And now ladies and gentlemen, for the final trick of natural gas… look, no storage! The transition of North American natural gas from a high-cost, volatile-priced commodity to one that’s cheap and relatively stable has been remarkable. And it’s all happened in less than a decade (see Figure 1). But the gaseous fuel has performed […]
“This time it’s different.” That’s what oil analysts like to say during every boom-and-bust cycle. But how different is today from previous yo-yo fundamentals? Right now, we’re in an oil upcycle; prices have risen by 15% this year and wanting to go higher. On a volume basis, the growing addiction to oil is as […]
We are entering an age where access to energy will be cheap and limitless. That’s a big statement. And it’s a departure from always thinking about fuels that may run short and get more expensive. For decades, there has been a dominant mindset in the world of energy: resources like oil and gas are […]
On the surface, where drilling rigs roam, the numbers don’t look good. That’s why a growing number of analysts are talking about a potential oil price spike, possibly north of $100-a-barrel again. Lacklustre international drilling activity, against a backdrop of ever-rising levels of consumption, is supportive of the higher-prices-yet-to-come thesis. A review of regions […]
