The Real Cause Of Low Oil Prices: Interview With Arthur Berman
Jan18

The Real Cause Of Low Oil Prices: Interview With Arthur Berman

The Real Cause Of Low Oil Prices: Interview With Arthur Berman by James Stafford With all the conspiracy theories surrounding OPEC’s November decision not cut production, is it really not just a case of simple economics? The U.S. shale boom has seen huge hype but the numbers speak for themselves and such overflowing optimism may have been unwarranted. When discussing harsh truths in energy, no sector is in greater need of a...

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Energy Crisis As Early As 2016
Jan07

Energy Crisis As Early As 2016

Energy Crisis As Early As 2016 By Dan Steffens Low oil prices today may be setting the world up for an oil shortage as early as 2016. Today we have just 2% more crude oil supply than demand and the price of gasoline is under $2.00/gallon in Texas. If oil supply falls too far, we could see gasoline prices doubling within 18 months. For a commodity as critical to our standard of living as oil is, it only takes a small shortage to drive...

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A Vast Number of  New Jobs to Be  Created in and by  New Congress  (Updated)
Jan06

A Vast Number of New Jobs to Be Created in and by New Congress (Updated)

Update: And this is no satire: As the New Republican Congress gets ready to vote on a bill to approve construction of the Keystone XL pipeline, the White House is sending signals that President Obama would veto such legislation. While the bill is all but guaranteed to pass the Senate, it is not clear whether there will be enough votes to override a presidential veto. In the meantime, an article in The Hill states most clearly, in my...

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Did The Saudis And The US Collude In Dropping Oil Prices? (Guest Voice)
Dec30

Did The Saudis And The US Collude In Dropping Oil Prices? (Guest Voice)

Did The Saudis And The US Collude In Dropping Oil Prices? by Andrew Topf The oil price drop that has dominated the headlines in recent weeks has been framed almost exclusively in terms of oil market economics, with most media outlets blaming Saudi Arabia, through its OPEC Trojan horse, for driving down the price, thus causing serious damage to the world’s major oil exporters – most notably Russia. While the market explanation is...

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The Fracking Boom is a Fracking Bubble
Dec26

The Fracking Boom is a Fracking Bubble

Gas prices have plunged to the low $2 range—except in Pennsylvania. In Pennsylvania, the prices at the pump are in the mid-$2 range. That’s because Gov. Tom Corbett and the legislature imposed a 28-cent per gallon surcharge tax. Until 2019, Pennsylvanians will be paying an additional $2.3 billion a year in taxes and fees—$11.5 billion total—to improve the state’s infrastructure. In addition to the increased tax on gas at the pumps,...

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Obama-Putin clash: Ringing alarm bells
Dec04

Obama-Putin clash: Ringing alarm bells

Alarm bells should be ringing in Washington because of two significant events in Europe today likely to speed up processes already underway to weaken the transatlantic economic partnership. President Barack Obama has been pushing Europe strongly towards economic and political clashes with Russia’s Vladimir Putin because of Moscow’s annexation of Crimea and armed interference in Ukraine. The US-Europe allies should now be concerned...

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How Americans Came to Oppose Fracking
Nov22

How Americans Came to Oppose Fracking

by Walter Brasch For the first time since high volume horizontal hydraulic fracturing, commonly known as nonconventional fracking, was developed, more Americans oppose it than support it. According to a national survey conducted by the independent non-partisan Pew Research Center, 47 percent of Americans oppose fracking, while 41 percent support it. This is a 7 percent decline in support from March 2013, and a 9 percent increase in...

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The Republican War on Science and Education
Nov18

The Republican War on Science and Education

While America and other western nations are concerned about climate change and ISIS, Republican conservatives take stances similar to some of those of ISIS and Boko Haram. The conservative wing of the Republican Party, which seems to dominate the party’s ideology, appears to be waging its own war against science and education. (Fortunately, they’re not quite as brutal in how they handle women as their Islamic counterparts.) Some of...

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Despite Solyndra, Energy Loan Program Now Making A Profit
Nov14

Despite Solyndra, Energy Loan Program Now Making A Profit

Before Republicans became obsessed with Benghazi, and now putting far more significance on Jonathan Gruber’s comments on the Affordable Care Act than, as I explained earlier in the week,  there actually is, they loved to scream about Solyndra. Solyndra was granted loan guarantees under a program which was started under George Bush and expanded in Obama’s stimulus program. Never mind that the entire stimulus package was highly...

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The Driving Force Behind the US Oil Boom (Guest Voice)
Nov07

The Driving Force Behind the US Oil Boom (Guest Voice)

The Driving Force Behind the US Oil Boom by James Stafford of Oilprice.com The shale revolution’s sweet spot is oilfield services, the lower-risk backbone of the American oil and gas boom that pays off regardless of a play’s economics. Behind the stardom of the explorers and producers who have put themselves on the revolutionary shale map and absorb most of the risk—are the service providers who make up a highly lucrative market...

