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2026

2026

Oil Bottoms Out, But is US Shale Too Wounded to Respond?

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.”

“Adios Gas-Powered Cars”

“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.

BP’s Bid to Drill the Australian Bight Rejected

In a major set-back for the oil giant, BP’s highly controversial application to drill in one of Australia’s last great wilderness areas, the Great Australian Bight, has been rejected for falling short of environmental standards.

UK Set to Frack in National Parks

When he concluded his speech at the start of the recent UN climate change summit in Paris, the British Prime Minister, David Cameron said: “Instead of making excuses tomorrow to our children and grandchildren, we should be taking action against...

Obama to “Halt” New Coal Leases

Every day, it seems, brings more bad news for the fossil fuel industry. The week started badly with the news that they US coal giant Arch Coal, which owns the world’s biggest coal-mining complex, was filing for bankruptcy.