‘Uninsurable and Unhedgeable’: Central Banks Warn of Financial Crisis from Climate Change
By Nick Cunningham, DeSmog Blog
A future climate disaster, or “green swan” event, could bring down the global financial system, according to a new report from the Bank for International Settlements (BIS), an international financial organization that serves as a bank for central banks around the world.
Argentina Wants a Fracking Boom. The US Offers a Cautionary Tale
By Nick Cunningham, DeSmog Blog
In Argentina, Vaca Muerta is treated as the country’s chance at salvation, with fracking seen as doing everything at once — creating jobs, reducing the debt burden, plugging the energy deficit and turning Argentina into a major player on the global oil and gas stage.
U.S. Shale Has A Glaring Problem
By Nick Cunningham, oilprice.com
A new report from the Institute for Energy Economics and Financial Analysis (IEEFA) and the Sightline Institute detail the "alarming volumes of red ink" within the shale industry.
Why Is The Shale Industry Still Not Profitable?
By Nick Cunningham, oilprice.com
Riyadh-based Al Rajhi Capital dug into the financials of a long list of U.S. shale companies, and found that “despite rising prices most firms under our study are still in losses with no signs of improvement.”
How EIA Guestimates Keep Oil Prices Subdued
By Nick Cunningham, oilprice.com
The EIA has once again undercut its previous estimates for U.S. oil production, offering further evidence that the U.S. shale industry is not producing as much as everyone thinks.
Not So Prolific: U.S. Shale Faces A Reality Check
By Nick Cunningham, oilprice.com
U.S. shale’s possibilities may seem endless, but the low hanging fruit in terms of efficiency and costs savings has been picked and therefore current discoveries might not be so prolific.
Global Oil Supply More Fragile Than You Think
By Nick Cunningham, oilprice.com
2014 was one of the worst in over six decades for major new oil discoveries, even though oil prices were high for most of the year.
The Dark Side Of The Shale Bust
By Nick Cunningham, oilprice.com
The fallout of the collapse in oil prices has a lot of side effects apart from the decline of rig counts and oil flows.