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Energy / Energy-General

OIlprice.com's Energy section focuses on all energy related topics that can't be easily classified in our other categories. Topics covered are fossil fuel energy, solar energy, wind energy and many other types of energy sources.

  • Russian Credit Rating Slashed, Economic Future Remains Dim

    The struggling Russian economy was short on good news last week as Moody’s Investors Service slashed the country’s credit rating to its second lowest level, Baa2, citing the crisis in Ukraine and Western sanctions. The move follows similar ratings downgrades by Fitch Ratings Ltd and Standard & Poor’s and reaffirms Russia’s meager medium-term growth prospects. In the more immediate future, Russian equity markets remain a risky play. Long term, the picture is less clear and Russia’s vitally important energy industry is riddled with uncertainties. Related: Ukraine-Russia Gas Deal Still Possible Despite SetbackAmid Western sanctions over Russia’s actions in Ukraine, plummeting…

  • Is The UK The Most Energy Secure Country In The EU?

    Two related articles appeared in Blowout Week last Sunday. In the first the Daily Express fulminated about how the UK government’s energy policies will send electricity bills skyrocketing and maybe snuff the lights out at the same time:The green crusade of successive governments is set to double electricity bills for households and cost homes £26 billion a year by 2030, it was claimed yesterday. The cost of renewable energy and carbon taxes will put an extra £983 a year on household bills by then, compared to relying on a mix of nuclear and new gas-fired power stations, three experts told…

  • Russia Opens Criminal Probe Into Plane Crash Death Of Total CEO

    Russia’s chief investigative panel has opened a criminal probe into the Oct. 20 accident at Moscow’s Vnukovo International Airport that killed Christophe de Margerie, the CEO of the French multinational oil company Total, saying the field’s management was negligent and that the snowplow driver who apparently caused the crash was drunk.The accident occurred when de Margerie’s private jet struck the plow during its takeoff attempt, burst into flames and crashed on the runway, killing de Margerie and the plane’s three French crewmembers. The plow driver was not injured.The Investigative Committee, Russia’s chief investigative agency, said the driver of the plow…

  • Kyrgyzstan Looks to Alternative Fuels Ahead of Looming Winter Shortages

    Each winter in Kyrgyzstan the energy situation seems to worsen; blackouts last longer, and officials seem less able to do anything to improve conditions. This year is expected to be particularly difficult. The winter heating season has not even begun and already lots of people are bracing for months of hardship. A video, posted October 12 on YouTube, depicting Kyrgyz doctors having to perform open-heart surgery amid a sudden blackout, is helping to heighten anxiety about the coming winter. In another alarming signal, Bishkek’s local energy-distribution company, Severelectro, sent out advisories with recent utility bills, describing the situation as “critical” and…

  • Falling Oil Prices: Good News for the Pump

    Oil prices continued to fall this week on ample supply and signals from OPEC members Saudi Arabia and Kuwait that they can deal with lower prices and are unlikely to reduce output.On Monday, Brent crude futures dropped further to $87.74 a barrel—the lowest level since December 2010--while WTI futures were down to $84.68 a barrel. Saudi Arabia, for its part, has suggested it could handle $80/barrel prices. On Tuesday, Brent crude prices slipped further, to $87.03.Kuwait has also said that it will not be cutting output and predicted prices falling to as low as $76 a barrel before winter sets…

  • Dealing With Losses

    Unfortunately most investors in general and energy investors in particular are probably looking at some pretty alarming losses in their portfolios after the events of the last few weeks. Over time your performance as a trader or an investor doesn’t depend on whether you have any losses, as some positions going against you is one of the few certain things in a trader’s world. What counts in the long run is how you deal with them when they come.Understanding that not all investments will work out is the first step in dealing with adversity. If you know that sometimes even…

  • Australia‚Äôs Energy Policy Is Simple. Listen To The UN And Do The Opposite

    Australian Prime Minister Tony Abbott’s energy policy seems to stick to one iron-clad mantra: Whatever the United Nations advises, do the exact opposite. While this might seem like a flight of fancy chosen to make this article’s lede a little sexier, evidence is piling up. Last May, ahead of the UN Climate Change Summit, the World Bank teamed up with a number of countries and corporations to move the needle on carbon pricing. No longer did this group think it necessary to argue over whether carbon pricing was necessary, instead, it sought to establish a fair price for carbon. Rachel…

  • World War III: It's Here And Energy Is Largely Behind It

    I've been advancing a thesis for several months with friends that World War III is now underway. It's just that it's not the war we thought it would be, that is, a confrontation between major powers with the possibility of a nuclear exchange. Instead, we are getting a set of low-intensity, on-again, off-again conflicts involving non-state actors (ISIS, Ukrainian rebels, Libyan insurgents) with confusing and in some cases nonexistent battle lines and rapidly shifting alliances such as the shift from fighting the Syrian regime to helping it indirectly by fighting ISIS, the regime's new foe.There is at least one prominent…

  • Buy This Stock To Take Advantage Of Both Oil And Equity Weakness

    As stock markets and oil prices tumble in tandem, savvy investors will be aware that such a situation creates some opportunities. Some of the fall in oil prices is down to increased supply of crude, and no doubt some of the stock market decline is a natural and probably healthy correction after 18 months of solid gains. There is, however, one fear that is driving both lower: worry about a global slowdown, particularly in Europe and China. If that materializes, most economies will be affected, but recent data suggest that the U.S. economy is so far continuing on its path…

  • Caspian Sea Could Be Key To Russian Control Of Eurasian Energy Markets

    The world’s favorite hotbed of instability, the Caspian Sea, has finally earned the right to be called, well… a sea. This is the unexpected epiphany of the September 29th Caspian Sea Summit that brought together the rulers of Iran, Russia, Azerbaijan, Kazakhstan and Turkmenistan to the cozy coastal Russian city of Astrakhan. The usually yawn-inducing Summit, now in its fourth edition, ended the 18-year old debate on whether the Caspian should be legally seen as a sea or a lake. Granted, questions of geographical metaphysics don’t seem to make a very fertile ground for momentous paradigm shifts in the way…