OPEC and oil prices: if you gave a dozen dysfunctional vagrants control of the global economy, what do you think would happen?
The business news is dominated by talk of crashing oil prices and the possible repercussions. Oil patch workers and anyone who thought shares in energy companies were a good idea are watching, slack jawed and pasty white, share prices get demolished and wondering if this really is the end of the oil era. Could be, […]
Falling oil prices: Happy days at the pumps, Hummerized Priuses surely on the way, and what on earth happened anyway?
If you follow the news much, and if you don’t I don’t blame you, you may have noticed apocalyptic noises about how oil prices are, in ascending order of doom, in free fall, crashing, being obliterated, annihilated, etc., grand overstatements each trying to outdo the previous (in actuality, oil prices fell from around $100/barrel to […]
Keystone pipeline: giant environment-eating snake or friendly gap-toothed bumpkin fuelling your tank?
In the energy business, a new pipeline that can carry 800 thousand barrels a day hardly makes the news; there are literally millions of miles of pipelines criss-crossing North America, including almost 200 thousand miles of big oil ones. Some pipelines have sprung leaks, which are disgusting and unacceptable, but spills of any magnitude […]
Asia/Pacific summit: US/China chart green(er) energy future, Putin punches baby that appears potentially gay
The US and China announced a plan to implement new limits on carbon emissions in November at the Asia Pacific economic conference or something, whatever it was called. The plan was met with lukewarm enthusiasm by “experts” (according to Reuters) because it didn’t break any new ground. Still, it is undeniably good news to have […]
What are oil and gas reserves?
When you think of oil reserves, and I’m sure it’s often and with great passion, do you imagine this… or this? Well let’s face it, odds are you never put more than a second’s thought into it. Maybe you’re the kind of person who reads about something like that in the news, and it sounds technical, […]
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