oil industry outlook | The Price of Oil

Posts in oil industry outlook

Report: Exporting Energy Security: Keystone XL Exposed
Steve Kretzmann
Aug31
The Keystone XL Pipeline: Oil for Export, Not for U.S. Energy Security Industry Documents Reveal Scheme to Reach Lucrative Markets Abroad Download the full report. In pushing for the Obama Administration’s approval of TransCanada’s proposed Keystone XL tar sands pipeline, the North American oil industry and its political patrons argue that the pipeline is necessary…
Continue reading ‘Report: Exporting Energy Security: Keystone XL Exposed’.
What if the Carbon Bubble Bursts?
Andy Rowell
Jul13
For many years now, a number of activists and analysts have argued that if we are serious about tackling climate change then the reserves of oil and gas in the ground need to be seen as liabilities and not assets. At the moment an oil company is judged by investors by the strength and size…
Continue reading ‘What if the Carbon Bubble Bursts?’.
Always read the small print
Andy Rowell
Jun21
Investors may have poured their cash into the rogue’s gallery that is the new venture by Tony Hayward and “Nat King Coal” Rothschild called Vallares. As I blogged yesterday, Vallares was over-subscribed raising just over $2 billion to buy assets in the oil and gas sector. Investors were said to be reassured by Hayward’s knowledge…
Continue reading ‘Always read the small print’.
Hayward and “Nat King Coal” Launch Oil Venture
Andy Rowell
Jun20
This could be a toxic mix: take Deepwater-disaster man, Tony Hayward; the new coal baron, Nat Rothschild, and bankers Julian Mertherell and Tom Daniel, the former from discredited Goldman Sachs. Together you have someone who was ultimately responsible for America’s worst ever environmental disaster; someone who obviously does not care about climate change having invested…
Continue reading ‘Hayward and “Nat King Coal” Launch Oil Venture’.
Gas is No “Panacea” For Climate Change
Andy Rowell
Jun07
As the old saying goes “If it walks like a duck, quacks like a duck, looks like a duck, it must be a duck.” And if it smells like a fossil fuel and is produced by the fossil fuel industry, then it probably is a fossil fuel. So despite the best efforts by the oil…
Continue reading ‘Gas is No “Panacea” For Climate Change’.
OPEC’s “Fictional” Comfort Blanket
Andy Rowell
Mar09
Many people are now getting jittery about Saudi Arabia. Protesters in the Kingdom have called for a “day of rage” his Friday to show their dissatisfaction with King Abdullah’s regime. Meanwhile the King has tried to head off serious unrest in the country by pledging to boost spending on housing, social welfare and education. And…
Continue reading ‘OPEC’s “Fictional” Comfort Blanket’.
“An oilquake that shakes our world to its core”
Andy Rowell
Mar08
The press reports this morning that members of Opec have joined Saudi Arabia in boosting oil output to make up the fall in output from Libya. The countries concerned – Kuwait, UAE and Nigeria – have all promised to boost production. In many ways you could argue that OPEC’s gamble is trying to delay the…
Continue reading ‘“An oilquake that shakes our world to its core”’.
UK Gov: its “crazy” not to prepare a low-carbon future
Andy Rowell
Mar04
Three years ago during the last oil price hike when oil reached $150 a barrel, there were repeated calls for a concerted effort for the international community to finally wean itself off its chronic oil addiction. There were repeated calls that the combined financial crisis and energy crunch was a prefect reason to kick-start the…
Continue reading ‘UK Gov: its “crazy” not to prepare a low-carbon future’.
“The last man will switch off the button”
Andy Rowell
Feb22
At one point yesterday, Brent crude, the European benchmark grade of oil was topping $108 a barrel—its highest level in 2½ years. Such is the surge in oil prices caused by the Libyan crisis that it could derail the global economic recovery according to Fatih Birol, the International Energy Agency’s chief economist. Analysts argue that…
Continue reading ‘“The last man will switch off the button”’.
Exxon is Running Out of Oil
Andy Rowell
Feb16
When the history of the hydrocarbon age is written, the one company that will personify Big Oil more than any other will be Exxon. Yes, there are other oil majors like Shell and BP, but they are like young pretenders to the Oil King. Exxon is the company that has bet its future on oil,…
Continue reading ‘Exxon is Running Out of Oil’.