Thiago

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Oil could crash to $10 a barrel

Not everyone thinks so. Over at Bloomberg View, A. Gary Shilling is making a headline-grabbing prediction: that oil will not only fall from today's levels, but will fall to between $10 and $20 per barrel.<p>Many in the energy world would roll their eyes at such a prediction, and it could be way off …

Oil

Lithium-Air Battery Breakthrough May Mean Game Over For Gasoline

The lithium-air battery is the holy grail of energy storage only better.<p>Now, thanks to a breakthrough made by scientists at Cambridge University, it may also be a lot closer to commercial reality than previously believed.<p>First things first. What is a lithium air battery?<p>A battery has three basic …

Clean Energy

Putin has started a new clash with the West, this time over the flow of oil through Georgia

Moscow has escalated its brinksmanship with the West, reopening a monumental 1990s clash over an oil pipeline that it fought and lost with the United States.<p>The new front is Georgia, a Russian neighbor that’s been a theater of US-Russian struggle since the mid-1990s.<p>Back then, Washington promoted …

Russia

The Iran deal could push crude oil prices down to $35 per barrel

The participants at the talks were all smiles after the accord was reached on July 14, and the deal amounts to a thaw in relations between the United States and Iran for the first time since the Iranian Revolution in 1979.<p>The deal was not welcomed by everybody. Gulf Arab states, which practice …

South Asia

This jaw-dropping chart shows why Saudi Arabia makes so much on oil

A lot of reasons have been given as to why Saudi Arabia is allowing the oil price to not only fall but remain weak. Some suggest it's because it's seeking to harm emerging rivals like the U.S. and Russia. Others have suggested that the move is because it wants to keep its regional rival Iran at …

Saudi Arabia

Oil prices fall on strong shale supply

Oil prices fell on Friday, in response to concerns over resilient U.S. crude production.<p>The number of U.S. oil-drilling rigs rose by 12 to 640 in the …

Oil & Gas Industry

Alberta’s oil sands take a hit as scientists, academics call for halt to development

Alberta's oil sands producers have suffered another hit to their reputation, as a group of prominent scientists and academics called for a moratorium on further development due to environmental concerns.<p>Decisions on oil sands development "add up to a social and environmental legacy that will last …

Opec market report: Five graphs signalling higher oil prices

The Organisation of the Petroleum Exporting Countries (Opec) expects demand for oil to rise. Here are five graphs which show why prices are set to increase<p>Opec agreed to leave its production ceiling unchanged last week. Yet the group of 12 major producers expects oil demand to pick up this year, …

Russian Energy Giant Sees Oil Prices Flat For As Long As Seven Years

Oil prices aren’t going to crack $80 a barrel for the next three to seven years, says Lukoil CEO Vagit Alekperov.<p>“Oil prices in the coming years are unlikely to exceed $75 to $80 for three to seven years,” Alekperov told Rossiya-24 news on Thursday after market hours. Lukoil is one of Russia’s …

Oil & Gas Industry

Why economists were totally wrong about cheap oil

It hasn't worked out that way.<p>The economy is thought to have shrunk in the January-March quarter and may barely grow for the first half of 2015 — thanks in part to sharp cuts in energy drilling. And despite their savings at the gas pump, consumers have slowed rather than increased their spending.<p>At …

Oil

OPEC is struggling to keep up the pace in the oil-price war

CA recently noted that global demand outstripped supply by some 4 million barrels in April.<p>This comes in addition to the mounting evidence that the oil market, via rig-count declines, slowing production growth, higher demand, and huge API crude inventory declines, is starting to readjust.<p>Be that as …

North Dakota

Why Higher Gas Taxes Would Have Been Best Way To Save Fuel

It's now a widely-accepted tenet of today's U.S. political landscape: You just can't come out and advocate for higher taxes.<p>For any purpose, under …

Electric Vehicles

The oil industry faces a big problem, and it's not related to what lies below the ground

There is a retirement tidal wave that could wash over the oil and gas industry over the next few years. The seeds of this crisis were planted in the late 1980's after the last major oil bust. Oil prices crashed after Saudi Arabia became fed up with losing market share, and beginning around 1986, it …

