Read the latest insights and analysis from the experts at Oil Change International.
Earlier this month when Donald Trump cancelled legislation that required oil and gas companies to disclose taxes and other payments to foreign governments, the President said he was “bringing back jobs big-league.”
The electric vehicle revolution is happening - and may account for 25 per cent of the global vehicle fleet by 2040.
According to a new analysis the US now holds more oil reserves than Saudi Arabia and Russia, the first time this has happened. The crux though will be whether the US shale industry can access the finance to carry on exploiting shale. And that remains to be seen.
The man who famously rebranded BP as “Beyond Petroleum” has re-entered the debate over climate and oil by warning that oil companies face bankruptcy if they do not address the risks of global warming.
The renewable revolution is gathering apace according to new research. Last year was an “extraordinary” record year for the sector, with “the largest global capacity additions seen to date.”
As the saying goes: the stone age did not end due to the lack of stones and the oil age will not end due to lack of oil. It will end due to climate change and the coming clean energy revolution.
I want to tell you a story about a man called Bob. Bob runs a large multinational oil company. His company has just recorded its worst ever record loss of $6.5 billion. He has sacked some 7,000 workers, ruining lives and ripping up livelihoods. His company has suffered a torrid, horrible year. His share price fell 13 per cent over the last year. His competitors all did much better.
“The typical American male devotes more than 1,000 hours a year to his car”, so wrote the Austrian philosopher Ivan Illich way back in 1974.
Imagine you went on a weekend gambling tip to Las Vegas and played roulette, and that you carried on betting on black and yet every time the ball ended up landing on red.
Eventually what goes down, must come up. And to the relief of everyone in the oil industry, the global energy watchdog, the International Energy Agency (IEA) believes that there are signs that oil prices "might have bottomed out.”
