No energy topic elicits as much interest as gas prices. The three most popular articles I have ever written — one with more than a million views — were about gas prices. Most search phrases […]
U.S. Oil Production Develops Massive Lead Over Russia And Saudi Arabia
In June, the Energy Institute released the 2024 Statistical Review of World Energy. The Review provides a comprehensive picture of supply and demand for major energy sources on a country-level basis. Each year, I do a series of […]
U.S. Energy Independence Soars to New High
The idea of U.S. energy independence remains a hot topic, even making an appearance at the recent presidential debate. Everyone seems to have an opinion on it, even though many people have trouble defining what […]
Asia’s Carbon Emissions Are Negating The Green Transition
Global CO₂ equivalent emissions grew by 2.1% in 2023, crossing 40 billion metric tons for the first time. This category of emissions is the sum of carbon dioxide emissions from energy, carbon dioxide emissions from […]
2024 Statistical Review Of World Energy Highlights
Last year, after 70 years of publishing the Statistical Review of World Energy, BP handing over publication to the Energy Institute (EI). The full report and all data can be found at this link. The […]
U.S. Oil Production at Record Highs Amid Flat Growth
I have noted in recent articles that U.S. oil production is presently at about the same level it was 10 months ago. In August 2023, the U.S. produced 13.0 million BPD of crude oil. That […]
A Staggering Excess Of Oil By 2030 is Unlikely
The International Energy Agency (IEA) recently released its Oil 2024 report, which examines the global dynamics for oil supply security, refining, trade, and investment. The report received considerable media attention because of the projection that […]
OPEC is Trying to Outlast The Shale Boom
Since 2008, the shale boom has grown U.S. oil production by about 9 million barrels per day. In the early days of the shale boom, when it wasn’t clear whether this development would have a […]
OPEC+ Extends Production Cuts Into 2025
The OPEC+ alliance, which includes Saudi Arabia and Russia, two of the world’s Top 3 oil producing countries, met in Riyadh, Saudi Arabia at the 37th OPEC and non-OPEC Ministerial Meeting. The group reaffirmed their […]
ConocoPhillips Bolsters U.S. Shale Assets With Acquisition Of Marathon Oil
ConocoPhillips announced plans to acquire Marathon Oil Corporation through an all-stock transaction valued at $22.5 billion, including $5.4 billion in net debt. Marathon Oil shareholders will receive 0.2550 shares of ConocoPhillips common stock for each […]