Oil
Oil & Gas Industry

IKEA bullish on future plans in Canada

IKEA Canada president Stefan Sjostrand has ambitious plans for this country.<p>Mr. Sjostrand said on Thursday IKEA will double its current store count of 12 mega-outlets and double its annual sales of almost $1.8-billion in a decade.<p>His bullish plans come as other retailers, such as electronics …

Tesla Battery Economics: On the Path to Disruption

<b>Update:</b> The Tesla battery is better than I thought for homes. And at utility scale, it’s deeply disruptive.Elon Musk announced Tesla’s home / …

Solar Power

Tesla's Powerwall Leads the Charge for Self-Powered Homes

May.01.2015 / 7:56 PM ET<p>People have been trying to live off the grid for as long as there had been a grid to leave behind. The latest advance from the electric masterminds at Tesla — a cheap, safe battery called the Powerwall that stores cheap energy for use later — may be just the thing to nudge …

Clean Energy

The Information Age Is Over. Welcome to the Infrastructure Age.

Nobody wants to say it outright, but the Apple Watch sucks. So do most smartwatches. Every time I use my beautiful Moto 360, its lack of …

As Coal Jobs Go Up In Flames, New Energy Positions Will Emerge From Ashes

Coal-related jobs are going up in flames, but new ones will emerge from the ashes. That’s the conclusion of a new economic study that examines the Obama administration’s energy policy and its potential impact on the broader economy.<p>Appalachia’s coal counties are smoldering for a multitude of …

U.S. Chamber of Commerce

Petrobras corruption costs hit $2bn

<b>Brazil's state-run oil company, Petrobras has taken a $2bn (£1.3bn) charge for costs related to corruption.</b><p>The company has published accounts for last year showing an overall loss of $7.2bn.<p>The company's results also included an impairment charge of $14.8bn reflecting the decreased value of its …

Oil & Gas Industry

Shell, With $70B Deal For BG Group, Becomes World LNG Giant

So this is how the consolidation starts. Royal Dutch Shell is making a smart move in its $70 billion acquisition of BG Group. The deal will gain Shell access to the most exciting deepwater oil projects in the world, in Brazil. While adding in BG Group’s fast-growing liquefied natural gas business …

Oil & Gas Industry

Three Reasons Why John Kerry's Iran Deal Will Not Sink Oil Prices

Oil prices swooned on Thursday as John Kerry claimed a major breakthrough in talks with Iran. They later recovered a bit but markets remained unsettled.<p>Will the deal sink oil prices? Probably not. Even if the Obama administration succeeds in getting a workable deal through Congress (a significant …

John Kerry

Decline of US Shale Plays Not Clear Cut as Oil Price Stays Low

Ever since the oil price decline began in earnest back in July 2014, popular discourse has suggested US shale plays would be in deep trouble. Despite protestations to the contrary, other global producers are often accused of trying to stifle the American shale bonanza, and in some cases with good …

Oil & Gas Industry

Crude oil prices heading to $35 by June: FGE

Global crude oil prices could trade between $35 to $40 a barrel by the end of the second-quarter of 2015, according to one of the world's leading oil …

Oil

Oil Prices Fall Amid Record Inventories

Oil prices fell Thursday on expectations that record-high crude inventories would continue to grow.<p>Light, sweet crude for April delivery settled down 70 cents, or 1.6%, to $43.96 a barrel on the New York Mercantile Exchange.<p>Brent, the global benchmark, fell $1.48, or 2.6%, to $54.43 a barrel on ICE …

Oil

Everything you want to know about falling oil prices

<b>Why is the oil price falling?</b> <br>Mostly because of increased supply from America—up by 4m barrels a day since 2009. Although most crude exports are …

As fight over Keystone XL drags on, oil industry vastly expands its pipeline network

America is in a crude oil pipeline boom, with about 3.3 million barrels per day of capacity coming online since 2012.<p>New pipelines are being built from western North Dakota, through the Midwest and across Texas. The expansion is a counterpoint to the federal stalemate over the Keystone XL pipeline, …

Oil

Welcome To Cowboyistan: Fracking King Harold Hamm's Plan For U.S. Domination Of Global Oil

<i>Fracking pioneer Harold Hamm has lost $7 billion since the oil market imploded. But where others see disaster, he sees a vast economic opportunity—for himself, and for America.</i><p>For someone who has lost nearly half his fortune in six months, Harold Hamm is pretty chipper when we meet up for dinner on …

Oil & Gas Industry