Oil demand continues to grow at a rapid pace, but there are some big surprises in the demand changes among individual countries.
Asia’s Insatiable Oil Demand
The U.S. Spends Billions Annually On Russian Oil
Last week President Trump criticized Germany reliance on Russian natural gas. I compare this to the U.S. reliance on oil from Russia and from OPEC.
Ethanol Industry Celebrates Scott Pruitt’s Resignation
EPA administrator Scott Pruitt resigned last week. Nobody is happier to see him go than ethanol supporters.
China Emits More Carbon Dioxide Than The U.S. and EU Combined
The U.S. was historically the world’s largest carbon dioxide emitter, but China now emits more than the U.S. and EU combined.
Global Carbon Dioxide Emissions Set New Record
Why Oil Prices Are Surging
Here’s why oil prices surged this week to the highest levels since the price crash of 2014.
Blame Oil For Our Trade Deficit With Canada
To the extent that the U.S. has a trade deficit with Canada, you can blame crude oil imports. But this situation is probably better than the alternative.
World Sets New Records In Use Of Solar, Wind – And Oil
The new BP Statistical Review shows that a lot of energy production and consumption records were broken in 2017. Subsequently, the world also emitted a record amount of carbon dioxide.
Venezuela’s Oil Exports Are Headed Toward Zero
GlobalData recently projected that Venezuela’s crude oil production would drop to one million barrels per day by the end of the year. At this rate of decline, the country may have no more oil for export by early 2019.
Why Did China Tap The Brakes On Its Solar Program?
China just slashed subsidies to its solar industry. Was this decision a concession in a potential trade war with the U.S.?