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Oil

Lessons From a Failed Prediction

September 1, 2015 by Robert Rapier

While there are actually other stories unfolding in the world of energy, you would never know that by my inbox. Most of the correspondence I have received in the past week is still related to oil prices, particularly following the recent huge rally in crude futures.[read more]

3 Months to Paris: Why the Inevitable Disappointment in the Paris Round is a Sign of a Maturing GHG Management Landscape

September 1, 2015 by Dan Zilnik
1

The environmental community is sure to be disappointed by the Paris UN Climate Convention. The headlines after the November/ December 2015 UN Climate Convention in Paris are sure to be identical to the headlines for the last 15 years: “climate activists disappointed," etc.[read more]

Reduced Offshore Share in U.S. Oil and Natural Gas Production Lowers Risk from Hurricanes

August 31, 2015 by U.S. EIA: Today in Energy

Offshore Energy and Weather Risk

Offshore energy production in the Gulf of Mexico has experienced relatively minor disruptions because of tropical storms and hurricanes in recent years, and the NOAA has predicted a below-normal 2015 hurricane season in its updated Atlantic Hurricane Season Outlook, released on August 6.[read more]

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Mexico's Energy Reforms: Is the Country Now Open for Business? [PODCAST]

August 28, 2015 by Robert Rapier

A Discussion of Mexico's Energy Reforms

In August 2014, Mexico enacted a series of comprehensive energy reform laws, promising to radically transform the electricity and oil and gas sectors. Long controlled by state-owned companies, Mexican President Peña Nieto intended the reforms to open his nation's energy sector for new investment.[read more]

Deflationary Collapse Ahead?

August 28, 2015 by Gail Tverberg
14

Deflation and Energy Economics

This mismatch between rising costs of oil production and stagnating wages is what has been happening. The unaffordability problem can be hidden by a rising amount of debt for a while (since adding cheap debt helps make unaffordable big items seem affordable), but this scheme cannot go on forever.[read more]

The Best Shot for Slowing Climate Impacts in Alaska and the Arctic

August 28, 2015 by Durwood Zaelke
1

Arctic Melting and Risk in Alaska

I worked in Alaska many years ago as a young attorney defending the forests, fisheries and other remarkable natural resources of the last frontier. The “termination dust” that fell every fall ahead of the deep freeze of winter made my job easier, providing an annual pause in development.[read more]

Growing Global Liquids Inventories Reflect Lower Crude Oil Prices

August 25, 2015 by U.S. EIA: Today in Energy

Supply of Global Liquids

Continued growth in global production of petroleum and other liquids has outpaced consumption growth since August 2014, resulting in rising global liquids stocks. Total global liquids inventories are estimated to have grown by 2.3 million barrels per day (b/d) through the first seven months of 2015.[read more]

Hottest Month On Record Portends Global Warming Speed Up

August 25, 2015 by Joseph Romm
5

Monthly Temps and Global Warming Risk

Last month was not just the hottest July on record. Since July is “the warmest month of the year globally,” NOAA’s latest monthly State of the Climate Report, notes that July 2015 “was also the highest among all 1627 months in the record that began in January 1880.”[read more]

Assessing the INDCs

August 24, 2015 by David Hone

Countries and their Contributions

It is now just 100 days until COP21 in Paris. The summer months have seen many INDCs submitted to the UNFCCC prior to the assessment deadline of October 1st. This is the date when the UNFCCC secretariat will start work on a synthesis report on the aggregate effect of the INDCs.[read more]

Major Fossil Fuel-Producing States Rely Heavily on Severance Taxes

August 24, 2015 by U.S. EIA: Today in Energy

Fossil Fuel Production and Taxes

Severance taxes accounted for less than 2% of state tax collections in 2014, but in three states severance taxes provided a much larger share of total state tax revenue in that year. Pennsylvania is considering a severance tax, and currently derives less than 1% of its revenues from a well head fee.[read more]

EPA Methane Rule: A Good Start Toward Meeting Administration's Landmark Goal

August 24, 2015 by EDF Energy Exchange

EPA Methane Rule

The U.S. Environmental Protection Agency took a big step recently, announcing the nation’s first methane pollution standards for the oil and gas industry. But to understand the impact of these new draft rules, it’s important to look at what they do – and what they don’t.[read more]

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Will the Iranian Nuclear Non-Proliferation Treaty become a Threat to U.S. Energy Security?

August 21, 2015 by John Miller
38

Iran Nuclear Deal and U.S. Energy Security

The Obama Administration negotiated changes to the nuclear non-proliferation treaty that is supposed to curtail Iran’s possible nuclear weapons development for 10-15 years. While the pros and cons of this treaty are being strongly debated in Congress, the risks to U.S. energy security are apparently not a priority concern.[read more]

Why the $20 Oil Predictions are Wrong

August 21, 2015 by Robert Rapier
2

Oil Production, Prices, and Predictions

As the price of West Texas Intermediate (WTI) retests the $40 per barrel (bbl) mark, some pundits are again calling for WTI to fall to $15 or $20/bbl. The same thing happened earlier in the year when crude prices tested $40. Lots of people predicted $20, the price went to $60, and the $20 crowd went quiet for a while.[read more]

EIA Lowers Crude Oil Price Forecast Through 2016

August 20, 2015 by U.S. EIA: Today in Energy

Oil Price Predictions

Amid uncertainty in the oil market, EIA has lowered crude oil price forecasts in the Short-Term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016, $6/b and $8/b lower than forecast in last month's STEO, respectively.[read more]

Out On A Limb: Energy Storage To Track Rapid Development Of Marcellus Shale, PV

August 19, 2015 by Dennis Wamsted
28

Storage and Energy Development

Predicting the future is hard, I get it, but it shocks me how abysmally wrong some of the smartest people in the business can be, even with the best information, such as a recent interview with John Rowe, who acknowledged that he and his executive team essentially missed the coming shale gas revolution.[read more]


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