Read the latest insights and analysis from the experts at Oil Change International.
You cannot underestimate that seismic shift going on as investors, often drunk on big oil profits, now just face uncertainty and loss. The oceans are awash with bobbing tankers full of oil, with no market to sell them. The industry is paralysed by the pandemic.
There is no doubt we are at a historical moment with the industry in deep structural and financial trouble and where a post-COVID-19 recovery could see a radical shift away from oil and into a just transition into renewables. But will that happen?
On the 10th Anniversary of the Deepwater Horizon disaster, “If anything, another disaster is more likely today as the oil industry drills deeper and farther offshore."
By all accounts Trump’s handling of the Coronavirus pandemic has been a disaster for months.
Later today, U.S. President Donald Trump is set to meet with at least seven senior oil executives in person at the White House to discuss the historic plunge in the oil price.
Warren Mabee, the director of the Institute for Energy and Environmental Policy at Queen’s University, said he "wouldn’t be surprised if Canadian crude prices briefly go negative - a scenario where producers are paying people to take away product.”
The unthinkable could soon be thinkable.
The IEA is embarking on a public relations effort that bears a striking resemblance to the spin coming from the oil and gas industry itself. This post takes a closer look at the IEA’s new spin, and why it's a dangerous distraction from real solutions.
Four days in the Permian Basin is enough. It’s overwhelming in every way. It’s overwhelming the carrying capacity of the land. It’s overwhelming the community. And as Permian oil, gas, and toxic gas liquids flood global markets, it’s overwhelming our climate.
On a tour of the Permian Basin in New Mexico, the devastation and pollution is hard to miss. But with the help of a special camera, you can see just how bad it really is.
