Happy Canada Day! Here in the U.S., if you’re not already celebrating with our friends to the North, think about starting. Canada is much more than a good neighbor. Canada always has had America’s back (well,except for that War of 1812 thing). The best hockey players on the planet come from Canada, and their new… Keep reading →
In the United States, coal is facing hard times. The welcome, though unexpected expansion of unconventional natural gas resources and production in North America has made natural gas the economically attractive fuel choice for new electricity generating power plants and, in many cases, has replaced older existing coal fired plants. From 2003 to 2013 coal’s… Keep reading →
We are at a transformational moment in energy history. Just a few years ago, all energy projections forecast increased imports, increased scarcity, and increased natural gas prices. Today, we’ve shifted from scarcity to abundance. U.S. oil production has increased by 2.5 million barrels per day (B/D) since 2010. This year, the United States overtook Saudi… Keep reading →
Mergers and acquisitions in the North American power and utilities space is continuing to recover from a steep dropoff, with third-quarter 2013 deal activity up from second-quarter and year-ago levels. There were 12 power and utilities deals valued at more than $50 million in the third quarter, up from seven in the previous quarter and… Keep reading →
Half empty in the West, half full in a handful of centrally planned economies Nuclear power’s prospects appears to be doomed in the West where markets and private investors tend to make the decisions and assume the risks, that is, if they can get the public’s support and regulator’s approval. In other parts of the… Keep reading →
Guy Chazan must have inwardly rejoiced while interviewing outgoing Shell CEO Peter Voser for his piece in the Financial Times (which I’d link to, but they have a frustrating paywall situation). Most of the interview is about dull and important matters like capital expenditure cycles for oil majors, but Voser gave the FT a little… Keep reading →
In 1956, a little-known geologist named Marion King Hubbert published a paper predicting that oil supplies were destined to reach a peak as the cheap and easy to tap reservoirs were depleted over time. He predicted that US oil production would peak somewhere between the late 1960s to early 1970s. Others, including oil financier Mathew… Keep reading →
Global benchmark oil prices in the spotlight for the past few weeks amid Middle East and North African supply concerns have arguably been tempered by strong North American output keeping the global market adequately supplied. How long can this dynamic persist, however? Respected analyst Amy Myers Jaffe delves into this question in a recent Fuel… Keep reading →
That global oil demand hit record levels last year is not breaking news. But the US Energy Information Administration highlighted an important trend today, one that features in conversations about the future of energy consumption perhaps less frequently than it should. Demand growth in Asia, Central and South America and other regions has been strong enough… Keep reading →
By Sri Jegarajah The risk of a disorderly decline in benchmark U.S. crude futures is growing after a four-week rally sent prices to 16-month highs and money managers amassed record bullish bets, defying an economic slowdown in China and the North American shale energy supply boom. WTI (West Texas Intermediate, the oil grade underpinning the U.S. crude futures… Keep reading →
