If you thought that the U.S. government shutdown was the top story at the Wall Street Journal today (print edition), you would be wrong. Instead, this headline took the honor: U.S. Rises to No. 1 Energy Producer Whoa. This wasn’t supposed to happen until 2017, according to recent projections by the International Energy Agency. But some…Continue Reading…
It wasn’t that long ago that peak oil was on everybody’s minds. The basic scenario: Global energy demand would soon outstrip the world’s oil supply. Some of the more feverish types believe this will lead to a civilizational breakdown and a post-apocalyptic Mad Max landscape. Peak oil anxieties first penetrated mainstream media in the mid-2000s,…Continue Reading…
As you undoubtedly heard, climate change was mentioned prominently by President Obama in his second inaugural speech. Greens are applauding the strong words but based on his record (or lack thereof) on the climate issue (some believe he is unfairly maligned), and his lofty (unfulfilled) 2008 promises, many are taking a wait-and-see approach. Meanwhile, what to…Continue Reading…
Liberal bloggers are befuddled, enviros are outraged, and the opposition party, as President Obama likely anticipated, is scornful. Most of the conventional analysis is trying to make sense of the Administration’s decision in the context of the Senate’s tortured energy bill negotiations. And because that doesn’t seem to make sense, people are scratching their heads….Continue Reading…
Do you have a secret oil & gas fetish? You know, the kind where you can’t see enough videos of an oilfield explosion, or you just can’t collect enough “classic oil field photography,” like that portrait of a lonely drilling rig captured in all its sunset splendor. If you’re starting to quiver in anticipation, you…Continue Reading…
I’m confused. Several weeks ago Stephen Payne at Oil and Gas Investor said the latest James Bond movie taught him a valuable lesson, which he boiled down to this: in order to have access to oil, geopolitics unfortunately requires politicians to have a sort of flexible morality when it comes to from where we import…Continue Reading…
Folks over at Oil & Gas Investor are finding consolation in the latest James Bond movie. And pretending to learn something new about the role oil plays in geopolitics. After seeing “Quantum of Solace,” Stephen Payne got to thinking about the world we live in and writes that, “unfortunately,” politicians need to have a sort…Continue Reading…