Iran has the world’s largest proven natural gas reserves (second largest depending on the data source) – 18% of the world total – but has struggled to get its export program off the ground. Iran exports gas to Turkey via pipeline – 7.5 Bcm in 2012 – and negligible volumes to Azerbaijan and Armenia, also… Keep reading →
The US has gone from a net chemical importer in 2011 to an exporter with anticipated export revenue of almost $30 billion by 2018, thanks in large part to comparatively cheap natural gas and power prices. “US groups such as ExxonMobil, Dow Chemical, Chevron and Phillips 66 are among the leaders in investing in new… Keep reading →
In a story developing throughout the week, Libyan rebels sold 230,000 barrels of crude oil officially owned by Libyan National Oil Company to a North Korean-flagged tanker heading to an unknown destination. In response, the Opec member country sacked Prime Minister Ali Zeidan on Tuesday. [AFP and Reuters] The Tesla Motors sales model took a… Keep reading →
The US Energy Information Administration – DOE’s statistical arm – today released its Short-Term Energy Outlook, which includes commodity price forecasts and anticipated supply/demand fundamentals. Included below are some comments from EIA Administrator Adam Sieminski about the report: Crude Oil “EIA expects strong U.S. crude oil production growth will help reduce WTI prices to an… Keep reading →
The Saudis threatened to block fellow GCC member Qatar’s land and sea borders unless it cuts all Muslim Brotherhood ties, shuts down Al Jazeera and expels think tanks Brookings Doha Centre and the Rand Qatar Policy Institute. Saudi Arabia, UAE and Bahrain withdrew their ambassadors from Doha last week to protest Qatar’s Muslim Brotherhood support,… Keep reading →
US oil-directed drilling rigs reached 1,443 last week, which is the highest level recorded since Baker Hughes separated its oil and gas rig counts in 1987. “One could argue that all of the increase in the oil rig count this week was because of the Permian,” James Williams, president of WTRG Economics in London, Arkansas,… Keep reading →
Ukraine’s political crisis continues, with Russian troops in Crimea, reformist forces in power in Kiev, and Europe, the US and Russia vying to broker a lasting solution. Just below the surface is the critical issue of natural gas. Europe gets approximately one-third of its gas from Russia and the majority passes through Ukraine. Will Ukraine… Keep reading →
Everyone knows that if you want your kids to grow up strong and healthy, they need to eat their vegetables. But as any parent knows, it’s easier said than done. That’s why in my house, there is a rule: you can’t have any dessert until you eat your vegetables. Now, of course, my kids like… Keep reading →
When you’re talking about trends, it’s usually the major cities in the U.S. that create them. From there, the smaller towns around the major city adopt the trend and it continues to spread onward. The green movement has done just that, with cities being the first to implement recycling programs and finding sustainable solutions to… Keep reading →
The revolution in North American energy development has been made possible by technological breakthroughs in decades-old methods of energy development, which has set this nation on the path to energy security, a concept unthinkable just a few years ago. The energy policies we choose today will determine if our nation will continue its march toward… Keep reading →
