Oil in 2015: Who will blink first: the sovereigns or U.S. drillers?
The recent fall in oil price is all to do with excess supply. How drastic the fall has been is largely down to the widely held view that OPEC and particularly Saudi Arabia would take the necessary ste
Does changing U.S. energy mix show global trend?
The latest data for annual new U.S. electricity generating capacity in 2014 shows a new energy mix emerging: dramatically shrinking coal; steady demand for new gas-fired power plants; fitful wind acco
Electric vehicles will have huge ramifications for oil prices
A little over a hundred years ago, at the start of the 20 century, electric vehicles (EVs) actually outsold combustion engined cars. They had many advantages. They were quieter. They did not smell. Th
U.S. shale gas and oil revolution gives Europe a unique chance
The success of the U.S. economy in the 20th century was largely built on huge domestic reserves of oil, coal and gas, and for the majority of that century the U.S. was the world’s largest producer o
Recent oil price falls are not good for everyone…
Only time will tell whether the recent collapse in the oil price has been caused by a concerted effort by the United States and Saudi Arabia to put pressure on Russia and possibly Iran. Whether it is
Oil prices falls are all about technology change
In recent years the consensus view has been that the days of volatile oil prices are behind us and that we have entered a new era of oil price stability. There were lots of reasons given most of which