OPEC’s “Fictional” Comfort Blanket

March 9, 2011By Andy RowellBlog Post, Featured 1 Comment

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 … Read More

Drilling Resumes, but Doubts Remain

March 1, 2011By Andy RowellBlog Post, Featured 1 Comment

Yesterday the US Interior Department approved the first new deepwater drilling permit since BP’s Deepwater disaster last April. The permit for Noble Energy to drill about 70 miles southeast of Venice, Florida, comes more than four months after the Interior Department lifted its deep-water drilling moratorium, and nearly a year after the disaster. “This permit … Read More

Mad Dogs and Englishmen

February 28, 2011By Andy RowellBlog Post, Featured

As Colonel Gaddafi’s power slowly ebbs away in Libya, many people will be worried that he is planning a brutal, bloody, finale. Predicting the unpredictable dictator is a dangerous game. But in mapping how the end game is going to play out, you could also play the blame game in how we got here. And … Read More

Here we go again! Blah baby Blah

February 24, 2011By Lorne StockmanBlog Post, Featured 1 Comment

As oil prices surge in response to the appalling violence in Libya, the House Natural Resources Committee offered their usual worn out suggestions for addressing America’s vulnerability to oil price shocks; more domestic drilling. Clearly energy only means one thing to this GOP dominated committee, fossil fuels. Domestic drilling may help Americans feel like something’s … Read More

Tar Sands Threatens Canada-EU Deal

February 23, 2011By Andy RowellBlog Post, Featured 1 Comment

This is a diplomatic row that has been rumbling for some time and it could get nasty. Back in 2009, the EU proposed legislation that would cut imports of dirty tar sands from Canada, as part of its Fuel Quality Directive, which was introduced to encourage cleaner, greener fuels. Canada was worried that the tar … Read More

“The last man will switch off the button”

February 22, 2011By Andy RowellBlog Post, Featured

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 … Read More