BP plans to invest $1 billion in 2011 in its renewable energy business, roughly the same amount it invested last year. During the company’s fourth-quarter earnings call, BP CEO Bob…
The small Gulf state of Qatar has translated economic assets and creative diplomacy into extraordinary global influence. But the eclipse of regional giants such as Egypt and Saudi Arabia is…
Last week I warned of a flare-up in Egypt and a reversal in oil and gold. The media are transmitting pictures of street scenes in Egypt that for the most…
Below are a series of charts that take a look at the current situation of alternative energy, oil and other fossil fuels and the importance of Middle Eastern Oil Supplies:…
We have all been reading about Egypt in the newspapers, and wonder what is behind their problems. Let me offer a few insights. At least part of Egypt’s problem is…
“The estimates for how much oil there is in the world continue to increase,” according to William M Colton, Exxon Mobil’s vice president for corporate strategic planning. “There’s enough oil…
The quest for oil is an ever on going saga of the modern age. US-based ExxonMobil, the biggest privately-controlled oil company in the world, will make a new investment in…
Change is on the way in the Arab world, with Egypt the latest focal point. Here I review recent events and their implications for world oil markets.
The blow up in Egypt is going to create ripples all over the globe. It will certainly be disruptive for equities and the dollar. It will influence global bond yields…
On Tuesday last week President Barack Obama called this point in history “Our generation’s Sputnik moment.” The president was referring to the growing green energy gap between the United States…
I had hoped to give a provocative lecture on the economics of nuclear energy at the forthcoming international meeting of the International Association for Energy Economics in wonderful summer Stockholm,…
The desperate act of an unemployed university graduate living in the Tunisian town of Sidi Bouzid sparked a wave of popular unrest that in January 2011 overthrew the authoritarian regime…
Like death and taxes, the price of oil is always with us. And like taxes, it may be President Barack Obama’s worst nightmare at election time next year. Among forecasters,…
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Six major emerging economies, the 'BRIMCS' countries (Brazil, Russia, India, Mexico, China and South Africa), invest more in energy research and development (R&D) than a large group of developed countries,…
Global policy and technology efforts aimed at reducing emissions are not doing enough to set the world on a safe carbon path, according to BP, which predicts global emissions in…
To listen to President Obama, you would think that clean energy is our next salvation. But clean energy can’t exist on its own. Clean energy options should more properly be…
The force multipliers escalating events in the Middle East are television and social networking. People in Egypt saw what happened in Tunisia and took heart. People in Yemen were emboldened…
Two federal agencies are providing loan guarantees worth hundreds of millions, but the sector still faces funding and technology issues that are challenging its ability to scale-up operations. The US…
The European Parliament has given its initial green light to a partnership agreement with gas-rich Turkmenistan, aimed at bringing the Central Asian country closer to the European Union. But the…