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OPEC+ Cuts Fail Fail To Boost Middle East Oil Prices May 27, 2023
The OPEC+ voluntary production cuts, on paper promising curtailments amounting to 1.66 million b/d, should have been the main story for May. Regrettably for many in the Middle East, just as participating countries were preparing to curb output, the overall market sentiment worsened greatly. First it was refinery margins that forewarned of difficulties ahead, then […]
Fracking Ban Could Cause Gas Shortage In Colombia May 27, 2023
Colombia’s first-ever leftist president emerged victorious from the July 2022 election run-off after running a broad reform-based campaign with a focus on transitioning the Andean country away from a reliance on fossil fuels. This includes plans to ban hydraulic fracturing and end awarding new contracts for oil and natural gas exploration. That sparked considerable concern because Colombia […]
Explosive Evidence Suggests Energy Companies Helped Finance Colombia’s Civil War May 27, 2023
Colombia has been locked in a vicious multiparty civil war for control of the country’s vast natural wealth, including fertile agricultural land, fossil fuels, and gold, for over six decades. It is the strife-torn country’s substantial oil and coal resources that have been at the center of that bloody struggle after a series of major discoveries during the […]
Mammoths, Sloths, And Camels Are Hurting The U.S. Renewable Revolution May 27, 2023
The United States has a power line problem. In order to meet its climate goals by 2050, the country will have to expand its existing power transmission infrastructure at an unprecedented scale and pace. But a litany of challenges from a Kafkaesque regulatory process that causes interstate power line projects to fall behind by full […]