At $50/barrel oil OPEC countries go on a cat food diet. Why no whining this time around?
Crude oil markets, which normally just bore or irritate people, are actually in a fascinating (relatively speaking) equilibrium these days. It’s like the quiet moment in a room before everyone jumps out and yells ‘surprise’, or the interval at an amusement park between a flash of lightning and the boom that sends everyone scurrying like […]
Global oil production: A (true) tale of yet another torpedoed production forecast
This site was never intended to adopt any sort of big position on a current media event, but recently I have to admit the posts have become a bit one-dimensional, perhaps even shrill or mildly hysterical. It can’t be helped, the world is in danger. Well, not really but I don’t think it’s unfolding the […]
Buy your turbo SUV on a 12 month lease, we are NOT awash in oil…
If you are interested in a better understanding of the energy industry, those for whom this site was founded oh so long ago, it’s very irritating to have your head bashed around by waves of statistics from experts that make seldom-corroborated predictions. More often than not the numbers are used to stun opponents or act […]
Why are big European oil companies urging action on climate change? What are they selling now, bananas?
Europe’s biggest oil companies recently vomited forth a joint statement professing grave concern for the environment, and throwing in for free a lecture on the need for better planning to deal with it. I wish I was making this stuff up but I lack the imagination. Maybe Sepp Blatter is calling the shots, lord knows […]
California cleanin’: Plains Pipelines adds the worst Sheen yet to the West Coast
On May 19, several hundred barrels of oil leaked out of a Plains All American Pipeline pipeline (no easy way around that grammatical pig) and found its way down into the Pacific Ocean near Santa Barbara, California. The situation remains totally not funny despite the droll PR campaign that was professionally and promptly put into […]
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