A new report shows that after declining in 2015 and 2016, the oil industry increased capital spending in 2017. Oil reserves rebounded as well.
How The Fracking Boom Postponed OPEC’s World Domination
A decade ago it appeared that OPEC was in the driver’s seat of the global oil markets. Then the fracking revolution happened, and changed everything.
Asia’s Insatiable Oil Demand
Oil demand continues to grow at a rapid pace, but there are some big surprises in the demand changes among individual countries.
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.