Russia can’t live with oil prices below $79 per barrel, but Finance Minister Anton Siluanov says he doesn’t expect them to drop much lower, and they may even rise a…
The following is an interview with Rudolf Hokanson in which he discusses some noteworthy players in both the oilfield services and exploration and production sectors in the US Shale scene…
Saudi Oil Minister Ali al-Naimi says there’s no need for OPEC to reduce production to shore up the price of oil because the market will fix itself. Despite his optimism,…
Could this be the first step in defeating the Islamic State? In an unexpected move Sunday, Saudi Arabia, the United Arab Emirates and Bahrain agreed to return their ambassadors to…
Not gone and not forgotten, China is ready to solidify its claim to the South China Sea (SCS). Recent satellite imagery confirms China is conducting…
With winter approaching, the piles of coal at utility yards are running well below average, and several utilities are pressuring rail companies to allow more coal trains through. The problem…
OPEC alone can’t be held responsible for setting the price of oil worldwide, a veteran oil minister says, and it’s time for producers outside the cartel to help set acceptable…
When it takes up to four million pounds of sand to frack a single well, it’s no wonder that demand is outpacing supply and frack sand producers are becoming the…
For the last 4 years, the national average retail price of gasoline in the United States stayed within a range of $3.25-$4.00 a gallon. But that all changed this…
NRG Energy is charting a path forward for the 21st century utility. The threat of distributed energy has raised concerns in utility boardrooms over the future of their business model.…
In February 2009 Phil Hart published on The Oil Drum a simple supply demand model that explained then the action in the oil price. In this post I…
U.S. Secretary of State John Kerry (right) and Iranian Foreign Minister Mohammad Javad Zarif in Vienna before…
U.S. coal export capacity is running well below capacity, and as such, exporting coal from the U.S. west coast is a losing strategy. That comes from a new report…
The Republican Party has made no bones of the fact that, now it controls Congress, it will be seeking to scale back environmental regulations in the U.S. as well as…
Russian Energy Minister Alexander Novak says Moscow is considering a possible cutback in oil production to help end the drop in prices, but there appears to be little it can…
In a recent post, A Beginners Guide to Blackouts, I drew attention to the fact that keeping the lights on in Britain was to a large extent dependent upon…
Pop the champagne corks in Washington! It’s party time for Big Energy. In the wake of the midterm elections, Republican energy hawks are ascendant, having taken the Senate and House…
The lion’s share of debate about the progress of renewable energy is missing an important dimension. It seems that the media, banks and NGOs largely value the worth of each…
For the last few columns on winners and losers of $80 oil, I want to try and construct an investment strategy we can use for the duration of what I’m…
We all know that logically we should assess the value and prospects of any stock based on the profitability and prospects of the company. That is investing 101, but sometimes…