Tag: Energy markets

The First Victims of the Oil Price War

Yves here. While this post has some useful information about the dynamics of the price war between the Saudis and Russia, it reaches unduly cheery conclusions regarding US shale players. The sector is almost entirely uneconomic even at much higher oil price levels. I struggle to see how “consolidation” would do much at this juncture […]

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How Far Will Trump Go To Save U.S. Shale

Jerri-Lynn here. I have one major quibble with this post, which focuses on high-level maneuevring to get Saudi Arabia to call off its price war. But observers such as Justin Mikulka at DeSmogBlog have shown how the shale oil industry was in deep trouble long before the price way erupted. We’ve crossposted Mikulka’s excellent work. […]

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The Pros and Cons of Planting Trees To Address Global Warming

Yves here. Time for a change in programming, so trees. By Bruce Lieberman. Originally published at Yale Climate Connections It seems like such a simple, straightforward, empowering idea: plant trees – a lot of trees – all over the world, and watch the planet’s temperature fall. Who doesn’t love a tree or two, even far […]

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Oil Price Crash: 50% Of U.S. Shale Could Go Bankrupt

Yves here. Oil prices have reversed some of their Monday rout. Investors are also trying to take comfort from that, Xi visiting Wuhan, and Trump’s plan to cut payroll taxes. For instance, from the Financial Times: The fading sense of panic on Tuesday prompted investors to sell havens, which have rallied furiously in recent weeks. […]

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Is the U.S. Fracking Boom Based on Fraud?

Yves here. It really is remarkable how super low interest rates have led investors on a widespread basis to pour money down ratholes. Unicorns is one. Another has been fracking, which despite being another widespread cash sink, remarkably has kept sucking in funding. As we pointed out in 2014: John Dizard at the Financial Times […]

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3 Energy Sectors Most Threatened by the Coronavirus

Yves here. At least as of when I loaded this post, Mr. Market appeared to be trying to regroup a bit after Monday’s freakout. However, the news on the progress of the coronavirus is still not pretty. For instance, from the Financial Times: Japan has urged companies to adopt remote working, staggered shifts and online […]

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To Many’s Dismay, Permian Produces More Gas and Condensate Instead of Oil and Profits

By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmog Blog As oil prices plummet, oil bankruptcies mount, and investors shun the shale industry, America’s top oil field — the Permian shale that straddles Texas and New Mexico — faces many new challenges that make profits appear more elusive […]

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How To Roast the Planet with Good Intentions: The Climate Equity Act

Yves here. This post illustrates that both good policy and good legislation are hard, particularly on complex and high-staked issues like climate change. Unfortunately, it appears that progressives’ propensity to punt on doing the work will play into the hands of the opposition. By Eric Kramer. Originally published at Angry Bear I have suggested (here […]

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The Potential Climate Consequences of China’s Belt and Roads Initiative

Yves here. China and climate change came up in the Democratic Party debate last night, and Biden argued the US needed to constrain China’s Belt and Road Initiative due to the environmental damage it would do (stunningly, Biden called for using tariffs as the cudgel). We’ve featured some earlier discussions of the climate impact of […]

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Russia Is Defeating The U.S. In The Middle East Oil Game

Yves here. There’s a bit of a “dastardly Russia” undertone to this piece which undercuts the notion that the author, Simon Watkins, is engaged in reporting. But Watkins may regard this positioning as necessary. Frankly, the US has made such a mess of Iraq, and in killing Iran’s Solemani, also knocked off Iraqi general al-Muhandis, […]

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Plastic Watch: Congress Considers Bill to Impose Extended Producer Responsibility, AKA ‘You Break It, You Buy It’

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. Senator Tom Udall and Representative Alan Lowenthal introduced on 11 February the Break Free from Plastic Pollution Act, legislation that imposes responsibility for disposing of plastic waste onto producers, and which encouragingly,  has attracted […]

