Haven't we been hearing from the oil industry and from government and international agencies that worldwide oil production has been increasing in the last several years? The answer, of course, is yes. But, the deeper question is whether this assertion is actually correct.
Articles: Natural Gas (1250)
•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 …
Two weeks ago we discussed the impact that the polar vortex was having on our natural gas supplies and noted that our stocks of natural gas were already 500 billion cubic feet below where they should be for this time of year.
Net pay is what you have to pay your bills today. And, net energy is what society has in order to conduct its business (and its fun) on any given day. Is net energy still increasing?
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.
•Wells That Fizzle Are a ‘Potential Show Stopper’ for the Shale Boom •The View from Europe: America’s Shale Boom Looks More Like a Blip •BP carves off US shale gas operations into separate unit •Shale, the Last Oil and Gas Train: Interview with Arthur Berman …
Resource scarcity, competition to dominate Eurasian energy corridors, are behind Russian militarism and US interference.
This week’s trading has been dominated by the Ukrainian situation which sent Brent crude surging by $3 a barrel on Monday before falling to close at $107.76 -- nearly $1.50 below where it started on Monday.
A weekly review including: Oil and the Global Economy, The Middle East & North Africa, Venezuela, Ukraine, Quote of the Week, The Briefs.
This month alone has seen riots kick-off in Venezuela, Bosnia, Ukraine, Iceland, and Thailand. This is not a coincidence.