Category: ‘
Energy Supply ’
75 entries in this category. Displaying 21-25 of 75
The price of oil continued its steady upward climb yesterday as OPEC member nations decided that changes to their output ceiling would not be needed this year. NYMEX crude futures are trading at over $82 per barrel this morning....
Posted Wednesday, March 17th, 2010 at 7:47 am | Filed in: Energy Supply, Oil Prices
Today, in its Energy Source blog, the Financial Times looked at the possibility of a broad switch from coal plants to natural gas power plants. It cites Bernstein Research as predicting that this shift will come despite uncertai...
Posted Wednesday, March 10th, 2010 at 8:55 am | Filed in: Electricity, Energy Demand, Energy Supply
The Financial Times reported this week that the outgoing Africa chief of Royal Dutch Shell issued a stinging public criticism of the Nigerian government over proposed legislation that could raise royalties from 1-2 percent to more...
Posted Wednesday, February 24th, 2010 at 10:07 am | Filed in: Energy Supply
Since the 1950s, when M. King Hubbert correctly predicted a 1970s peak in U.S. oil production, the “peak oil” debate has roiled industry and policy groups as different stakeholders try to prove that either we are rapidly runni...
Posted Tuesday, February 23rd, 2010 at 6:43 am | Filed in: Energy Supply, Gas Prices
Later today, we expect to learn that the President’s FY 2011 budget will include $54 billion in loan guarantees for the construction of new nuclear power plants. This is a critical step forward to the revitalization of the nucle...
Posted Monday, February 1st, 2010 at 4:47 am | Filed in: Electricity, Energy Supply, Nuclear
The Financial Times reported yesterday that Kazakhstan is threatening to extract higher taxes from western oil majors. Contracts on the country’s three largest oil projects (led by ChevronTexaco, BG/Eni and Eni respectively) w...
Posted Wednesday, January 27th, 2010 at 8:05 am | Filed in: Energy Supply
Last week this blog pointed out the current oil price conundrum – extremely high spare capacity of upwards of 4 million barrels per day (mmbd) coinciding with high oil prices. Speculation or rebounding demand?
At yesterday’...
Posted Tuesday, January 19th, 2010 at 8:22 am | Filed in: Energy Demand, Energy Supply, Oil Prices
This morning WTI crude traded at above $80 per barrel. A year ago they traded closer to $40 per barrel. The OECD oil demand projection is set to fall by 4.3% (-2.0 mb/d) year-on-year in 2009 and remain flat in 2010. Notably,...
Posted Wednesday, January 13th, 2010 at 6:02 am | Filed in: Energy Demand, Energy Supply, Oil Prices
While oil prices hover around $80 a barrel, in Saudi Arabia you can buy a barrel – for domestic use – for $5.
The subsidy might not seem so unreasonable in the current climate, when Saudi and other OPEC members find themsel...
Posted Tuesday, January 12th, 2010 at 8:32 am | Filed in: Energy Demand, Energy Supply, Oil Prices
