Posts in oil industry outlook
- Is the fracking boom set to go spectacularly bust?
- If you believe the press reports, you’d think that the oil industry was hurting of late, what with the headlines coming out of the most recent quarterly earnings reports saying things like, “Exxon and Shell Earnings Disappoint,” and “Occidental quarterly profit lower”, and “Chevron 2nd-Quarter Profit Off 6.8%; Upstream Earnings Fall”. These headlines paint a...
Continue reading 'Oil companies continue to profit at the expense of our future'.
- Contrary to what most people believe, oil supply capacity is growing at such an unprecedented level that it might soon outpace consumption. This could lead to overproduction and a steep dip in oil prices. That is the startling conclusion from Leonardo Maugeri, a former senior executive with Italian oil giant ENI, who is currently a...
Continue reading 'Bye, Bye Peak Oil'.
- Keystone XL will not lessen U.S. dependence on foreign oil, but rather transport Canadian oil to American refineries for export to overseas markets.
- 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?'.
- 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'.
- 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'.
- 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'.
- 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'.
- 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”'.
Archive by Month
Archive by Category
- Blog Posts (2806)
- Briefings (7)
- Energy Activism (5)
- Factsheets (4)
- Featured (634)
- Industry Updates (16)
- Infographics (5)
- Key Votes (4)
- News (6)
- Press Releases (21)
- Refinery Report (5)
- Reports (28)
- Research & Opinions (29)
- Resources (12)
- Separate Oil and State (123)
- Subsidy Spotlight (1)
- Websites (4)
Archive by Tags
African Oil aircraft travel Alternative energy Arctic oil Big Oil Profits Biofuels BP Canada China Climate Change climate change impacts climate sceptics Coal Copenhagen Conference Deepwater Horizon energy policy Energy Security European Union Fracking Gas greenwashing Gulf of Mexico impact on wildlife indigenous rights Iraq Keystone XL Latin American oil Offshore offshore drilling Oil oil industry outlook Oil Price oil sands oil spills Politics Pollution protests Public Relations Russian oil Safety Shell tar sands US politics violence War