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2026

2026

American LNG is not the answer to European gas crisis

One of the leading trade associations promoting fracking in the U.S. sees Putin’s war in Ukraine as a flagrant opportunity to sell more LNG gas. And lots of it. They are calling on the U.S. to “unleash American energy’s strength...

What do Japan and the tobacco industry have in common?

[caption id="attachment_23204" align="alignleft" width="300"] Photo: Alex Doukas[/caption] “Cigarettes are good for you.” The tobacco industry successfully peddled this myth for decades. Today, nobody would believe them, and the boldness of the lie seems staggering in retrospect. But Japan, under the...

Gas Price Reality Check

Two items out today have reinforced what we have known all along about gas prices and domestic drilling. The first provides strong statistical evidence that there is no correlation between domestic drilling in the United States and gas prices. The second shows...

“The last man will switch off the button”

At one point yesterday, Brent crude, the European benchmark grade of oil was topping $108 a barrel—its highest level in 2½ years. Such is the surge in oil prices caused by the Libyan crisis that it could derail the global...

The High Cost of Keeping Gas Prices Low

The subsidy battle raging in Washington at the moment is all about what are known as “production” subsidies. These are subsidies that are paid to the oil majors to keep the oil and gas flowing. But there is also another...

Iraq Exports Reach Post-War High

Maybe those people who gave the green light to invade Iraq really did have a crystal ball. Maybe five years ago they could have foreseen record energy prices and a frenzy about oil supply and demand. Because amidst all the...

Nigeria No Longer Top Africa Exporter?

Nigeria, which has been forced to shut in more than half of its oil output following rebel attacks and a workers' strike, could lose its position as Africa's top oil exporter to Angola. The cumulative oil production outage for Africa's...