Flaring, or burning, waste gas from energy production has sharply increased over the past decade. It wastes usable fuel, pollutes the air, and helps drive climate change.
OPEC’s recent decision to cut supply is a classic move from the oil cartel playbook. But in today’s era, there are many more players and game-changing technologies on the field.
When you pick apart the strange economics of global energy markets, it becomes clear how the incredible power of Riyadh can take other countries to the brink.
Drilling in the Marcellus Shale, and in other unconventional oil and gas formations across the US, has led to a boom in domestic natural gas and oil production -– largely due to advances in high volume…
The recent confidence in shale gas was likely premature, according to several new reports published in the US. In particular a study from the University of Texas claims the US boom will tail off by 2020…
With oil prices on the slide, members of the once-dominant Organization of the Petroleum Exporting Countries (OPEC) decided last week not to attempt to rally them by cutting production, leaving the Brent…
After the terrorist attacks of 9/11, the US made a point of diversifying its sources of oil to reduce dependence on the Middle East. It was a strategic move which promised a huge boost to West African…
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…
David Elmes, Warwick Business School, University of Warwick
Recent tensions progressing to conflict in Iraq have raised concerns that world prices for oil will rise after a period of relative price stability that’s masked significant changes in supplies. Conflict…