follow us like us subscribe contact us
Loading, please wait

Article Archive

  • This Top-Five Gold Producer Is In Chaos

    Short but potentially critical item for the gold sector: the collapse of the government of Burkina Faso.The West African nation dissolved its parliament yesterday. Following violent protests in the capital of Ouagadougou.Demonstrators descended on the city's downtown, in reaction to President Blaise Compaore attempting to extend his term in office. Compaore has been in power since 1987, and had been seeking to amend the constitution to allow him to seek another term once his mandate runs out next year.Related: These Gold Numbers Are About To Hit A 15-Year HighProtestors reportedly burned buildings, including government offices and the country's parliament building…

  • China Filling Strategic Reserve With Cheap Oil

    With oil prices at new modern lows, China is seizing the opportunity to stock up.The Wall Street Journal reports that a division of China National Petroleum Corporation (CNPC) just completed the largest purchase ever for crude oil on an exchange based in Singapore, securing 40 tanker loads in October alone. The move comes after China’s oil consumption had its second highest month ever in September.The Dubai/Oman oil marker is a benchmark for crude oil coming from the Middle East, and there is a trading exchange in Singapore, where traders confirmed China’s latest move. On its face, the move is not…

  • How Safe Are Turkey’s Oil And Gas Pipelines?

    Bashar Assad is a man of his word. In 2011, when the civil war began in Syria, President Assad delivered a promise to the international community and a threat to his neighbors: the violence will spread.Today, Iraq is partially occupied by the Islamic State -- which can trace its beginning to the chaos of war-torn Syria -- Lebanon has been repeatedly hit by Syria-related violence, and border towns and villages along the Turkish-Syrian border have come under attack from various forces fighting in the country. Even Jordan is suffering under the weight of more than a million Syrian refugees who…

  • Why Investors Shouldn’t Overlook Argentina’s Energy Reforms

    With presidential elections looming next October, international investors eyeing Argentina’s potentially prolific shale gas plays are biding their time. Cristina Kirchner is now well into her last term, marking the end of a government that has heavily regulated the energy industry and imposed economic restrictions that discourage foreign investment. But while anxious for a new administration to take power, investors must realize that some of the important reforms taking place today will set the stage for conditions in the energy sector for years to come. Argentina’s nascent shale industry represents one of the most promising frontiers for unconventional oil and…

  • Shell Needs Five More Years In The Arctic

    The damaged Royal Shell Dutch drilling barge Kulluk is loaded onto a transport ship in Unalaska, Alaska, on March 19, 2013.CREDIT: AP Photo / Jim PaulinRoyal Dutch Shell wants the U.S. government to give it another five-year crack at drilling in the Arctic.Back in July, the oil giant sent a letter to the Department of the Interior and its Bureau of Safety and Environmental Enforcement (BSEE), requesting that its leases — which will expire in 2017 — be paused for five years while the company regroups its attempts to start drilling operations. The letter was made public on Monday by…

  • 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…

  • How A Solar Revolution Could Be Near

    Credit: ShutterstockCan we build enough carbon-free energy fast enough to avert catastrophic climate change without having to power this energy transition with fossil fuels that would undermine the whole transition? The answer is “yes,” and here’s why.The “global solar photovoltaic industry is likely now a net energy producer,” concluded a Stanford study released last year. That was followed by a very detailed analysis, Energy Balance of the Global Photovoltaic (PV) Industry, by post-doc Michael Dale and Global Climate & Energy Project director Sally Benson. They examined how much energy is consumed during the entire lifecycle of the production process for…

  • Is This "Lost Nation" The Next Big Oil Opportunity?

    We saw an interesting confluence of announcements the last two weeks. With a number of countries announcing potentially important reforms on licensing and permitting of resource projects.These are the kind of changes that can make a big difference to new projects. Perhaps opening up whole districts to exploration and development--for a number of commodities.Indonesia, for example, said this week it will move to simplify licensing for the mining sector. Reducing the number of permits required for miners in the country--and making overall operations more efficient.Related: All Eyes On Kenya: The Next Big Oil ExporterBut the biggest move came from the…