Why the world needs to invest in fossil fuels

The CEO of Saudi Aramco was clear in his recent speech when he outlined the main causes of the current energy crisis. He noted the lack of investment in oil and gas, the scarcity of alternative energy sources, and the complete lack of any plan B. Looking ahead, it seems unlikely that these problems will … Read more

The withdrawal in natural gas created an opportunity

US natural gas prices hit a New low for six weeks, to close at $7.75/MMBtu on Monday with the Wall Street Journal saying the market lost momentum as U.S. production topped 100 billion cubic feet/day for the first time ever. The odds are now that ample US production will be enough to meet domestic demand … Read more

Saudi Aramco shares some hard facts about our energy future

Policymakers have to look beyond this winter and stop discrediting the oil and gas industry if they are to prevent the next energy crisis, according to the chief executive of the world’s largest oil company and largest exporter of crude oil, Saudi Aramco. Amin Nasser criticized the short-term emergency responses to the energy crisis in … Read more

There is a looming shortage of natural gas for the United States

Last week, the media rushed Report That US natural gas prices fell sharply after labor unions and rail companies reached an initial deal that averted a potentially devastating strike. In fact, natural gas prices have fallen by nearly $1 per million British thermal units, helped by a significant increase in inventories. However, stocks are still … Read more

There is a looming shortage of natural gas for the United States

Last week, the media rushed Report That US natural gas prices fell sharply after labor unions and rail companies reached an initial deal that averted a potentially devastating strike. In fact, natural gas prices have fallen by nearly $1 per million British thermal units, helped by a significant increase in inventories. However, stocks are still … Read more

The perfect storm is brewing in US diesel markets

1. Stike’s threat to rail highlights US energy weakness The possibility of a nationwide rail strike has pushed US natural gas futures above 9 per million British thermal units, amid fears of rail disruptions to coal, underlining the importance of gas in power generation. – According to the US Energy Information Administration, US natural gas … Read more

What does the White House’s refusal to refill the Strategic Petroleum Reserve mean for oil

Politics, geopolitics and conflict After around 150 soldiers were killed this week in renewed fighting over Nagorno-Karabakh, Armenia and Azerbaijan agreed to a ceasefire. This “frozen” and often unfrozen conflict dates back to the 1980s, when the territory is considered to belong to Azerbaijan but is home to a large Armenian population, making the situation … Read more

Natural gas shortage in Europe could cause a food crisis

The problem with the energy crisis is that it is, in fact, the crisis of everything. In a world where nearly every industry depends on energy in some form, hyperinflation is inevitable. This phenomenon is not news – you have been experiencing it for a while The best part of two years now. But while … Read more

Heating your home could cost 30 percent more this winter

You may want to sit down when your gas bill opens this winter. While the price of natural gas has already doubled in the past year, energy analysts say it could rise another 30 percent in the next few months, spurred by cooler weather and Russia shutting down the taps to European consumers. “One thing … Read more