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Energy

Cheniere Making Big Gambles With Other People’s Money

Nov 28, 2014 at 10:33 | Martin Tillier

Popular wisdom has it that traders and modern investors alike are a short-sighted bunch. The focus is always on the next quarter’s earnings, the feeling is, which punishes companies with…

Frac-Sands Poised For Huge Growth Despite Low Oil Prices

Nov 28, 2014 at 10:31 | Editorial Dept

The practice of hydraulic fracturing has rightly received a lot of the credit for allowing the U.S. to boost its oil production in recent years by as much as 60%.…

Global Energy Advisory – 28th November 2014

Nov 28, 2014 at 10:25 | Editorial Dept

Politics, Geopolitics & Conflict Iraq/Kurdistan Islamic State (IS) fighters have failed to seize control of the Northern Iraqi giant oil field at Kirkuk, after a tense battle on Wednesday. The…

OPEC May Rue Latest Decision Over Long Term

Nov 28, 2014 at 10:22 | Chris Dalby

As Dan Dicker is away this week, please find below a guest piece provided by our new Managing Editor Chris Dalby. In the final hours, as delegates were locked in…

Big Oil Going Big In The Gulf Of Mexico

Nov 27, 2014 at 15:27 | Nick Cunningham

The oil industry is betting big on the Gulf of Mexico with both costs and production rising as a result. The Gulf has seen a bit of a resurgence in…

Outrage At Pay Package For New BG Group CEO

Nov 27, 2014 at 14:41 | Andy Tully

When Helge Lund takes over as CEO of BG Group in March 2015, he’ll be greeted with what sports economists call a “signing bonus” of $23.6 million as well as…

Something Doesn’t Add Up In Bakken Production Figures

Nov 27, 2014 at 14:01 | Ron Patterson

The US Petroleum Supply Monthly just came out with production data for every state and territory. US supply was up 168,000 bpd to 8,864,000 bpd in September. The biggest…

OPEC Refuses To Cut Production, Sending Oil Price Down Again

Nov 27, 2014 at 11:05 | Andy Tully

OPEC has resisted the urging of its needier members and has decided not to cut production levels despite the five-month-old plunge in oil prices. Saudi Oil Minister Ali al-Naimi said…

Bakken Sweet Spots Are Petering Out

Nov 26, 2014 at 14:45 | Ron Patterson

The Bakken, as well as other shale oil areas, is not one homogeneous area where equal amounts of oil can be found. David Hughes in DRILLING DEEPER puts it…

Russia Expects Oil Price To Rise, But Not Enough To Balance Moscow’s Budget

Nov 26, 2014 at 14:27 | Andy Tully

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…

Saudi Sending Negative Signals Ahead Of OPEC Meeting

Nov 26, 2014 at 09:27 | Andy Tully

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,…

A Truce In The Holy Oil War?

Nov 25, 2014 at 16:45 | Claude Salhani

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…

China Strengthening Claim To South China Sea Oil And Gas

Nov 25, 2014 at 16:38 | Colin Chilcoat

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…

Utilities Facing Coal Shortages Due To Rail Congestion

Nov 25, 2014 at 16:23 | Nick Cunningham

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…

Veteran Oil Minister Says OPEC Alone Can’t Set Oil-Price Levels

Nov 25, 2014 at 16:15 | Andy Tully

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…

Follow The Sand To The Real Fracking Boom

Nov 24, 2014 at 15:23 | Simon Harlow

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…

What Low Oil Prices Mean For The U.S. Economy

Nov 24, 2014 at 15:09 | James Hamilton

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…

This Company Could Revolutionize Energy Utilities

Nov 24, 2014 at 14:53 | Nick Cunningham

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.…

The 2014 Oil Price Crash Explained

Nov 24, 2014 at 14:42 | Euan Mearns

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…

The Unwelcome Reality For U.S. Coal Exports

Nov 21, 2014 at 17:43 | Nick Cunningham

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…

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