By Justin Mikulka, DeSmog Blog
Enabled by rising debt, shale companies have been achieving record fracked oil and gas production, while promising investors a big future payoff. But over a decade into the “fracking miracle,” investors are showing signs they're worried that payoff will never come — and as a result, loans are drying up.
By Tom Whipple, ASPO-USA
A mid-week update. After trading quietly on Monday and Tuesday at around $81 in New York and $86 in London, crude prices closed higher on Wednesday after traders noted that the increase in US crude inventories last week was slowing down in comparison to the previous three weeks.
By Steve Horn, DeSmog Blog
Post Carbon Institute has published a report calling into question the production statistics touted by promoters of hydraulic fracturing or fracking.
By Michael Klare, TomDispatch
Despite what you may think, Americans, on average, are driving more miles every day, not fewer, filling ever more fuel tanks with ever more gasoline, and evidently feeling ever less bad about it.
By Nafeez Ahmed, Guardian Environment Network
Despite its serious tone, The Energy of Nations: Risk Blindness and the Road to Renaissance, published by the reputable academic publisher Routledge, makes a compelling and ultimately hopeful case for the prospects of transitioning to a clean energy system in tandem with a new form of sustainable prosperity.
By Deborah Lawrence, Energy Policy Forum
Natural gas use is touted by industry as well on its way to replacing coal for power generation, thereby claiming significant cost savings for consumers and benefits for the environment. Unfortunately, such claims have proved short lived and oversold.
By Maya van Rossum, Delaware Riverkeeper
The Delaware Riverkeeper Network is presenting a series of interviews with experts on the impacts of the shale gas industry. In this segment energy industry analyst Arthur Berman discusses the difficulty in predicting future prices of natural gas.
By Richard E. Vodra, ASPO-USA
Peak Oil – the maximum sustainable rate of global oil production - happened in 2012. That’s one of the main conclusions of a new report, Fossil and Nuclear Fuels – The Supply Outlook, released in March 2013 by the Energy Watch Group (EWG). This event will have profound long-term implications for how advisors should manage clients’ portfolios, and how clients should plan their future expenses.