Current energy trends could threaten the Western way of life by 2040 when oil prices could reach as high as $500 a barrel, according to a recent report from the United Kingdom's Ministry of Defence. The continued rise of China and South Asian economies will increase the cost and reduce the availability of energy supplies.
The debate over shipping oil via pipelines versus rail hinges on access, price and reliability, Graeber writes. For now, it seems trains are winning the race, but what happens long-term with more pipeline access remains to be seen.
China is developing its oil infrastructure in Myanmar as the country develops as a viable investment opportunity, Graeber writes. But transparency issues and religious strife make Myanmar a difficult place to look for sources of energy.
Exxon Mobil invested $100 million on algae biofuels only to find that it couldn’t achieve commercial viability, Alic writes. The company had hoped to exploit algae as a source of oil that could be converted in existing refineries into transportation fuels on a commercially viable scale.
Oil pipelines like Keystone XL and Northern Gateway could help Canada's economic cause in the long term, Graeber writes, but opposition to those projects, and growing interest in renewables, leaves the Canadian economy vulnerable.
Last week, the US House Foreign Affairs Committee passed a resolution that would tighten economic sanctions on Iran even further by focusing on oil exports. With sanctions tightening on Iran, it's unlikely that any in the pool of candidates for president of Iran have a chance to turn things around, Graeber writes.
Mark Thoma, a macroeconomist and time-series econometrician at the University of Oregon, discusses the future of gas prices and clean energy in an interview with OilPrice.com.
Ernest Moniz was officially sworn in as secretary of the Department of Energy Tuesday and called for a further review of the proposals before making any final decisions on liquefied natural gas exports. This has somewhat dampened the momentum following the Department of Energy’s (DOE) decision last Friday to conditionally approve a Texas liquefied natural gas export project, Alic writes.
Despite substantial gains in US oil and natural gas production, there are restrictions in place on how much of those reserves can reach foreign markets, Graeber writes. Some suggest the liquefied natural gas race is going to be a race against time.
Talking points over pipelines are focused on economic and energy security interests on one side of the argument versus emissions and cleanup on the other. Given the legacy of pipeline spills since the Keystone XL debate began more than four years ago, the "real" issue may be the lack of debate over just why so many of these pipelines have burst open in the first place.
Federal regulations on fracking barely apply because the states involved already have a say in the way drilling proceeds, Graeber writes. Perhaps, he adds, it's the energy industry that has a right to question why the government 'is moving forward with these requirements in the first place.'
Canada has increased their expenditure on advertising for tar sands and the Keystone XL pipeline from $9 million in 2012, to $16.5 million in 2013, Peixe writes. The advertising campaign is targeted at Obama administration officials, hoping to sway their opinion on Keystone XL.
Oil production is surging in the US, sending supply shockwaves through world markets. The US could become the world leader in more ways than one, Graeber writes, but only if it opens its oil spigot.
A car that goes 3,587 miles on a single gallon of gasoline is the winner of a global competition to develop the most fuel-efficient vehicle prototype. Using a mix of ingenuity, imagination, and skill, high schools and universities from around the world compete to discover who can go the farthest on a single gallon of gas.
Nigeria relies almost exclusively on its energy sector for export earnings and 75 percent of federal government revenue, Graeber writes, but a long record of corruption, militancy and banditry has clouded Nigeria's oil prospects.
Coal companies in the US have been unable to compete with natural gas at home, Alic writes, but overseas this coal market is getting hotter by the minute.
A simple solar charger is designed to attach, via a suction pad, to any window that receives sunlight, and immediately begin producing electricity. Despite the lack of energy storage and low current, Burgess writes, the solar charger is impressive.
New and increased oil production in Northern Iraq and Africa has come as good news to Genel Energy. The latest feather in its cap is the securing of a rig contract for offshore drilling in its Africa portfolio.
The Iraqi central government and authorities of the semi-autonomous Kurdistan Regional Government put together a seven-point deal last week that could see the Kurds resume oil exports to Iraq in return for a revision of the Iraqi 2013 budget, Alic writes.
In a lackluster economy, there hasn't been much from OPEC members to suggest there was any sort of revival, Graeber writes. But with seven of the 12 members of the cartel experiencing at least some form of upheaval, the cost of doing business suggests members may need more than a little bit of luck to return to glory.