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Oilprice

Recent Articles by Oilprice.com

May 5, 2014 by Oilprice.com

U.S. Announces First Superstorm-Related Oil Reserve

The U.S. Department of Energy announced on May 2 that it plans to build an oil storage facility in the northeast to prepare for future emergencies.

May 5, 2014 by Oilprice.com

Weakening Russian Energy Sector May Not Support Geopolitical Ambitions

The Russian economy may not be able to finance the Kremlin's ambitions in Eastern Europe for much longer because the country's oil and gas output is no longer a strong support of growth.

May 4, 2014 by Oilprice.com

Why Hasn’t the U.S. Gone After Gazprom?

Although the European Union has imposed its own tough sanctions on 48 Russian individuals, Gazprom is arguably where daylight exists between the Obama administration and the EU on the issue of penalizing Moscow for its actions in Ukraine.

May 4, 2014 by Oilprice.com

This Unloved Oil Province Just Hit a Record

A few years ago, the Brazilian presalt play was the hottest thing going, with E&Ps and stock buyers alike lining for a chance at billion-barrel oil discoveries here.

May 1, 2014 by Oilprice.com

Putin Threatens Retaliation Against Western Oil Companies

Russian President Vladimir Putin has responded to U.S. and EU sanctions by warning that further action against Russia could force him to reconsider the involvement of western oil companies in his country.

May 1, 2014 by Oilprice.com

Miley, Bieber, and Changing Global Oil Dynamics

What does the U.S. energy boom have in common with Miley Cyrus?

Apr 30, 2014 by Oilprice.com

China Can’t Quit Coal

Despite enacting recent ambitious clean energy targets, coal will likely remain a central pillar of the Chinese energy economy for years to come.

Apr 30, 2014 by Oilprice.com

Western Sanctions on Russia? Think Twice

Those most likely to feel the negative impact of the sanctions are not the Russians, but the European countries friendly to the United States.

Apr 29, 2014 by Oilprice.com

U.S. Greenhouse Emissions Tied to Aging Nuclear, Coal Plants

New projections from the Energy Information Administration find that the trajectory of U.S. greenhouse gas emissions is highly sensitive to the operation of the nation’s nuclear and coal-fired power plants.

Apr 29, 2014 by Oilprice.com

Short-Sighted Europe Cannot Resist Russian Gas

As the rhetoric between Russia on one hand and the West and Ukraine on the other reaches an all-time high, and the situation in eastern Ukraine gets bloodier, Moscow holds the only gas card. Europe might complain, but in the end it will give in like a cheap gas junkie at the expense of its future.

Apr 28, 2014 by Oilprice.com

Canada to Phase out Oil Railcars Prone to Rupture

Canada’s transportation minister announced on April 23 that the government would phase out controversial oil tank rail cars that have been involved in a series of deadly train derailments and explosions.

Apr 28, 2014 by Oilprice.com

Gulf Coast Oil Stockpiles Hit Record Levels

Crude oil stockpiles in the United States are at record levels and, with no place to go, oil inventories may continue to build because of the accelerating rate of production from shale operations.

Apr 27, 2014 by Oilprice.com

Double-Digit Growth for U.S. Shale Explorers

Energy companies targeting inland shale basins in the United States are starting to reap the financial rewards of the North American production boom, with shares for big and marginal players alike posting huge gains.

Apr 27, 2014 by Oilprice.com

8 Energy Myths Explained

Republicans, Democrats, and environmentalists all have favorite energy myths. Even Peak Oil believers have favorite energy myths. The following are a few common mis-beliefs, coming from a variety of energy perspectives. I will start with a recent myth, and then discuss some longer-standing ones.

Apr 26, 2014 by Oilprice.com

Why Alaska Increasingly Resembles a Petro-State

Alaska has long been one of the United States’ largest producers of oil, but the state has experienced a general decline in production since 1990, when it peaked at around 2 million barrels per day.

Apr 25, 2014 by Oilprice.com

North Dakota Considers Slowing Down Oil Boom

North Dakota is considering measures to slow down the oil rush in the Bakken to cut down on the state’s higher-than-average rate of flaring natural gas, which many people feel has gotten out of control.

Apr 25, 2014 by Oilprice.com

China Passes Major Environmental Rules

In a clear sign that the growth-at-all-costs policy that has governed the Chinese economy for a generation is changing, Beijing has unveiled a slate of stronger environmental laws aimed at, among other things, curbing chronic smog in its major cities.

Apr 24, 2014 by Oilprice.com

Russia, India Planning $30 Billion Oil Pipeline Through Xinjiang

The recent unease in both the U.S. and Europe over Russian President Vladimir Putin’s March 17 annexation of Crimea has added to Moscow’s efforts to diversify its markets beyond Europe.

Apr 24, 2014 by Oilprice.com

U.S. Wants to Help Ukraine Develop Shale Gas

Amid rising tensions with Russia, the U.S. Department of Energy plans to work with private U.S. companies to help Ukraine develop its shale gas resources.

Apr 23, 2014 by Oilprice.com

Obama Admin Gives Nuclear Loan Guarantee For Free

The Obama administration has finalized a $6.5 billion loan guarantee to Georgia Power to build two new nuclear reactors near Augusta, Georgia. But in a surprise move, the Department of Energy will not charge a credit subsidy fee.

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