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A Lesson in Oil Pricing

The recent oil-price collapse confirms what we should have learned in 2007-8 about the influence of the last increments of supply and demand on price.This also means that future oil prices should be largely independent of the size of the oil market...

Posted February 23, 2015    

What Will Fuel Today's Advanced Vehicles?

Last month I attended the annual "policy day" at the Washington Auto Show, which typically emphasizes green cars and related technology. This year it included several high-profile awards and announcements, along with a keynote address by US...

Posted February 12, 2015    

How Much Will Low Oil Prices Stimulate Demand?

Since weak oil demand growth is a major ingredient in the current oil price crash, higher demand stimulated by low prices could be a moderating factor.While US demand has risen since prices fell, there are several reasons why the global response may...

Posted February 2, 2015    

Was 2014 Really the Warmest Year?

The media is widely reporting 2014 as the warmest year on record, yet the underlying data don't support that conclusion. The data actually lead to a different finding, of 2014 tied with 2010 and 2005 within the margin of error, reflecting ...

Posted January 22, 2015    

How the Oil Price Slump Helps Renewable Energy

Intuition suggests that the current sharp correction in oil prices must be bad for the deployment of renewable and other alternative energy technologies. As the Wall Street Journal's Heard on the Street column noted Wednesday, EV makers like Tesla...

Posted January 19, 2015    

2014 in Review: Shale Energy's First Price Cycle

2014 was an extraordinary year in energy, vividly illustrating both sides of the Chinese proverb about interesting times. Oil market volatility was the big story for much of the year, with the dominance of geopolitical risks finally yielding to...

Posted January 7, 2015    

Is OPEC Washed Up?

OPEC's unwillingness or inability to reduce output to defend high oil prices raises doubts about the cartel's effectiveness and future.Absent cuts by OPEC, it is not yet clear whether the burden of rebalancing oil markets will fall on...

Posted December 29, 2014    

The IEA's Stressful Outlook

The latest long-term forecast from the International Energy Agency suggests that the benefits of today's low oil prices might be temporary, with more volatility ahead.The report focuses on a number of risks, including the adequacy of...

Posted December 8, 2014    

Energy and the New Congress: Beyond Keystone

The Keystone XL pipeline is likely to get another opportunity for approval once the new Congress is sworn in next January. However, it will not be the most important part of a new Congressional energy agenda, and it might not even be the most...

Posted December 1, 2014    

Keystone XL Loses Another Round

The image that will stick with me from the recent failed attempt by Senator Mary Landrieu of Louisiana to avoid a filibuster on her bill to approve the Keystone XL pipeline is that of her Senate colleague, Barbara Boxer (D-CA) standing next to a...

Posted November 24, 2014    

How Good Is The New Emissions Deal with China?

President Obama's emissions deal with China sets an ambitious target for US CO2 cuts while leaving substantial headroom for emissions growth in China. It will likely compound his problems, domestically, but could have significant influence...

Posted November 17, 2014    

Will Falling Prices Shift Oil Industry's Focus to Cost Reduction?

Lower oil prices may have less impact on US oil production from shale than competitors in Saudi Arabia and elsewhere appear to assume. The cost of  producing tight oil is not static, and US producers have various options for cost reduction,...

Posted November 10, 2014