Concerned Scientists, a Framework for Reducing Oil Consumption
The Union of Concerned Scientists, a nonprofit American watchdog group, released a framework document this week for reducing the projected oil use of the United States by half over 20 years. On […]
IEA Report: Natural Gas Is Not The Answer To Climate Problem, Existing Cleantech Is — And It Could Save $100 Trillion By 2050
The once staid International Energy Agency continues its string of blunt, must-read reports laying bare the reality of our climate and energy system. While so many “experts” and politicians make hand-waving pronouncements […]
OPEC’s Pending Bloodbath
OPEC has been on auto-pilot for the last year. Anyone who had any spare oil, put it on the market, Asian consumers would soak it up. Prices firmed nicely above $100/b, more […]
Saudi Arabia and Natural Gas Liquids
The price of crude oil has been shown to have significant impact on the global economy, and in the current and somewhat fragile state of the various parts of that economy, the […]
Master Of My Domain: What The Heck Are Master Limited Partnerships And How Could They Boost Clean Energy?
For years, the oil and gas industry has claimed that it only receives tax benefits that are available to every other company. This is, of course, patently false. From special treatments of […]
U.S. crude oil production in first quarter of 2012 highest in 14 years
Strong growth in U.S. crude oil production since the fourth quarter of 2011 is due mainly to higher output from North Dakota, Texas,and federal leases in the Gulf of Mexico, with total […]
Turning Saltwater From Earth and Sea Into Drinking Water
SAN ANTONIO — Drilling rigs in the midst of cow pastures are hardly a novelty for Texans. But on a warm May day at a site about 30 miles south of San […]
Prometheus Institute 