follow us like us subscribe contact us
Loading, please wait

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.

  • How Long Can The Shale Revolution Last?

    A new study has cast serious doubt on whether the much-ballyhooed U.S. shale oil and gas revolution has long-term staying power.The U.S. produced 8.5 million barrels of oil per day in July of this year -- 60 percent more than just three years earlier. That is also the highest rate of production in three decades. Put another way, since 2011, the U.S. has added 3 million barrels per day in additional capacity to global supplies. Had that volume not come online, oil prices would surely be much higher than they currently are. That has “revolutionized” the energy industry and geopolitics,…

  • The Five Worst Climate Villains Among World Leaders

    Australian Prime Minister Tony Abbott and Canadian Premier Stephen have just landed near the bottom of a ranking of the world’s worst climate villains. The 2014 Climate Change Performance Index, published by Germanwatch and the Climate Action Network, called out Abbott and Harper for aggressively dismantling and blocking clean energy policies in their countries. They came in at 57th and 58th in a list of 61 names, and have some illustrious company at the bottom. Let’s take a look at the worst five.1. King Abdullah of Saudi ArabiaDead last on the Climate Action Network’s list and holder of the worst…

  • Oil And Coal: Energy Substitution And How It May End Soon

    Figure 1 shows annual percentage contributions to total global energy consumption by fuel type since 1965. I plotted it up to see if it contained any hidden messages about the world energy market that had escaped my attention (the data used to construct all the graphs presented in this post are from the BP 2014 Statistical Review): Figure 1: Percent contribution to global energy consumption by fuel typeAt first glance there was nothing new. Oil‘s contribution peaked in 1973 and has been trending down ever since. Coal’s contribution declined rapidly between 1965 and 1977, but then it flattened out and after…

  • Total Makeover: Can Pouyann√© And Co. Move Forward In Russia?

    The head of French oil company Total is dead, and conspiracy theories and questions are swirling about the impact the future direction of the French energy giant will have on geopolitics and energy markets. A decision to continue investing in the Russian energy sector could sink Total’s ship, while withdrawal of that investment could create a Yuan-sucking vacuum and deepen a burgeoning Russian-Chinese partnership. As the investigation into the Oct. 20 plane crash that resulted in the death of CEO Cristophe de Margerie continues in Moscow, Total has begun to pick up the pieces. The company moved quickly to promote…

  • The End of the Crisis for Now: America Is Awash in Energy

    Across America, something unusual is happening on main streets, in suburban strips, and at country stores: workers are lowering the prices on the signs for gasoline.Veterans of the energy crisis that began in 1973 and has continued, with perturbations, ever since, are trying to get their heads around this enormous reversal of fortune: there is no energy crisis for any fuel in America as winter approaches. That was the message delivered loud and clear at the annual Energy Supply Forum of the United States Energy Association (USEA).Indeed the main problem, if there is one, is that oversupply is driving down…

  • Despite Strong Gains, Electric Vehicles Still Far From Mainstream

    Sales of electric vehicles continue to rise but low gasoline prices are threatening to stall progress.From January through September of this year, sales of plug-in hybrid electric vehicles (PHEVs) and battery-powered electric vehicles (BEVs) reached a cumulative total of 88,149. That’s a 30 percent increase over the same period in 2013. That figure is also nearly triple the 31,377 PHEVs and BEVs sold in 2012. There are now 255,766 plug-in and full electric vehicles on U.S. roads. It’s far from President Barack Obama’s goal of putting 1 million electric vehicles on the roads by 2015, but the sector is finally…

  • Texas RRC Oil and Gas Report, August Data

    The Texas Rail Road Commission just released their oil and gas production report with the August data. As you probably know by now that this data is incomplete. The latest months will all turn down but as more companies report their data, which can be up to two years late, the data will reflect what is actually produced.There is something strange about the August data however. This is the first time since last November that all four data sets, Crude, Condensate, Gas Well Gas and Casinghead (Associated) gas, are showing lower production than the previous month. So keeping in mind…

  • Things Are Looking Up For Marathon Petroleum

    When stocks in a sector come under pressure, as has been the case with energy stocks over the last few months, the speed with which an individual stock bounces back when things begin to turn around can tell you a lot. If there are sound fundamental or company specific reasons for a stock to fall with everything else then any bounce back will be somewhat muted initially. Conversely, when something is dragged down with everything else despite decent prospects the snap back can be quite spectacular. When a stock jumps over 15 percent from its lows in less than a…

  • Vigilance Needed To Determine Extent Of Recent Rally

    While most investors were focused on the recent volatility in the equity markets and the weakness in the crude oil and natural gas markets, shrewd money managers were taking advantage of the low prices in the oil sector and buying undervalued stocks.  One ETF market that may have turned the corner at least in the short run is the S&P Energy Select (XLE). After reaching its lowest level since the week-ending June 28, 2013, it posted a strong rebound from last week’s low at $77.51. It is currently trading close to 10% higher at $86.28. Based on its sell-off from…

  • 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…