Read the latest insights and analysis from the experts at Oil Change International.
As energy pioneers disrupt that market towards clean tech, Trump and his fossil fuel buddies cling to a by-gone age of fossil fuels. But we must not let them destroy America's "crown jewels" in what could be one of the last destructive acts of the hydrocarbon age
“Fossil fuels have lost,” argues Eddie O’Connor, chief executive of Irelands’s Mainstream Renewable Power company, before adding: “The rest of the world just doesn’t know it yet.”
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.
