Iraq

Fracking In California Under Spotlight As Some Local Municipalities Issue Bans

Financial results from 127 global oil and natural gas companies showed increased use of debt to help fund operations – along with asset sales – in recent years amid flat oil prices. Low borrowing rates facilitated this phenomenon, though the long-term sustainability of this strategy is questionable. “Using debt to fuel growth is a typical… Keep reading →

U.S. Trade Deficit Reaches All-Time High

A tanker carrying 1 million barrels of crude oil from Iraqi Kurdistan reportedly just rounded the Florida pan handle and is scheduled to land in Galveston, Texas. The buyer is unclear and Iraq’s official crude oil marketer SOMO is threatening to sue anyone purchasing the cargoes, which the government in Baghdad views as violating the… Keep reading →

National Clean Energy Summit 6.0 In Las Vegas

Billionaire activist Tom Steyer came under the microscope last week when the New York Times profiled his role in managing a fund that invested heavily in Australian coal. Now a climate change mitigation crusader and democratic funder, some have called Steyer’s former Wall Street activity his Achilles’ heel, but many in the environmental community rushed… Keep reading →

San Francisco Zoo Celebrates Endangered Species Day

It’s called “Energetic Bear” and some experts believe elements of the Russian government are behind a string of malware infections that reportedly compromised hundreds of industrial control systems. Originally thought to be used as a form of espionage, experts believe the technology can gain control of energy infrastructure and “cripple physical systems such as wind… Keep reading →

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The highly informative and thought-provoking 2014 annual International Association for Energy Economics (IAEE) International Conference came to a successful close last week in New York. The energy world, a world of disparate natural resources endowments that constantly wrangles with its steady companion ‘political risk’, is highly volatile and, therefore, always in flux. In this context, Jason… Keep reading →

Germany Debates Renewable Energy Investements

Energy consumers often seek similar goals when sourcing supply: Reliable, clean and cheap. The European Union is no exception and a new energy strategy document drafted in the wake of Gazprom’s latest natural gas supply cutoff reiterates that goal. “We must avoid Europe relying to such a high extent on fuel and gas imports. To… Keep reading →

The Frankfurt Stock Exchange

As the situation in Iraq develops, oil market bulls and bears battle over the degree to which the worst sectarian violence since US troop withdrawal will exert upward price pressure. The bear case states the lion’s share of Iraqi oil output and exports originate in the country’s Shiia-controlled south, where it is more difficult for… Keep reading →

Baiji North Refinery Complex

All eyes have been on risks to Iraq’s continued ability to supply world markets with oil, but power generation is critical to keeping regional populations calm and facilitating oil industry operations. The violently-contested Baiji refinery supplies refined products to the domestic market, but there is also a 1,320 MW power plant nearby that supplies 10%… Keep reading →

Fed Chairman Says Natural Gas Prices Will Rise 30 Percent

The Rockies Express (REX) natural gas pipeline, originally designed to transport gas from production centers located in the western US, has reversed some of its flow capacity in the opposite direction as a result of booming gas production from eastern shale resources like the Marcellus. Initially, a lateral pipeline extension will ship moderate gas volumes… Keep reading →

U.S. Oil Prices Hit Eight Month High

Renewable energy sources grew significantly last year according to the BP Statistical Review of World Energy 2014, a widely-accepted energy data source, but coal use plugged along with global coal consumption as a share of total global energy consumption at its highest level since 1970. “Demand from renewable energy sources, including wind and solar, rose… Keep reading →

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