El Nino

Kuwait Promises To Increase Oil Production In Case  Of War

Saudi Arabia stood accused on Tuesday of trying to wreck the Paris climate summit in order to protect its future as one of the world’s largest oil producers. [The Guardian] The American Legislative Exchange Council has suffered the loss of another major corporate sponsor with American Electric Power announcing it will no longer provide the… Keep reading →

Louisiana Oil Industry Recovers From Katrina Devastation

In its latest World Energy Outlook, the IEA’s scenario for oil prices forecast that the oil market would rebalance at $80 a barrel by 2020. [CNBC] The El Nino weather system, combined with a  relatively warm winter in the Midwest and on the East Coast, could keep a lid on energy prices and potentially cap stock… Keep reading →

Is the US headed for a cooler summer and a lower demand for energy-intensive air conditioning following the surging temperatures of recent years?

Two forecasters think so, based on El Nino, or the cyclical warming of Pacific Ocean waters, which is expected to bring lower temperatures than were experienced in recent summers to many areas of the U.S. this year. Keep reading →