Energy

  • Clearly, other factors resulted in a drop in oil exports without the export ban.

    Oddly, U.S. Oil Exports Dropped after Lifting the Export Ban

    Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.

    According to Clipper Data market intelligence cited by the Financial Times, we've seen a 5 percent decline in U.S. crude oil export volumes since the beginning of this year. The data suggests that on average we are exporting (waterborne) 325,000 barrels per day now, compared to 342,000 barrels per day during the first months of 2015.

    view 0

  • Oil has rallied 50%, but there are bearish signs ahead.

    Is the Oil Rally Over?

    Oil prices have climbed by about 50 percent from their February lows, topping $40 per barrel. However, the rally could be reaching its limits, at least temporarily, as persistent oversupply and the prospect of new shale production caps any potential price increase.

    view 0

  • There is too much oil inventory for production cuts to matter.

    Oil's Inventory Problem

    Oil prices have shown signs of life over the past few weeks, as production declines in the U.S. raise expectations that the market is starting to adjust. As a result, Brent crude recently surpassed $40 per barrel for the first time in months.

    view 0

  • Iran would like to return to its pre-sanction oil output before capping.

    The Price of Oil is Falling Again Because...Iran?

    The price of oil is seeing its biggest decline today since February 23.  The ostensible reason is that Iran once again reiterated it would only consider capping its output after it reached four million barrels a day, its pre-sanction output.

    view 0

  • The next U.S. President will have an energy policy, but it won't matter much.

    The Next U.S. President Won't Likely Dictate Energy Technology

    There have been dramatic changes in the U.S. energy system under our current president – a big drop in the use of coal, a boom in domestic oil and gas development from fracking, and the rapid spread of renewable energy.

    However, in terms of influencing energy technology deployment, the next president will have a lot less influence than you might expect.

    view 0

  • Japan's current nuclear policy is a mess.

    Meeting Japan's Ambitious Nuclear Power Goals

    Five years after the 11 March 2011 Fukushima accident, which put Japan’s nuclear power industry under intense scrutiny, official policy is still a shambles. In June 2011, the then prime minister Naoto Kan announced that Japan was phasing out nuclear power in the long run only to backtrack a few days later. Current Prime Minster Shinzo Abe announced a restart of all reactors within three years in his 2013 New Year’s Address.

    view 0

  • Financial intermediaries are benefiting from the oil price plunges.

    Who Benefits from the Energy Sector Mess?

    The US-led petrodollar era is being surpassed by a multipolar oil age in the Middle East. The transition is permeated by fundamental change and financial speculation that is penalizing the roles of the US and China in the region.           

    view 0

  • Is oil's future only booms and busts?

    Can Oil Prices Find a Happy Medium?

    What if I told you that there was a period in history where oil demand declined by 5 million barrels per day and non-OPEC supply increased by 5 million barrels per day, yet oil price rallied more than 50 percent? Would you believe me? If your answer is yes, then you guessed right. This was the period from 1979 to 1985.

    view 0

  • The scramble for Lithium has the element's price skyrocketing.

    Lithium as the 'New Gasoline'

    With lithium prices skyrocketing beyond wildest expectations, talk heating up about acquisitions and mergers in this space and a fast-brewing war among electric car rivals, it's no wonder everyone's bullish on this golden commodity that promises to become the "new gasoline".

    Moreover, land grabs, rising price predictions, and expectations of a major demand spike are leaping out of the shadows of a pending energy revolution and a new technology-driven resource era.

    view 0

  • The oil fight is taking on cold war tactics.

    Oil's Cold War

    This is a financial cold war—nothing more, nothing less.

    While there are billions of reasons to cut output, and every major producing country is reeling from the loss of revenues, some are weathering the current bust better than others are, but the devil is in the details, and the details contain tons of variables.

    Production cost and breakeven figures that analysts enjoy bandying can trap you in bubble of black-and-white mathematics that is a few brush-strokes shy of a full picture.

    view 0