The US made significant energy efficiency inroads following the 1973 oil embargo, but fresh supplies of cheap energy hit markets in the mid-1980’s, bringing renewed complacency that caused lawmakers to backslide on efficiency measures. Famed innovator and energy researcher Amory Lovins sets the stage for a new energy efficiency surge in his latest blog post:… Keep reading →
Most oil analysts and market observers feel nostalgic this week, as they consider how the global oil market changed in the 40 years following the Arab oil embargo. Citi’s Ed Morse credits the embargo with triggering the largest transfer of wealth in modern history – due to the spate of oil company nationalizations that followed… Keep reading →
The 40th anniversary of the Arab oil embargo against states that supported Israel during the Yom Kippur War is an appropriate occasion to evaluate the state of the international oil market. The embargo started on October 16th, 1973. The global petroleum system was irrevocably altered by the embargo and the global oil business forever transformed… Keep reading →
Natural gas production gains spurred by the unconventional revolution upended long-held beliefs about resource scarcity in the US, leading to calls for exports. And the rise in US unconventional crude production has led to similar calls for exporting oil. “Federal lawmakers should overturn the ban on exporting crude oil produced in the United States,” said Blake… Keep reading →