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Russia warns it’s coming for the Arctic’s oil, including an area Canada claims as its own
Oct31

Russia warns it’s coming for the Arctic’s oil, including an area Canada claims as its own

MOSCOW – Russia has warned that it will revive its claim to a huge swathe of the Arctic in the hope that it can secure the rights to billions of tons of oil and gas. Moscow has long seen the seabed off its northern coastline as a mine of valuable hydrocarbons and is keen to...

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Peak Water
Oct30

Peak Water

For several years we have been hearing about Peak Oil but a greater threat to the human race is Peak Water.  We have heard about the drought and water shortages in California but that state is not unique. The Central Valley boasts some of the globe’s fastest-depleting aquifers—but by no means the fastest overall. Indeed, it has a rival here in the United States. The below[above] graphic represents depletion rates at some of the...

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Eight Months of War: Gains and Losses in the Ukraine Campaign (Gazeta, Russia)
Oct25

Eight Months of War: Gains and Losses in the Ukraine Campaign (Gazeta, Russia)

It has been eight months since the beginning of the Euromaiden protests, the toppling of Ukraine President Viktor Yanukovych and the current crisis over Ukraine. This editorial from Russia’s Gazeta takes stock of what Russia has gained and lost, and freely admits that in terms of the Russian social contract, ‘sausage in exchange for freedom can be considered terminated: the trend now is not sausage, not freedom – but...

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Plunging Oil Prices
Oct14

Plunging Oil Prices

To get the WTI oil price, please enable Javascript. Oil prices have been plunging.  This is bad news for many oil exporting nations. The biggest energy story in the world right now is the collapse of global oil prices. And for major producers like Russia or Iran or even Saudi Arabia, that’s unsettling news. How bad is it? One good place to start is with this excellent chart from The Economist looking at the...

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A Fracking Good Letter
Oct04

A Fracking Good Letter

by Walter Brasch The oil and gas industry has retreated from its entrenched position to have the public delete the “k” in “fracking,” and write it as “frac’ing” or “fracing.” Those who have been the strongest advocates for fracking scorned and mocked those who place the “k” in the word. The problem is that without the “k,” the word sounds like “frasing.” However, the first use of the word “fracking” can be traced to an oil and gas...

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All Eyes On Kenya: The Next Big Oil Exporter (Guest Voice)
Oct02

All Eyes On Kenya: The Next Big Oil Exporter (Guest Voice)

All Eyes On Kenya: The Next Big Oil Exporter by James Stafford Not even the specter of a spillover of Islamic extremism from Somalia can dampen the atmosphere in Kenya, where commercial oil production is expected to begin in 2016 and discovery after discovery has made this the hottest and fastest-paced hydrocarbon scene on the continent. When it comes to new oil and gas frontiers, today it’s all about Africa. And more specifically,...

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Why a UN Climate Agreement Cannot be Reached
Sep22

Why a UN Climate Agreement Cannot be Reached

This week the UN will convene a climate summit where Secretary General Ban Ki Moon will ask leaders to bring “bold announcements and actions that will reduce emissions, strengthen climate resilience, and mobilize political will for a meaningful legal agreement in 2015.” For those who have marched in cities around the world this weekend demanding change, the summit offers a new opportunity to finally set the world on a corrective path...

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Arsenic-Laced Coffee Good for You
Sep20

Arsenic-Laced Coffee Good for You

by Walter Brasch You’re sitting in your favorite restaurant one balmy September morning. Your waitress brings a pot of coffee and a standard 5-ounce cup. “Would you like cream and sugar with it?” she asks. You drink your coffee black. And hot. You decline her offer. “Would you like arsenic with it?” she asks. Arsenic? You’re baffled. And more than a little suspicious. “It enhances the flavor,” says your waitress. “I really don’t think...

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Islamic State Barbarism Ignites Long-Absent Muslim Soul Searching (Die Zeit, Germany)
Sep08

Islamic State Barbarism Ignites Long-Absent Muslim Soul Searching (Die Zeit, Germany)

Since September 11, a continuing concern in the West has been the perception of a lack of Muslim introspection over the use of Islam as a fulcrum for terrorism. Now, with the emergence of the Islamic State, the most bestial, immoral and nihilistic band of terrorists the modern world has ever known, such a dialogue among the Muslim intelligentsia and average people alike appears to have begun. For Germany’s Die Zeit, columnist...

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New Technology Could End The Debate Over Pipeline Safety (Guest Voice)
Sep01

New Technology Could End The Debate Over Pipeline Safety (Guest Voice)

New Technology Could End The Debate Over Pipeline Safety by James Stafford, Oilprice.com Who could have ever imagined that North America would surpass Saudi Arabia as the world’s largest producer of oil and natural gas liquids? A decade ago, that would have seemed laughable. Yet that’s exactly what has happened; and it’s not just Saudi Arabia that has been left in North America’s dust — Russia has, too. The surge in North...

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