The International Energy Agency (IEA) released its 2024 World Energy Outlook (WEO) on Tuesday, and its predictions are continuing to create confusion in global energy markets. Specifically, the report deviates from other leading forecasters by predicting that demand for oil and natural gas will peak within five years. In the past year, OPEC, Envernus, JP
Read More...With data is piling up to contradict any claims of “peak oil” within the next few decades, the IEA’s latest report on the oil and gas industry’s role in the transition to net zero pushes a pathway that would jeopardize global energy security and harm the industry’s emissions reduction efforts. Ahead of COP28, the IEA’s
Read More...The data keep stacking up against tenuous “peak oil” claims. While the International Energy Agency forecasts that global oil demand will peak within the next decade, it also confirms that fossil fuels are necessary for the “secure operation of the overall energy system for many years to come.” Ahead of the anticipated update to its
Read More...Birol Bloviates and Gaslights to Perpetuate Green Lies David Blackmon Publisher and Editor, Energy Transition Absurdities … … [Editor’s Note: Fatih Birol is the chief propagandist for the International Energy Agency which is telling tall tales to promote green eggs and scam under the cover of climate. Speaking to the Columbia Global Energy Summit in
Read More...Energy Insecurity Is the Problem Natural Gas Cures George Stark Director, External Affairs Coterra Energy … .. [Editor’s Note: Natural gas is at the top of the energy ladder. It addresses serious energy insecurity in regions where citizens have had to depend upon traditional biomass.] In the same way we have energy in our bodies
Read More...Coal Thrives Due to Childish European Green Energy Fantasies ...… … [Editor’s Note: Europe pursued anti-fracking green energy fantasies that made it vulnerable to Russia and without its own natural gas at low prices also made coal king again.] Coal generation worldwide is expected to increase to a new record in 2022, driven by robust
Read More...Grid Grief: Ideologues Refuse to Acknowledge the Big Problem! ... … … [Editor’s Note: There are, as the quote goes, none so blind as those who refuse to see. That’s the case with our electric grid, which is incapable of delivering green energy.] To reach the Biden administration’s goal of a zero-carbon grid by 2035,
Read More...ExxonKnew Is PR and Politics in Search of A Shakedown Robert Bradley Founder and CEO of the Institute for Energy Research Principal, MasterResource: A Free-Market Energy Blog…. .… … [Editor’s Note: ExxonKnew is a complete fraud engineered by the guilt-ridden, attention-starved trust-funder descendants of the same Rockefeller family who created the company.] “Exxon knew about
Read More...Natural Gas Now Best Picks – June 3, 2022 Tom Shepstone Shepstone Management Company, Inc. … … Readers pass along a lot of stuff every week about natural gas, fractivist antics, emissions, renewables, and other news relating to energy. This week: Biden follies, enviro injustice and stupid Spain! Biden Sticks It to Energy Consumers 100 Ways!
Read More...Corporatism Is Killing Civil Society As We Are Distracted Tom Shepstone Shepstone Management Company, Inc. …. …. Corporatism, the merger of government and business for phony “profits” is invading every part of civil society and threatens its very existence. We must resist! Corruption has seeped deep into every major institution today. It is part ideological,
Read More...Offshore wind should become a $1 trillion business by 2040, the International Energy Agency (IEA) said Friday, with global capacity set for a 15-fold increase, Kallanish Energy reports. According to the IEA’s Offshore Wind Outlook 2019, investment last year in the sector neared $20 billion, compared to under $8 billion in 2010. With today’s investment
Read More...Iraq will immediately comply with Opec production cuts after months of overproduction, its oil minister told CNBC Tuesday. The second-largest crude producer in the 14-member cartel is known to chronically overproduce even as the group tries to curb output to help prop up prices, Kallanish energy reports. In August, Baghdad reported its highest oil production on
Read More...As “Keep It in the Ground” activists push for Democratic presidential hopefuls to take more extreme positions on oil and natural gas, candidates are promising to ban fracking or halt leasing on federal lands. Some have even gone a step further to say that if elected they will ban the practice all together – a
Read More...The United States – currently the third largest exporter of liquefied natural gas – will surpass Australia and Qatar to become the world’s largest exporter of LNG within five years, according to a recent International Energy Agency report. The United States Will Continue to Rapidly Grow Its LNG Exports. The United States exported nearly 1.6
Read More...Crude oil markets are tightening, the International Energy Agency said Thursday, Kallanish Energy reports. The agency warned, however, an “extraordinarily” wide range of views about the health of the global economy was making it difficult to forecast oil prices. It comes at a time when the energy industry is concerned surging U.S. crude inventories and an economic
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