• 2 hours Oil Nears $52 With Record OPEC Deal Compliance
  • 5 hours Saudi Aramco CEO Affirms IPO On Track For H2 2018
  • 7 hours Canadia Ltd. Returns To Sudan For First Time Since Oil Price Crash
  • 8 hours Syrian Rebel Group Takes Over Oil Field From IS
  • 3 days PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 3 days Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 3 days Syrian Rebels Relinquish Control Of Major Gas Field
  • 3 days Schlumberger Warns Of Moderating Investment In North America
  • 3 days Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 3 days Energy Regulators Look To Guard Grid From Cyberattacks
  • 3 days Mexico Says OPEC Has Not Approached It For Deal Extension
  • 3 days New Video Game Targets Oil Infrastructure
  • 3 days Shell Restarts Bonny Light Exports
  • 3 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 4 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 4 days British Utility Companies Brace For Major Reforms
  • 4 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 4 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 4 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 4 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 4 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 4 days Rosneft Signs $400M Deal With Kurdistan
  • 4 days Kinder Morgan Warns About Trans Mountain Delays
  • 5 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 5 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 5 days Russia, Saudis Team Up To Boost Fracking Tech
  • 5 days Conflicting News Spurs Doubt On Aramco IPO
  • 5 days Exxon Starts Production At New Refinery In Texas
  • 5 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 6 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 6 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 6 days China To Take 5% Of Rosneft’s Output In New Deal
  • 6 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 6 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 6 days VW Fails To Secure Critical Commodity For EVs
  • 6 days Enbridge Pipeline Expansion Finally Approved
  • 6 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 6 days OPEC Oil Deal Compliance Falls To 86%
  • 7 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 7 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
Alt Text

What’s Stopping An Oil Price Rally?

Oil prices rallied in Q3…

Alt Text

Oil Prices Spike On Middle East Tensions

Oil prices jumped upwards on…

Matt Smith

Matt Smith

Taking a voyage across the world of energy with ClipperData’s Director of Commodity Research. Follow on Twitter @ClipperData, @mattvsmith01

More Info

Energyland: Rise of the Guardians

Energyland: Rise of the Guardians

So I wanted to write an Easter-related post and my mind immediately hopped straight to ‘Rise of the Guardians‘  - my most recent encounter of the Easter Bunny (via my kiddos). So from Santa to Sandman and beyond, here is the rise of the guardians… in energyland™.

Rise of the Guardians

First up, it is difficult to consider a more dominant force in any market – energy or otherwise – than Saudi Arabia in the oil market. Saudi’s status as the lynch-pin of Opec and the balancing item of the global oil market makes it the leader of the guardians: Santa.

And just like in the movies, although we may lose faith in Saudi’s ability as a sackful of challenges are faced – from rising non-Opec supply (hark, US production) to dissent within its ranks (here’s looking at you, Iran – aka villainous Pitch Black) – its status as largest global producer and exporter of oil mean it will ultimately restore calm in the end.

And as and when it needs a little help, it can always turn to some of the other members of its cartel (aka the Yetis and Christmas Elves) to help it out.

Relative article: BRIC’s Rising Energy Superpower – Brazil

Sandman

Next up is Sandman, the guardian of dreams. For although the gas shale revolution is alive and kicking in the US, it is the stuff dreams are made of in Europe, despite no shortage of resources. The best way to communicate this is in a similar fashion to Sandman – not through words but through images instead:

Shale Gas Basins Around Europe

While we are on the topic of Europe, The Tooth Fairy represents the North Sea, as she is the guardian of memories. Despite rumors and murmurs of new oil finds, it seems that rampant oil production from this once prolific supply source will remain but a memory.

Onto a guardian who knows no bounds or obligations: Jack Frost, guardian of fun. He represents the US oil shale revolution, as its progress tears up the rule book and defies gravity. We have spoken about the meteoric rise in oil production in North Dakota a number of times before, but this emphatic growth is now being seen at other shale plays such as Eagle Ford in Texas. If prosperity brings fun, then Jack Frost represents this shale play well, for it had a $61 billion impact on the Texas economy last year (h/t Carpe Diem).

Relative article: How Long will the LNG Train Keep-a Rollin'?

Eagle Ford Oil Production

Finally, the Easter Bunny himself, and his role as guardian of hope. For the greatest hope we have in energyland™ is that of improving energy efficiency. According to the EIA, the US is still 82% reliant on fossil fuels for its energy needs, a number which will only fall a mere 3% to 79% by 2040.

Greater efficiency and structural changes in the past few decades have helped to reduce energy intensity. So while we wait for technological breakthroughs to bring renewable energy to the fore, greater efficiencies are our best hope of reducing our carbon footprint.

Energy Consumption

Thanks for playing – Happy Easter!

By. Matt Smith




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News