Oil prices moved higher early…
From banning short-haul flights to…
Saudi Arabia is importing record…
While the oil spill from a sunken drilling rig in the Gulf of Mexico threatens to become an environmental disaster, plans are proceeding for opening up new drilling territories in…
The oil spill in the Gulf of Mexico from a collapsed offshore drilling rig could affect White House plans to extend offshore drilling, press secretary Robert Gibbs acknowledged as the…
As oil continues to pour into the Gulf of Mexico, I thought it might be helpful to review how we got where we are today. The graph below shows total…
Oil Market Summary for: 04/26/2010 to 04/30/2010 Stubbornly high crude oil inventories continued to stymie bulls through the middle of the week, but the market seized on positive economic data…
Almost three-quarters of top oil industry participants surveyed by Reuters feel that financial speculation contributes to oil price volatility, but many of them think new regulations to curb speculation may…
Clean coal is likely to remain a chimera rather than a real solution to carbon emissions, a new study suggests, because the much-touted process of carbon capture and sequestration simply…
Human beings resist change until there is no other choice, and then they adapt and habituate rather quickly. Human beings are remarkably adept at short-sightedness and denial. 100,000 years of…
Compared to virtually all commodities of late, natural gas has been an absolute dog. Holders of a certain natural gas ETF have been forced to ask themselves whether or not…
Oil Market Summary for 04/19/2010 to 04/23/2010. After languishing most of the week, crude oil prices galloped to the finish line on Friday, tacking on 1.7% and recouping most of…
Natural gas experts are floundering for answers about the future of the fuel as the growth of shale gas production in the U.S. continues to flummox expectations. A pair of…
I recently highlighted grounds for pessimism about the ease with which the U.S. could significantly change our oil consumption habits. Here I highlight some interesting new research by U.C. Davis…
Wholesale electricity prices in the U.S. fell by more than half last year, driven largely by a decline of more than 50% in natural gas prices in what looks like…
The recent oil and gas boom has been an education for a lot of people. Including regulators. Designing oil and gas laws is not easy business. Especially when it comes…
Crude futures ended at their lowest point this month Friday, as investors fled riskier assets after regulators charged Goldman Sachs with fraud. West Texas Intermediate (WTI) crude for May delivery…
Iran, the world's fifth-largest oil producing nation, is increasing the amount of oil is stores in tankers at sea. Iranian officials say this is due to refinery overhauls and seasonality,…
Oil Market Summary for 04/12/2010 to 04/16/2010. Oil prices plunged on Friday after the U.S. Securities and Exchange Commission charged Goldman Sachs with fraud in its marketing of certain subprime…
Under the shadow of the West Virginia coal mine disaster earlier this month, a congressional hearing Wednesday on the future of coal in a “new energy age” seemed at times…
The acquisition of a 9% stake in the Syncrude oil sands venture by China’s Sinopec for $4.65 billion – substantially more than expected – could pave the way for a…
Ten of the 11 recessions in the United States since World War II have been preceded by a sharp increase in the price of crude petroleum. Oil had been…
Oil Market Summary for 04/05/2010 to 04/09/2010. Crude oil prices ended the week virtually unchanged from a week ago as optimism about demand warred with trepidation about historically high inventories…