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Nick Cunningham

Contributor since: 04 Nov 2013

Nick Cunningham

Biography

Nick Cunningham is a Vermont-based writer on energy and environmental issues. You can follow him on twitter.

Latest articles from Nick

  • OPEC Weighs Extension As Oil Markets Start To Lose Their Nerve

    Published 27 March 2017 | viewed 18,136 times

    To extend or not extend? Officials from OPEC and a select few non-OPEC countries met over the weekend to review the state of the oil…

  • Mexico Sees Its First International Offshore Drilling Success

    Published 26 March 2017 | viewed 11,160 times

    Italian oil company Eni drilled the first well by an international oil company in Mexican waters, and on March 23 they said the well indicated…

  • Venezuela In Dire Straits As Oil Production Falls Further

    Published 23 March 2017 | viewed 30,182 times

    Venezuela’s economic crisis continues to deepen. The South American OPEC member is thought to be sitting on nearly 300 billion barrels of oil, far more…

  • OPEC Out Of Moves As Goldman Sachs Expects Another Oil Glut In 2018

    Published 22 March 2017 | viewed 33,710 times

    Oil prices are heading down again on swelling U.S. crude oil inventories, with Brent dropping below $50 per barrel for the first time this year.…

  • Can Big Oil Survive A CO2 Crackdown?

    Published 21 March 2017 | viewed 8,084 times

    Over the long run, the oil business is under threat. There are various arguments about why that might happen. Peak supply people argue we are…

  • Trump’s Budget: Valuing Military Over Energy

    Published 21 March 2017 | viewed 6,044 times

    Last week President Trump unveiled his budget blueprint, which detailed savage cuts to most areas of discretionary spending while boosting defense outlays by a whopping…

  • Oil Has Room To Fall As Speculators Bail On Bullish Bets

    Published 20 March 2017 | viewed 13,272 times

    Last week, after WTI dipped to $48, it seemed to firm up a bit on assurances from OPEC regarding compliance with its cuts, and a…

  • The Single Biggest Threat To An OPEC Deal Extension

    Published 19 March 2017 | viewed 15,583 times

    If OPEC fails to agree to extend their production cuts for another six months, Iraq could be a major reason why. For many years after…

  • Wall Street Bullish On Oil Prices Despite Saudi Warnings

    Published 16 March 2017 | viewed 17,587 times

    Oil prices have given up some of the gains achieved since the OPEC deal was agreed to in late November, and confidence in the buoyancy…

  • Saudi Arabia Undermines The OPEC Deal By Increasing Production

    Published 15 March 2017 | viewed 10,917 times

    With the oil markets rattled after sharp losses in recent days, the IEA is telling everyone to slow down and stay the course, as the…

  • Natural Gas Prices Could Plunge Below $2

    Published 14 March 2017 | viewed 26,563 times

    So far this year, natural gas has performed the worst among major commodities, posting painful losses in January and February. It has rebounded somewhat in…

  • New Oil Price War Looms As The OPEC Deal Falls Short

    Published 13 March 2017 | viewed 50,929 times

    Last November, OPEC orchestrated an impressive feat: corralling all (or nearly all) of its members to sign on to relatively aggressive production cut deal, and…

  • Keystone XL Does Not Make Sense Anymore

    Published 13 March 2017 | viewed 24,098 times

    Canada’s oil industry is facing a dilemma – three major proposed pipelines but perhaps only room enough for two of them. For years, the oil…

  • Huge Oil Find Could Save Alaska’s Oil Sector

    Published 12 March 2017 | viewed 18,186 times

    Spanish oil firm Repsol SA just announced the largest onshore oil discovery in the U.S. in three decades, a 1.2 billion barrel find on Alaska’s…

  • U.S. Shale Kills Off The Oil Price Rally

    Published 09 March 2017 | viewed 37,318 times

    Oil prices plunged on Wednesday and Thursday, dropping to their lowest levels since December when the optimism surrounding the OPEC deal was just getting underway.…

  • OPEC Offers Olive Branch To U.S. Shale

    Published 08 March 2017 | viewed 25,146 times

    Anybody who is anybody in the world of oil is gathering in Houston this week for the IHS CERAWeek Conference, an annual get-together of top…

  • Can U.S. Shale Fight Off Rising Costs?

    Published 08 March 2017 | viewed 8,335 times

    Shale drilling has become a lot cheaper over the past three years, with new drilling techniques, efficiency gains and learning-by-doing helping to lower breakeven costs.…

  • IEA: Huge Oil Price Spike Inevitable

    Published 07 March 2017 | viewed 75,229 times

    Three years of drastic cuts to upstream spending because of the meltdown in oil prices could result in a shortage of oil supply in a…

  • Trump To Undo Fuel Efficiency Standards

    Published 06 March 2017 | viewed 16,170 times

    The Trump administration is set to undo one of former President Obama’s signature achievements. On Tuesday, the EPA and the Transportation Department are expected to…

  • U.S. Shale Production Growing At An Unprecedented Pace

    Published 05 March 2017 | viewed 18,427 times

    The oil markets have long expected that U.S. shale production would rebound once oil prices started to rise. But the comeback of shale could be…

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