Apparently, the Queen of England sent her first email in 1976, some 14 years before the World Wide Web was born. I learned this while reading about the growth of ‘smart’ devices, and their impact on energy demand. This week I’ve also been exploring trends in US wind generation, as well as changing gasoline habits. Hence I’ve brought this haphazard collection of trends together in this post, for no other reason than they are rather intriguing. Well, I thought they were… I hope you do too. » read more
Archive for the ‘Global Energy’ Category
I was super-happy to be on CNBC Asia this evening and to be given the opportunity to rant about some of the usual suspects influencing the market: OPEC, rig counts, and US production, among others. Hark, click on the below non-mugshot to launch to the clip:
The current US oil market is in the midst of a slugfest reminiscent of a Rocky fight, as competing influences face off against one another. In one corner we have rising US shale oil production, while in the opposing corner we have a precipitously falling rig count. Out of this duking duo, one is going to provide a sucker punch to prices. The question is….which? » read more
Despite an unrelenting focus on the recent rout in oil, there have been a number of other significant swoonings across commodityland™ which have also been rather noteworthy. This played out naturally in my head as ‘noily’ (aka, ‘not about oil’…although, as we know, everything is interlinked).
As it turns out, noil is actually a word – meaning a short fiber left over from spinning silk. Trying to find an istockphoto image of said noil, this picture of a gnarly alpaca showed up instead. I then looked up ‘no oil’, and an alpaca image showed up again. Fate it would seem. So here is a post which is not about spinning silk, gnarly alpacas, or oil. » read more
It was a late night for me as I appeared on CNBC Asia to respond to OPEC Secretary-General El-Badri’s comments that oil prices are bottoming out. His concerns about a lack of investment in the oil and gas sector seem a more legitimate argument, something we discuss via companies cutting their capital expenditures and a falling rig count. Hark, click on the below mugshot to launch to the clip: