As Russia’s Isolation Grows, Oil Companies Caught in Middle
The confrontation between Russia and the West took a turn for the worse with the downing of a Malaysian airliner on July 17, and that could spell trouble for several major oil companies operating in Russia.
The Biggest Energy Trading Disaster in History
The simple fact is that trading involves risk. Bad risk management happens every day to individual traders who blow up their accounts with one overly aggressive or poorly managed position, and it occasionally happens to those paid to risk other people’s money as well. When it happens to the pros, though, the enormous access they have to leverage exaggerates the effects.
Who Are the World’s Richest Oil Barons?
A rundown of the planet's wealthiest oilmen.
Funding War: U.S. Companies Disclose Conflict Mineral Use
The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act, which mainly focused on strengthening the U.S. banking and financial system in the wake of the Great Recession, included a lesser-known provision.
As Fracking Expands, So Does Opposition – Even in Texas
Public opposition to hydraulic fracturing – better known as “fracking” -- is nothing new. The 2010 documentary “Gasland” energized the nascent anti-fracking movement, with its depiction of tap water that caught on fire and once-healthy people who became chronically ill after fracking operations began nearby.
Using Nanotubes to Make Cheaper, Cleaner Hydrogen Fuel
Hydrogen has a reputation as a clean source of energy, especially when compared to fossil fuels such as oil and coal. But there’s just one problem: You need to burn methane, itself a fossil fuel, to make hydrogen. So with current technology, hydrogen isn’t as clean as its reputation.
The Islamic State: Be Afraid, Be Very Afraid
If you think the oil industry is already too powerful, imagine that power under the control of already powerful terrorists whose aim is political supremacy over multiple territories.
The Largest Landfill on Earth: Plastic Garbage in the Oceans?
Think about the last time you got takeout or ate at a fast food restaurant. Or the last time you bought a pre-packaged food item from a store, or drank a bottle of water or soda. Chances are, plastic was involved in all those items -- plastic that will still be around up to 1,000 years from now.
What Happened To My Energy Portfolio?
After a nice run, should you be worried about your energy stocks?
Looking for the Next Oil Boom? Follow the Tech
New technology reinvigorating one of America's oldest oilfields.
BP’s Latest Estimate Says World’s Oil Will Last 53.3 Years
According to BP, drivers whose vehicles rely on burning oil have a little more than a half-century to find alternate sources of energy. Or walk.
Oil Giants Gassed out on Renewable Energy
Could the future of renewable energy be reliant on the efforts of big oil companies? They would certainly like you to think so.
Less Demand for OPEC Oil as Other Sources Increase Supply
OPEC is cutting its forecast of demand for its own oil by 300,000 barrels a day in 2015 because of an increased supply of crude from other sources, particularly the United States and Canada.
800 Degree Heat From Solar Mirrors Frying Birds Mid Air
There is growing evidence that birds flying in the vicinity of a solar thermal power project in California’s Mojave Desert are being injured and even killed either by the solar heat that’s focused with mirrors on its three energy-collecting towers, or by colliding with the mirrors themselves.
The World Still Needs Saudi Arabia’s Oil
Economic analysts are torn as to how important Saudi Arabia will prove to the global economy in years ahead. In the first half of 2014, the US surpassed Saudi Arabia to become the world’s foremost oil producer. This sparked widespread predictions that the US would soon become an oil exporter, reducing its dependency on Riyadh and harming Saudi Arabia’s leading role in the Middle-East.
The Global Prospects for Enhanced Oil Recovery
“I see, as in a map, the end of all”. Like William Shakespeare’s Queen Elizabeth, King Hubbert saw the end of oil not in a map, but in a bell-shaped curve, predicting as far back as 1956 that oil would peak at 12.5 billion barrels a year around 2000. Improved extraction techniques and new sources of energy have proved him wrong so far, but the crux of peak oil theory lies elsewhere.
Can the Arctic Reshape Global LNG Shipping?
Rising global temperatures are melting Arctic sea ice, so much so that some companies are now viewing the Arctic Ocean as a major shipping route for energy supplies.
The Fossil Fuel Industry May Not Help the Planet, But It Employs Millions
The energy debate, particularly in the U.S., is polarized. Some see fossil fuel industries as the enemy, in their pursuit of ever-increasing profits at the expense of the planet. Others ignore or even deny the widely accepted view that oil, gas and coal are negatively impacting our environment every day. Whichever side you are on, there is one basic fact that cannot be ignored: Fossil fuels account for a huge number of jobs, both in the U.S. and globally.
‘Sponge-like’ Silicon May Mean Major Advance in Battery Technology
For years, manufacturers have used graphite for one of the electrodes in lithium-ion batteries, but have hankered for a way to replace graphite with silicon, which can hold 10 times more energy.
Obama Fiddles While Iraq Burns
To compare U.S. President Barack Obama to a modern-day Nero may be somewhat harsh, but as the Middle East continues to disintegrate, falling into chaos and unprecedented violence, its oilfields and gas fields within grasping reach of well-organized terrorist groups, it’s hard not to when no clear U.S. foreign policy is in sight.