Mid-Week Update. Energy prices continued to fall this week with New York futures trading below $87 a barrel on Wednesday and London oil falling to a close of $91.37.
Articles: ukraine (13)
The number of countries with fossil fuel conflicts and wars is increasing. Libya, Sudan, Egypt (Sinai), Yemen, Syria, Iraq and now Ukraine. The result is that many innocent people die and that actual oil/gas production drops.
A weekly update including Oil and the Global Economy, The Middle East & North Africa, China, Ukraine, Quote of the Week, The Briefs.
There is a case regarding market efficiency for overturning America's oil export ban, but this is NOT the one the industry is using in its public relations campaign. That's because increased efficiency in the world oil market would actually make the country's oil supply more vulnerable to events …
•Why US fracking companies are licking their lips over Ukraine •Putin tells Europe Ukraine gas debt 'critical', transit threatened •Cheniere cheif plays down US gas claims •The Absurdity of US Natural Gas Exports •Everyone's getting excited about US oil independence. Not …
If the US could supply Europe with large amounts of fuel, that would reduce the Continent’s dependency on Russia while depriving Putin of needed revenues.
As a former correspondent in Kiev, Moscow and Georgia I find the attempt to link the Ukraine conflict with pipelines and natural resources is highly debatable.
There is no U.S. oil and gas export "weapon" to aim at Russia to counter its moves in the Ukraine. The U.S. isn't even supplying its own needs. But you wouldn't know that from media reports and editorials in the last week.
The threat of economic sanctions would be more realistic if Europe did not depend so heavily on Russia for its natural gas. 40% of Germany’s natural gas and one third of Europe’s natural gas in general is imported from that country.
Diplomatic efforts are underway to diffuse tensions between Russia and the West following the overthrow of Ukrainian President Yanukovych. Should tensions escalate, one risk is the disruption of gas supplies from Russia to Europe via the Ukraine.