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Global Gas Guzzlers

December 4, 2013 by Lucas Davis

Guzzling Gas

Recently I have been spending a lot of time thinking about global fuel subsidies. The most extreme example is Venezuela, where gasoline costs only 6 cents per gallon. That’s not a typo. The price in Venezuela is less than 1/50th of what I pay in California.[read more]

Could Political Turmoil in Venezuela Be Good for Oil Sector?

January 28, 2013 by Amy Myers Jaffe

Venezuelan Oil Barrel via Shutterstock

Political instability is virtually guaranteed for Venezuela, should confirmation emerge of Chávez’ death or definitive public disclosure of permanent incapacitation. Elections will have to be called within 30 days of the declaration that President Chávez cannot assume office in his new term. Chavez’ passing is not necessarily good news for the future success for opposition parties, but it might just be good for positive change in the oil sector.[read more]

More Long-Term Pressure on Oil Prices

January 18, 2012 by Geoffrey Styles

A pair of items in today's Financial Times could signal a longer run of high oil prices, even if Europe were to slip into recession and economic growth elsewhere slow. Geoffrey Styles explains how the combination of Saudi Arabia's increase of its target oil price and Venezuela's volatile leader will affect long run oil prices.[read more]

The Brazil Spill

December 16, 2011 by Geoffrey Styles

Late yesterday I saw a headline reporting that Chevron was being assessed more than $10 billion for a spill from its drilling activities offshore Brazil last month. The story was later revised to clarify that the amount in question was associated with a civil lawsuit being filed by a Brazilian prosecutor, rather than an actual fine by...[read more]

Quenching our thirst for oil - Growing global oil demand harms U.S. security and economy

April 24, 2010 by Joseph Romm

Global oil demand—led by the United States and followed by China, Japan, and India—will dramatically increase over the next two decades. China has made oil deals around the world over the past few years that can deliver a supply of more than 7.8 billion barrels of oil to the country over the next several years. The United States must...[read more]

Stretching the meaning of “price gouging” in Venezuela and Alaska

January 19, 2010 by Michael Giberson

What does “price gouging” mean?  Commonly it is taken to refer to merchants raising prices substantially on necessities during emergencies.  Each of the three elements – substantial price increase, necessary items, emergency periods – is part of a proto-typical case of price gouging. However, the term is frequently also used...[read more]

Events in Venezuela

January 15, 2010 by Robert Rapier

I have seen a number of interesting stories on Venezuela this week. First was: The Chávez Spiral With petroleum prices down around $71 a barrel from a high of $147 the Venezuelan government is struggling to make up for the revenue shortfall to save programs that placate the poor by providing cheap food, fuel and other government...[read more]

A Story of Power in Venezuela

January 12, 2010 by Margaret Harding

Originally posted May 2009, given today’s news about Venezuela’s electricity woes, it seems appropriate to repost. I predict sales of diesel generators to do up exponentially across Venezuela on the heels of this news. This is not just a parable, but a true story, not something made up by me to provoke discussion. I personally know the...[read more]

Energy water nexus in action

January 10, 2010 by Lou Grinzo

Probably the hardest single category of concepts to communicate in energy and enviro issues involve the interconnected nature of the Earth System. The primary example of this is the energy water nexus, something I’ve written about numerous times, because I’m convinced it’s a gigantic problem and is also still poorly understood by many,...[read more]