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Euan Mearns

EuanMearns.com

Contributor since: 21 Aug 2014

Euan Mearns

"Euan Mearns is a geologist and geochemist. In recent years he was a principal at The Oil Drum, the worlds leading energy blog, until it was archived a year ago. Since then he has founded his own blog called Energy Matters that strives to publish informed articles on the Earth energy system."

You can read more of Euan's work at his popular blog Energy Matters

Latest articles from Euan

  • British Solar Industry In Jeopardy, 12,500 Jobs Lost

    Published 25 July 2016 | viewed 4,366 times

    A new report has found that jobs in the British solar industry are being slashed amid a very gloomy outlook for that sector. The study,…

  • Oil Price Plunge May Resume As Production Shows No Sign Of Slowing

    Published 05 April 2016 | viewed 9,260 times

    Since the possible double bottom at $26 formed on February 11th, the oil price has staged a rally to $40 (WTI). Traders lucky enough to…

  • The Myth Of Expensive Nuclear Power

    Published 11 March 2016 | viewed 20,798 times

    Lovering, Yip and Nordhaus (Science Direct April 2016) reviewed construction cost data for 349 reactors in the U.S., France, Canada, West Germany, Japan, India, and…

  • Falling U.S. Oil Production Reduces Global Supply Overhang

    Published 01 March 2016 | viewed 7,274 times

    High oil price volatility signals that the market has not yet decided the future direction of the oil price. Global production was marginally lower in…

  • Oil Price Volatility And Market Predictions

    Published 25 February 2016 | viewed 12,504 times

    Oil market observers will appreciate that the oil price has become more volatile of late with daily movements of several percent common place. A friend…

  • Gatwick Oil Estimates Too Good To Be True

    Published 23 February 2016 | viewed 9,300 times

    Rumors are circulating that a hundred billion barrels of oil have just been discovered at Gatwick airport. I first came across this story at WUWT…

  • OPEC Economies On Their Last Legs

    Published 27 January 2016 | viewed 25,302 times

    In November 2014 the OPEC countries met in Vienna and agreed to keep pumping oil to maintain their market share rather than cut production to…

  • Oil Price Scenarios For 2016

    Published 16 December 2015 | viewed 33,264 times

    Every year I have a bet with a good friend on where the Brent oil price will be in December the following year. Last year…

  • This Is Why $20 Oil Is A Possibility

    Published 07 December 2015 | viewed 30,148 times

    The day of reckoning has arrived for the oil price with the head and shoulders pattern I have been tracking for two months finally being…

  • Why OPEC Can’t Win The Oil Price War

    Published 18 November 2015 | viewed 28,220 times

    As the oil price war unfolds it becomes easier to understand the outcome. There is ongoing speculation about the motives of the main players. Is…

  • Neglecting Fossil Fuel Resources Could Be Disastrous For Africa

    Published 14 November 2015 | viewed 5,771 times

    The UN has suggested that Africa, the poorest continent on Earth, should skip over an industrial revolution built on fossil fuels (FF) and move directly…

  • Oil Market Stalemate To Persist Until End Of 2016?

    Published 02 November 2015 | viewed 9,164 times

     The “big news” this month is that the banks granted over-leveraged, loss-making shale oil drillers a stay of execution by continuing to provide credit lines.…

  • Will The Oil Market Stalemate Be Broken Next Month?

    Published 30 September 2015 | viewed 9,849 times

    With momentous events unfolding on the World stage, the oil market continues to evolve at a glacial pace. Global total liquids production was 96.29 Mbpd…

  • Can We Trust The Statistics The EU Gives Us On Renewable Energy Targets?

    Published 05 September 2015 | viewed 9,223 times

    This post examines EU renewable energy targets and how the various member states are doing in meeting the targets agreed for 2020. It has been…

  • Minor Bullish Signals Do Not Back Up Long Term Oil Price Rally

    Published 01 September 2015 | viewed 6,901 times

    The main action this month has been on the oil price that continued to slide. Both WTI and Brent set new post-crisis lows but saw…

  • OPEC’s $900 Billion Mistake

    Published 24 August 2015 | viewed 30,105 times

    With WTI falling below $40 and perhaps heading for $20, one needs to wonder if OPEC’s strategy is working out as planned? Why are they…

  • The Oil Price: How Low Is Low?

    Published 11 August 2015 | viewed 17,695 times

    With West Texas Intermediate (WTI) and Brent close to their January 2015 lows some readers are wondering how these lows compare with historic lows when…

  • What Is The Real Price Of Obama’s CO2 Plans?

    Published 06 August 2015 | viewed 10,659 times

    On August 3rd President Obama made a speech* detailing his plans to decarbonize the US electrical power generation sector. While the legality of this move…

  • Firm OPEC And U.S Production Keep Hopes For Higher Oil Prices Down

    Published 31 July 2015 | viewed 12,324 times

    The US oil directed rig count was up 31 for the month of July and WTI is down about $11 for the month at time…

  • Long-Predicted U.S. Shale Production Collapse May Not Materialize Yet

    Published 29 July 2015 | viewed 12,824 times

    Summary 1) The EIA drilling productivity report has been used to estimate decline rates in the Bakken, Eagle Ford and Permian light tight oil (LTO…

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