One of the worst droughts in U.S. history is hampering oil production, pitting farmers against oilmen and highlighting just how dependent on water modern U.S. energy development has become.
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The U.S. economy grew at an annual rate of just 1.5 percent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.
Natural gas prices have surged over 70% during the past three months, fueled by increased air conditioning use, a switch from coal in power plants, and declining production rates.
Vanadium is a metal used in the steel, aerospace and energy storage industries – and as with virtually all commodities – the supply, demand and price outlook for this commodity varies depending on who one speaks with.
The energy and metals markets first collided in the 1970’s and 80’s when oil and gas companies looking to expand their businesses merged with mining companies. For example, Union Oil of California (UNOCAL) acquired rare earth miner Molycorp in 1977 – UNOCAL was subsequently acquired by Chevron in 2005, making Molycorp a fully owned subsidiary of the oil giant. Keep reading →
CNOOC’s proposed bid for Canadian oil-and-gas producer Nexen would increase Asia’s sway and influence over the pricing of Brent crude, the global oil benchmark, market analysts said Tuesday. The proposed takeover, which would be China’s biggest foreign acquisition, would put the largest crude stream that feeds into the physical Brent benchmark into Chinese hands. This would mean exclusive insight into North Sea production issues and maintenance that will affect the price of Brent crude and other crudes priced off of it.
When Royal Dutch Shell sinks five wells off Alaska — slated for next month — it will be the first drilling in U.S. Arctic waters in decades.
“Why can’t we just…” is often the question energy industry leaders face when dealing with questions about the current state of the energy business. “Why can’t we just build all renewable energy?” or “Why can’t we just switch over to electric vehicles?”
The answer is usually – at least in large part – infrastructure. Keep reading →
Oil prices climbed for a fourth day on hopes that the Federal Reserve will take additional steps to prop up the economy.
How do you get a weak signal from noisy data? That’s the question Blu Putnam, Managing Director and Chief Economist at exchange operator CME Group says will dominate the future of data analysis.
At a time when everyone is suffering from information overload, everyone also has a choice to make about how they handle and analyze the data they work with and often live by. While Putnam takes a ‘Bayesian’ approach (learn more about that here), others are trusting in everything from aggressive data mining to narrowing down data needs to suit desired outcomes (learn more about a wind energy startup based on that premise here). Keep reading →