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Believe It or Not, the Deepwater Horizon Oil Spill Was Even Worse Than Previously Thought

Yves here. We provided a great deal of coverage on Deepwater Horizon, aided considerably by a petroleum engineer who gave detailed explanations. We were on the downbeat side. As too often happens, we weren’t downbeat enough. This piece curiously omits the fact that the dispersant that BP used, corexit, actually made matters worse, both by […]

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Trump Drops Antitrust Probe of Four Automakers Which Adopted Tougher Cal Tailpipe Emissions Standards

By Jerri-Lynn Scofield, who has worked as a securities lawyer and a derivatives trader. She is currently writing a book about textile artisans. The Department of Justice (DoJ) last Friday dropped its antitrust probe into four automakers who opted  to comply with California’s tougher  tailpipes emissions standards. Emissions one of many environmental areas in which […]

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EU Plans to Measure True Climate Impacts of LNG Imports From US Fracked Gas

By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmog Blog With growing evidence that the climate impacts of natural gas are comparable to coal, the European Commission is planning to study ways to reduce methane emissions across the life cycle of natural gas production and consumption, with potential implications […]

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The Race For Arctic Oil Is Heating Up

Lambert here: The new Great Game? By Tsvetana Paraskova, a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Originally published at OilPrice.com Despite climate concerns and environmentalist backlash against exploration for oil and gas in pristine sensitive regions of the Arctic, companies continue to explore […]

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This Philadelphia Refinery Is the Country’s Worst Benzene Polluter. Trump Wants To Keep It Open

Yves here. What is particularly appalling is that, as you’ll read, a winning bidder wanting to turn the refinery land into a real estate development is now facing having his offer rejected by hidden interests who want to keep the refinery going. There also appears to be no particular unique economic value to this refinery. […]

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‘Uninsurable and Unhedgeable’: Central Banks Warn of Financial Crisis from Climate Change

By Nick Cunningham, an independent journalist covering the oil and gas industry, climate change and international politics. He has been featured in Oilprice.com, The Fuse, YaleE360 and NACLA. Cross-posted from DeSmogBlog. Like black swan events, “green swan” events will be very difficult to predict and will hit with little warning. The potential for a cascading […]

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The War in Libya Will Never End

Yves here. Libya….yet another country that has become a quagmire. An update on the sorry state of play. By Vijay Prashad, an Indian historian, editor, journalist, and a writing fellow and chief correspondent at Globetrotter, a project of the Independent Media Institute. He is the chief editor of LeftWord Books and the director of Tricontinental: Institute […]

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This Problem With Fracked Oil and Gas Wells Is Occurring ‘at an Alarming Rate’

By Justin Mikulka, a freelance writer, audio and video producer living in Trumansburg, NY. Originally published at DeSmogBlog. On February 15, 2018, a fracked natural gas well owned by ExxonMobil’s XTO Energy and located in southeast Ohio experienced a well blowout, causing it to gush the potent greenhouse gas methane for nearly three weeks. The obscure accident ultimately resulted in one of the […]

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Local Climate Policy Run Amok, Bellingham Edition

Yves here. This post on Bellingham is a mini-case study in a community-level climate change initiative. Since local politics is where citizens typically can have the biggest impact, it’s therefore germane to a lot of readers. What it illustrates, sadly, is that even on a small scale, devising good policy is often hard. By Peter […]

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Wolf Richter: The Great American Shale Oil & Gas Bust: Fracking Gushes Bankruptcies, Defaulted Debt, and Worthless Shares

Jerri-Lynn here. I’ve previously crossposted many segments of Justin Mikulka’s excellent series for DeSmogBlog on fracking follies. Here’s Wolf Richter’s take on the issue, wrapped up with a discussion of collapsing prices for oil and natural gas. By Wolf Richter, editor of Wolf Street. Originally published at Wolf Street Following the sharp re-drop in oil […]

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