China Desperate to Catch Up to US Shale
Either they will unlock these reserves, or our companies will unlock the reserves for them, regardless this will destroy not only the price of natural gas, but of oil as well. This would send a tectonic shock through the energy world.
Oil recovery faces new downstream threat - FT.com
I have been forecasting lower oil prices, and I continue to do so. With the strengthening of the dollar, the price should be somewhere between $30 and $35 bbl. We have a glut in oil, and in gasoline. Worse yet for the oil bulls, we are in mid summer, and gas/oil prices should be strengthening. They are not. Expect the price to suffer once the driving season ends. The world economy is not going to move powerfully towards using more oil. China has been buying up lots of oil, but it is using far less, and that can only mean storage issues.
The long term price of oil should be lower. And with US tight oil becoming ever less costly to produce, it will be difficult to force the price upwards.
Shale Keeps Getting Leaner and Meaner
This is America's best foreign policy strategy, bankrupt the autocratic oil producers. Best not to bet against the Americans.
U.S. Gasoline Demand Is Likely to Slide
Then we could see electric vehicles shine, otherwise probably not.
BP 2016: Global Energy Production at a Glance
. . . now if we were subsidizing them in the trillions they might be all the way up to 10% of the global energy mix!
Oh, and there is the whole problem that they don't actually reduce carbon. So, huge subsidies, failure to achieve the desired results, tiny footprint. What's not to love?
Utilizing wind, and solar electrical energy generation, causes an increase in carbon emissions . . .
Hearing renewable energy is useless . . .
Fracking is the green energy alternative, while wind, and solar are not.
We have reached peak alternative power in a system which needs dispatchable power generation systems
On the other hand, moving the world to natural gas would result in a huge decrease in carbon output, without subsidies. Religion, or reality, you will need to make a choice.
Hat tip: We Don't Need No ... - Small Dead Animals
Former Amb. McFaul: U.S.-Russia Relations at Lowest Point Since Cold War
Russia is in economic trouble, oil prices are slowly starving the Russian economy, and there are too few actual businesses to support the nation economically.
More after the break.
IEA: Oil market will not find sustained balance until 2017 - FT.com
The IEA expects oil demand to continue to be strong. Perhaps. I am not sure, a large part of this demand is China's "Teapot' refiners, and they are buying and selling product cheap into the Asian market. I don't know if this is real demand or if this is just taking other refiners sales, if so, it should cause a general decline in demand in the Asian markets roughly equal to the Teapots demand. Only time will tell. If it is false demand, the price of oil will need to fall.
Short-Term Energy Outlook - U.S. Energy Information Administration (EIA)
Expect good gasoline, and indeed, all fuel prices for the next few years.