Blog Archives

“Shale jubilation fades as oil price falls undercut model”: FT.

FT: ‘The revolution devours its children.’ That observation, made by French journalist Jacques Mallet du Pan in 1793, has become a commonplace of political upheavals, but it is often true of revolutions in business, too. Companies that create a new market or disrupt an existing one do not always… Read-more
Posted in Gas, Oil Tagged with: , , , ,

UK oil and gas industry pleads for Treasury help with low oil price.

FT: “Oil companies want George Osborne to make good his promise of tax reforms to encourage more investment in the North Sea or risk a collapse of the sector.”… Read-more
Posted in Oil Tagged with: , ,

BGS admits ignorance of UK fracking impact absent monitoring.

Observer: “Hundreds of government-funded boreholes are set to be drilled across Britain to try to persuade the public that a looming shale gas boom can be developed safely, the Observer has learned.”… Read-more
Posted in Gas, Oil Tagged with: , , ,

Shale narrative fizzles in China as clean energy and imports lead the way.

Bloomberg: “China has sharply cut its output target for shale, signaling the country’s drilling boom is fizzling out before it even gets going.”… Read-more
Posted in Gas, Oil Tagged with: , , ,

“US oil producers can’t kick drilling habit.”

John Dizard for the FT: “You would think, what with the recent oil price crash, the people who finance US oil and gas producers would have learnt their lesson. But not yet.”… Read-more
Posted in Gas, Oil Tagged with: , , , ,

Keystone XL proposal fails in current US Senate by one vote.

BBC: “The US Senate has narrowly failed to pass a bill approving the controversial Keystone XL oil pipeline. The Senate voted by 59-41 in favour of the bill, but this was one vote short of the 60 needed to pass it.”… Read-more
Posted in Climate, Oil Tagged with: , ,

“Oil industry risks trillions of ‘stranded assets’ on US-China climate deal.”

Telegraph: “Brazil’s Petrobras is the most indebted company in the world, a perfect barometer of the crisis enveloping the global oil and fossil nexus on multiple fronts at once.”… Read-more
Posted in Climate, Gas, Oil Tagged with: , , ,

Why belief in looming US oil “independence” is based on myth.

Daniel Davis, Cavid Hughes, & Mark Lewis for the Huffington Post: “Media reports regarding the American crude oil industry have been uniformly positive in the past few months. Oil prices have dropped to their lowest level since 2010 and along with it prices at the pump.”… Read-more
Posted in Climate, Gas, Oil Tagged with: , , , , , ,

Top American PR urges oil client to target opponents personal lives.

NYT: “The advice from a top American public relations firm was simple: A Canadian pipeline company should take aim at its opposition.”… Read-more
Posted in Oil Tagged with: , ,

“Oil price slump to trigger new US debt default crisis as Opec waits.”

Telegraph: “Remember the global financial crisis, triggered six years ago when billions of dollars of dodgy loans – doled out by banks to subprime borrowers and then resold numerous times on international debt markets – began to unravel and default?”… Read-more
Posted in Finance, Gas, Oil Tagged with: , , , , ,

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