What’s The Buzz?
Whenever a petroleum analyst writes a sentence that begins: “I can still recall when prices collapsed in 1986 …” you know he’s seen just about everything in the global oil market. Michael Lynch has some sage words for those who are predicting slashed U.S. production (and accompanying job losses) owing to the rapidly falling price […]
The U.S.-led airstrikes against Islamic State in Iraq and Syria (ISIS) might not have eradicated the extremist group, as President Obama vowed to do. But at least the operation has interrupted the flow of oil money to the militants, according to an analysis in Bloomberg BusinessWeek. Based on details from an IEA report, the magazine […]
Los Angeles Times consumer-affairs columnist Michael Hiltzik writes about the lengths to which Chevron is going to influence city elections in the city of Richmond, Calif. And it seems that only a student-run newspaper is reporting on Chevron’s spending. ” … leaving coverage of the election to Chevron’s PR organ, the Richmond Standard, could be […]
Researchers at Nanyang Technological University in Singapore have developed a lithium ion battery than can charge to 70 percent in 2 minutes, and which has a life span of more than 20 years. Check out the story in Science Daily.
Ethanol Producer magazine has an explanatory post on the USDA report released last week. Growth Energy, which represents ethanol producers, says the report is further evidence that the “food vs. fuel” debate used to undermine ethanol is flawed. Tom Buis, CEO of Growth Energy, told the magazine: “In report after report, we see that the […]
Bloomberg has an interesting story about one way Israel intends to improve relations with its critics in the Middle East: Enter into deals to sell some of its vast stores of natural gas to neighboring countries.
As The New York Times reports, the plummeting price of crude oil has brought disagreements among OPEC member nations about how to stop the slide. Iran has called for production cuts, which could push prices up, but Saudi Arabia has the most influence.
The U.S. Defense Department has come out with a comprehensive report on the impact of climate change on America’s military. According to The Washington Post’s story on the report, “Drastic weather, rising seas and changing storm patterns could become ‘threat multipliers’ for the United States, vastly complicating security challenges faced by American forces …” Read […]
An editorial in the Great Falls (Montana) Tribune lays out some hard truths about the proposed Keystone XL pipeline that would carry crude oil from Canada to refineries in the American Midwest: “Most likely the oil would be exported from there, doing little to create U.S. energy independence,” the newspaper writes. “Canada’s National Energy Board […]
A story in The Detroit News poses a troubling potential downside to the global drop in oil prices: “… most of the new production [in the U.S., with help from the fracking revolution] only makes economic sense at high prices. That is, it’s expensive to get the oil out of the ground, so if prices […]