Not Business As Usual: China’s Oil Majors Are No Longer Invincible

CNPC (along with its publically listed subsidiary PetroChina) and Sinopec have seen better days. The two Chinese oil majors have been humbled in recent weeks as the former is being subjected to Beijing’s tightening anti-graft noose and the latter just lost a billion dollar international court case. Only CNOOC for the moment, China’s third state owned oil major, remains unscathed. The Big Three, which have c ...

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Whatever Happened to Global Warming?

When does a trend stop being a trend? Put another way, when does a “pause” in a trend become a new trend? Okay, let’s cut to the chase: Whatever happened to global warming now that global cooling is here? A good question you may think given the billions of government dollars which are supporting a climate alarmist industry. ...

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Energy Projects Seem Less Urgent in A Post-Energy-Crisis World

To someone living in 1974, during the first energy crisis of the last 40 years, the idea of mass protests to block a pipeline for importing crude oil from Canada would have seemed incomprehensible. Our environmental awareness has expanded in the interim, along with new channels for exchanging information, including "enduring misconceptions". ...

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Oil Production in North Dakota Keeps Gaining, but Increased Flaring Threatens Regulatory Action

In what is surely one of the biggest stories in the US oil and gas industry over the past 30 years, oil production in North Dakota keeps gaining, reaching new highs along the way. In fact, production in July hit a new record as oil companies brought more wells online once summer rains stopped, the state regulator said on Friday. ...

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US Natural Gas Exports Hit Series of Roadblocks

This week that the Department of Energy (DOE) tentatively approved a fourth non-FTA permit to export liquefied natural gas (LNG). Secretary Moniz is credited with improving the speed with which his Department has moved on exports, having approved three permits in his short tenure compared to one under his predecessor. ...

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Prepare for the Chinese Energy Juggernaut

The Energy Information Administration (EIA) recently released its International Energy Outlook 2013 (IEO2013). While the EIA doesn’t have a sterling track record for predictions, many organizations make decisions at least partially based on EIA projections. Therefore the organization’s forecasts are worth reviewing. ...

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National Geographic and the Statue of Liberty

For 125 years, National Geographic has enjoyed a reputation as a scientific and educational organization. It is so trusted that if a topic is covered within the pages of National Geographic, it has been accepted without question. Most of us grew up reading it in the classroom, and later, in the doctor’s office. ...

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Will Fewer Young Drivers Today Mean Lower Fuel Demand Tomorrow?

Current forecasts from the Energy Information Administration indicate that US gasoline demand peaked in 2007 and is expected to decline steadily for at least the next two decades. One of the most intriguing factors aligned with this shift, which would have been almost unthinkable only a few years ago, involves a surprising reduction in the number of licensed drivers under 40 years of age. A new study from t ...

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