OPEC Struggles To Manage “Permanent Demand Destruction”
OPEC is beginning to see the writing on the wall. Demand for oil is declining and may never recover. That’s good news for the Earth.
OPEC
The Oil & Gas Industry Doesn’t Have A Bright Future
The oil and gas industry has been in a recession, effectively since the global financial crisis 11 years ago. Each year, production volumes have increased by more than global demand, meaning that the market has been in decline, with lower prices for crude oil and natural gas the natural result.
OIl Prices Plunge As OPEC Countries Fail To Reach Agreement
The demand for oil is plummeting as a result of a global economic slowdown created by the coronavirus. OPEC tried to get its members to cut production to boost prices. It failed.
CleanTech Talk with Ross Gerber — Tesla Climate Leadership, Tweeting, $420, & The Oil Crisis…
For our hot new Cleantech Talk podcast interview series, I recently sat down with Ross Gerber, cofounder, president, and CEO of Gerber Kawasaki Wealth and Investment Management, to discuss cleantech innovation, Tesla, climate change, insurance companies, and more. The conversation was approximately one hour long, so to cut it down into more manageable portions, we’ve split it up into a couple of episodes. Listen on your favorite podcast platform or via the embedded player below.
Condoleezza Rice Discusses Peace In The Middle East At Stanford Global Energy Forum
One of the speakers was Saudia Arabia’s Permanent Representative to the UN, Abdallah Al-Mouallimi. He began with the official statement (as of that day, November 1st, 2018) about the massacre of Saudi journalist Jamal Khashoggi. Then he and Secretary Condoleezza Rice got down to the business of how Saudi Arabia plans to remain a viable country as demand for oil shrinks. As oil represents 46% of its GDP and 87% of its exports, this is a massive challenge to its (rather imbalanced) economy. Rice asked him a host of touchy questions with the utmost diplomacy, as expected from a former Secretary of State.
American Energy Over The Last 45 Years
Ken Bossong, Executive Director of the Sun Day Campaign, answered some questions about American energy production and consumption issues for CleanTechnica.
Record US Oil Output Could Be Nightmare Scenario For OPEC
The US will supply much of the world’s additional oil for the next few years, according to a new report from the International Energy Agency (IEA).
Tesla, Russia, & Saudi Arabia — Much Has Changed, But Much, Much, Much More Will…
Tesla is growing. It is struggling with growing pains, but it’s still far and away the biggest corporate driver of the EV revolution. We can’t tease out corporate or government policies enough to make a list of things that wouldn’t exist if not for Tesla, but we know it’s a long and awe-inspiring list.
Congratulations To OPEC
This time it has achieved an agreement with non-OPEC producers which is supposed to slash another 558,000 barrels per day in oil production. That’s the first time such an agreement has been done since 2001.
Price Of Oil Headed Back Up, Gasoline Hikes Will Follow
In the world of oil, Saudi Arabia is the tail that wags the dog. For several years, it has stubbornly refused to cut oil production in the face of falling oil prices in order to maintain its dominant share of the oil market. It is also part of a strategy to drive tar sands and fracking producers out of business. Those non-traditional sources of oil are far more costly than pumping from reserves under the Arabian desert.
