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Articles on Oil Market

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Sales of electric vehicles are growing fast, especially in Europe. Sopotnicki/Shutterstock.com

How electric vehicles could take a bite out of the oil market

Shifting to plug-in cars wouldn’t be enough to max out global oil consumption by 2040. But it could help make that happen if cities pitch in and ride-sharing doesn’t crowd out public transportation.
Oil’s continuing slide so far isn’t leading to lower U.S. production, but concerns are growing that it’ll drive some out of business. Reuters

Why do oil prices keep going down?

Producers keep pumping more oil, even as prices are falling to fresh 12-year lows every day. What’s driving this?
The people are angry, but the politicians aren’t worried. Dave Weaver/Reuters

Keystone XL debate: how pipeline politics divide Nebraska

In Nebraska, the intensity of the Keystone XL debate is second only to that over the chance that the Nebraska Cornhuskers will win the Big Ten football championship. Raging for several years now, controversy…
The International Energy Agency was set up to avoid a repeat of the 1973 oil crisis - but four decades later the rules need updating. David Falconer/US Library of Congress/Wikimedia Commons

The G20 has a crucial role in preventing future energy crises

Next week, Brisbane hosts the final meeting of the G20 Energy Sustainability Working Group before the main G20 summit in November. Government officials and energy experts from 20 of the most powerful countries…
Smoke pours from the Baiji oil refinery, the largest in Iraq, by some reports under the control of ISIS forces. EPA/STR

Iraq crisis threatens global oil supplies and a stable Middle East

The mid-June penetration of northwestern Iraq by the extreme Islamist movement ISIS has prompted major concerns about the world’s oil supply and energy security. The group’s incursion threatens Iraq’s…

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