Oil

Brian Bagnell's Tips for Smart Oil and Gas Investing

February 10, 2016 by Jim Patrick

Energy Investment

Brian Bagnell, CFA, is a research analyst in Canadian oil and gas company analysis for Macquarie Capital Markets. He was formerly an investment associate at NB Investment Management. He holds a bachelor's in business administration (finance and accounting) from the University of New Brunswick.[read more]

2015: A Turning Point for Energy?

February 9, 2016 by Geoffrey Styles
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Was the Past Year an Energy Turning Point?

When I sifted through the major energy developments of 2015, I was surprised by the number of references I found to last year as a turning point, whether for the oil industry, the response to climate change, coal-fired electricity generation, or renewable energy.[read more]

BLM's Proposal To Reduce Methane: Why It Matters For America

February 9, 2016 by EDF Energy Exchange

BLM and Methane

More than 90 percent of oil and gas production on BLM lands comes from the Western U.S. The tax and royalty revenue generated by this production is used to fund local infrastructure needs – schools, roads and other improvements — in rural and tribal communities.[read more]

The Physics of Energy and the Economy

February 9, 2016 by Gail Tverberg

Physics and Energy Economics

I approach the subject of the physics of energy and the economy with some trepidation. An economy seems to be a dissipative system, but what does this really mean? There are not many people who understand dissipative systems, and very few who understand how an economy operates.[read more]

An Ill-Conceived Tax Idea

February 8, 2016 by Geoffrey Styles
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Oil Industry Tax and Climate Security

Recently we learned that President Obama's final budget proposal includes a plan to raise money for transportation projects and other uses by imposing a per-barrel tax on US oil companies. Here are a few quick thoughts on this ill-conceived idea.[read more]

California Leads on Reducing Methane Emissions from Oil and Gas Operations

February 8, 2016 by

California and Emissions Prevention

California took a big step forward to reduce emissions of potent, heat-trapping methane pollution from the oil and gas industry. Joining states like Wyoming, Colorado, and Pennsylvania, California is proposing strong but sensible rules to control methane across the oil and gas supply chain.[read more]

What EPA Should Consider on Their Final "Fracking" Assessment

February 8, 2016 by EDF Energy Exchange

EPA and Fracking Rules

Questions about if and how hydraulic fracturing activities (what is called “fracking” by some) can contaminate drinking water have been top-of-mind for many since the practice started getting widespread public attention about a decade ago.[read more]

Warmest End to the Warmest Year on Record

February 6, 2016 by Tom Schueneman

Temperature Records in 2015

The latest State of the Climate report from the National Oceanic and Atmospheric Administration (NOAA) continues with its broken record of broken records. The NOAA report states that not only was 2015 the warmest year on record, it broke the record by the widest margin ever.[read more]

Strong Fuel Economy Standards Needed Even When Oil Prices Are Low

February 6, 2016 by NRDC Switchboard

Fuel Economy Standards and Oil Prices

Now that pump prices have dropped so low, automakers are once again rushing to sell the public on gas-thirsty Sport Utility Vehicles and heavy pickups and calling for a weakening of the coming historic 54.5 miles-per-gallon fuel economy standard.[read more]

High Inventories Help Push Crude Oil Prices to Lowest Levels in 13 Years

February 5, 2016 by U.S. EIA: Today in Energy

Crude Oil Inventories

Several factors have played a part in pushing U.S. crude oil prices below $30 per barrel (b), including high inventory levels of crude oil, uncertainty about global economic growth, volatility in equity and nonenergy commodity markets, and the potential for additional crude oil supply to enter the market.[read more]

Preventing Future Aliso Canyon-Sized Gas Leaks: the Importance of Well Integrity

February 5, 2016 by EDF Energy Exchange

Leaks and Well Integrity

Southern California is now in month three of one of the country’s worst environmental disasters. In October 2015, a natural gas storage well operated by SoCal Gas sprung a massive leak hundreds of feet underground, releasing nearly 1,400 tons of gas into the air each day at its peak.[read more]

Keystone Redux: TransCanada is Now Seeking An Ocean Route for its Dirty Tar Sands

February 5, 2016 by Danielle Droitsch

Tar Sands Risks

The company that eventually lost a bid to build the Keystone XL tar sands pipeline (and has filed a lawsuit against the United States government for $15 billion for lost profits) is eyeing to get its tar sands oil to the Gulf Coast another way: by sea.[read more]

Why Oil Under $30 per Barrel is a Major Problem

February 4, 2016 by Gail Tverberg
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Cheap Oil Risks

A person often reads that things like the current trend of low oil prices – for example, $30 per barrel oil prices – will actually stimulate the economy, and the economy will soon bounce back. But what is wrong with this story? A lot of things, as I see it.[read more]

Changing Contract Expiration Dates Will Affect Crude Oil Futures Comparisons

February 4, 2016 by U.S. EIA: Today in Energy

Crude Oil Futures

A change to the North Sea Brent crude oil futures contract is altering the way prices for Brent futures are compared to futures prices for West Texas Intermediate (WTI) crude oil. Beginning January 29th, the Brent contract will expire, or rollover to the next month.[read more]

It Really Was A Trillion Dollar Blunder

February 3, 2016 by Robert Rapier
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OPEC and Oil Production

A few days after Christmas I appeared on CNBC Asia’s Squawk Box to discuss the volatility in the oil market. Bernie Lo asked a question about OPEC’s strategy, and I characterized their decision to defend market share as “a big, costly mistake” that had already cost the group over $500 billion.[read more]