Shell Goes Full BP

Guest “Who gives a flip about what Europe does?” by David Middleton SEPTEMBER 21, 2020 12:47 AM UPDATED 3 DAYS AGOExclusive: Shell launches major cost-cutting drive to prepare for energy transitionBy Ron Bousso 5 MIN READ LONDON (Reuters) – Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil…

Saudi-Soviet Assault on US Energy Security: Trump Wins!

Guest “hopefully not a premature victory lap” by David Middleton I totally missed this news item last Thursday: Oil surges 24% for best day on record after Trump tells CNBC Saudis, Russia reach agreementPUBLISHED THU, APR 2 20207:47 AM EDT UPDATED THU, APR 2 20202:56 PM EDT Fred ImbertPippa Stevens Oil prices skyrocketed on Thursday…

OPEC's Existential Sucker Punch

Date: 30/07/17 Bloomberg You wait decades for an existential crisis, then two come along at once. At least that’s how it must feel for OPEC’s beleaguered ministers. In the short term the market for their oil is being eroded by rising production outside their control. Looking further ahead, oil demand itself is under threat from…

With OPEC Weakening, World Energy Now Pits Russia Versus U.S.

From Forbes Kenneth Rapoza , Contributor I cover business and investing in emerging markets. Opinions expressed by Forbes Contributors are their own. OPEC is no longer in control of oil prices. Russia is. And Russia no longer is the dominant force of natural gas. The United States is. The battle for markets of cleaner and…

Peak Oil – the R/P Ratio re-visited

Guest post by Mike Jonas On Dec 13, Willis Eschenbach posted a convincing (and eloquent as always) argument “The R/P Ratio” against Peak Oil being imminent. I would like to present a different view. In fact I draw the opposite inference from the same statistic. From the BP data [1], Willis argued that the “R/P…