If you want an objective view of energy, ask an economist, who can tell you what to expect to pay at the pump in the coming years, and why, as well as what to expect from medium- and long-term economic growth and what the real drivers will be. These are questions that are crucial to a pending decision by the US government over natural gas exports, and while we know where big oil stands versus its manufacturing rivals—it’s the economist who can set things straight. Mark Thoma is a macroeconomist and time-series econometrician at the University of Oregon. His research…
Sideways oil and gas markets don't mean that investors can't find good upside opportunities and get paid while they wait for more exciting times. Michael Peterson, managing director and senior equity analyst at MLV & Co., tells The Energy Report why upstream MLPs offer stability and continued growth and which names stand out from the crowd.The Energy Report: Oil prices have been stuck in a $10-trading range in recent months. What are you predicting in the foreseeable future, and how does that affect your outlook for the companies you cover?Michael Peterson: We expect range-bound crude prices through 2014. We're forecasting…
Is green living experiencing a downturn? Are people still interested in making green lifestyle adjustments? Or has environmental economics and politics dulled the revolution? How can we turn environmental green into the color of money? “Green living” often conjures up images of hippies in hemp clothing preaching an apocalyptic message, or upper middle class people who can afford to be environmentally self-righteous. The reality is - or should be - much different. Dan Shapely, senior contributing editor for TheDailyGreen.com - a consumers’ guide to living green and saving money--helps us shed the hemp and the sandals and tells us what…
Until recently Tunisia was considered to be a minor league and relatively underexplored venue in Africa’s rapidly expanding oil & gas scene. This situation has quickly changed with new bid rounds and forced relinquishments creating an opportunity for new companies to come in. Major E & P companies like Shell have jumped at the opportunity to acquire ground that had been dominated for decades with little to no work conducted, mostly by European State oil & gas companies in this former French protectorate. For the first time major spending has been committed to test Tunisian basins which are arguably equally…
At a time when extreme weather incidents are causing billions in damages, businesses, governments and the public need the right information to make the right decisions. The bad news is that nature of superstorms like Hurricane Sandy has a human fingerprint. The good news is that if man is harming the climate, man can also do something about it.Dr. John Abraham is a thermal sciences researcher and professor at the University of St. Thomas, in Minnesota who has straddled many worlds in his quest for answers to climate change, from working with the US defense industry to pro-bono work creating…
We couldn’t pin down global warming, exactly, so now it’s re-labelled as climate change, which is an incredibly vague loaded term that no-one fully understands. The difficulty of pinning down this “wicked problem” has produced more uncertainty than ever and rendered the subject the purview of politics that has polarized the public and turned the issue into something reminiscent of the dark ages and conjuring up of weather-focused demons. Amid these dark ages, the voice of former TV meteorologist and meteorological instrumentation specialist Anthony Watts has become unusually controversial. The knee-jerk reaction of a polarized public has been to place…
This where we stand, and it’s a fairly bleak view: Peak oil is almost here, and nothing new (with the possible but unlikely exception of Iraq) is coming online anytime soon and while the clock is ticking - forward movement on developing renewable energy resources has been sadly inadequate. In the meantime, the idea that shale reservoirs will lead the US to energy independence will soon enough be recognized as unrealistic hype. There are no easy solutions, no viable quick fixes, and no magic fluids. Yet the future isn’t all doom and gloom – certain energy technologies do show promise.…
The oil and gas game can be a tricky one for junior companies, but if played right the pay-off can be massive. At a time when juniors are risking a lot in volatile venues in the Middle East and Africa, Canada’s Aroway Energy (ARW) is planting its feet firmly in homeland soil and in conventional plays.Why? Because for the smaller juniors this is not a long-term game and blowing all your capital to drill a single unconventional well in a risky frontier won’t pay off. Canada still has plenty to offer for juniors, even though you have to kiss plenty…
Pipelines used to be things that were just built without blinking. It is said that there are enough pipelines now in the US to encircle the Earth 25 times with enough left over to also tie a bow around it. Today, getting a pipeline built is not so easy - there are too many environmental concerns and the industry has become highly polarized. But here’s one thing that could bring everyone together: pipeline safety technology. And it’s something we all want, especially for those who live along the thousands of miles of aging pipeline routes that carry hazardous liquids. Spawned…
Kenya has become the hottest oil and gas venue in East Africa since big discoveries were made in the country’s virgin oilfields last April. All eyes are on Kenya in 2013 to see how quickly--and economically they can develop those discoveries into production.Nairobi based Taipan Resources Inc. (TPN-TSXV; TAIPF-PINK) is the 4th largest acreage owner in Kenya, and is getting ready to carry out seismic on Block 2B. They recently attracted Maxwell Birley as CEO. Mr. Birley has been instrumental in discovering more than 2 billion barrels of oil equivalent in his 30-year career—much of it in Africa and Asia.In…