Prospects for OPEC’s June 22nd, 2018 meeting

What prospects for OPEC’s June 22nd, 2018 meeting would be expected when Saudi and Russian oil ministers multiply statements since their meeting at the inaugural opening of the World Cup games. The Russian minister finding that the increase in OPEC and non-OPEC production, to 1.5 million barrels would be ” Inevitable “; the balance price not to exceed […]

U.S. shale oil drillers boosted by efficiency and drilling intensity

The Global Warming Policy Forum citing The Wall Street Journal on how The New Shale Tech That Terrifies OPEC has become reality where the U.S. shale oil drillers boosted by efficiency and drilling intensity, are lowering prices to a point that could soon hurt exporters like Saudi Arabia. What doesn’t kill you makes you stronger. […]

Human-caused Climate Change is a major global threat

How Big Oil distorts climate change reality with tweaks in language   Sylvia Jaworska, of University of Reading explains that : Almost every climate scientist agrees human-caused climate change is a major global threat. Yet, despite efforts over the past 30 years to do something about it, emissions keep increasing. Any successful coordinated international response […]

Bahrain joining the 100% Debt Club

Today’s Bloomberg article by Mohammed Sergie is on Bahrain joining the 100% Debt Club as a new member. It goes without saying that Bahrain although the smallest oil producer in the Persian Gulf countries and member of the GCC has nevertheless to fend for itself on its own. How much would the GCC lend a hand […]

Ten reasons for oil prices to be higher than $60 per barrel

The latest report of the World Bank anticipated an increase in the rate of growth of Algeria’s economy but it also reckons that it would still be drawn back by its large public expenditure through notably its newly adopted unconventional financing. It should  rather opt for a transitional mean of development, with sustainable growth to […]

Would Peak Oil and / or Peak Demand make any difference

The Guardian of September 27, 2013 reporting on the  Intergovernmental Panel on Climate Change (IPCC) that concluded with it would take 30 years to climate calamity if we carry on blowing the carbon budget knowing that the world’s “carbon budget” was one of the most striking findings of the IPCC’s calculations todate. Would Peak Oil and / or Peak Demand make any difference to any outcome to that?

As a good captain of industry, Elon Musk tried and still is trying to turn this into an opportunity.  Here he is relating to the owners of those geological assets cause of this calamity in the making.