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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Emerging economies accounted for all of the net growth, with OECD demand falling for the third time in the last four years, led by a sharp decline in Japan. in the emerging economies. Output grew rapidly in Qatar (+25.8%), Russia (+3.1%) and Turkmenistan (+40.6%), more than offsetting declines in Libya (-75.6%) and the UK (-20.8%).

Coal 261
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US DOE, IEA member countries releasing a total of 60 million barrels of oil from reserves

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US Energy Secretary Steven Chu announced today that the US and its partners in the International Energy Agency will release a total of 60 million barrels of oil onto the world market over the next 30 days to offset the disruption in the oil supply caused by unrest in the Middle East.

Oil 186
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Opinion: How Much Longer Can OPEC Hold Out?

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OPEC (Organization of the Petroleum Exporting Countries) has been the most talked about international organization among investors, analysts and international political lobbies in the last few months. As per its state run oil company PDVSA, the country loses about $700 million a year with every $1 drop in the international oil price.

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RAND reports suggest US DoD use less petroleum fuel to deal with high prices, not count on alternatives

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Notable examples of nations where security shortfalls are significantly impeding investment and production are Nigeria; Iraq; Sudan; and, most recently, Libya. Weiss highlighted oil tanker traffic through the Bosporus Strait—a major international chokepoint—as another vulnerable area. Bartis, James T. Weiss, Andrew S.,

Oil-Sands 225
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Opinion: Is Russia Plotting To Bring Down OPEC?

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Energy is the foundation of Russia, its economy, its government, and its political system. They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. The emergence of the U.S., This has transformed the U.S.

Russia 150
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Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

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million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 As we have pointed out, RBC Capital’s fragile five , Algeria, Libya, Nigeria, Iraq and Venezuela, the pain is intense. Moreover, Saudi policy, combined with the impact of U.S. million barrels/day in 2014 to 7.55

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EV myths busted: Are electric vehicles actually good for the environment?

Drive Electric

To answer these questions, we collaborated with Envirostrat to investigate some of the most common questions and concerns about the environmental impact that increased EV uptake will have on NZ, and in particular, how they really compare to ICEVs (internal combustion engine vehicles). Here’s what we discovered. WHAT EV MYTHS HAVE WE COVERED?