Increasing oil production in Iraq is an uphill battle with volatile economic and political realities impeding successful expansion efforts. Bernstein research breaks down some of the challenges that lie ahead.
A recent attack on the computer system of Saudi Arabia’s state-owned oil company, Saudi Aramco, by Iranian computer hackers was alarming and should have Americans taking note. Aramco is the producer of 11 million barrels per day, or approximately 13% of the world’s oil output. This resonates with Sustainable America’s mission to reduce U.S. oil dependency. Gray Peckham, an analyst at Sustainable America, explains.
Hurricane Sandy has important lessons to teach us about our fuel supply, if we choose to listen. For one, shale oil notwithstanding, the U.S. is more reliant on imported oil now than it was at the time of the Iranian Revolution in 1979. 13D Research provides analysis.
With the release of the IEA’s latest report, it is important to keep in mind the whole energy picture for America’s future. It’s clear that energy resilience will require more than just an increase in oil production…
It’s important to understand that increasing domestic oil production in America will not necessarily lower prices at the pump… Instead we should focus energy on alternatives to crude oil like natural gas, advanced biofuels and electric vehicles in addition to energy efficiency measures.
A highly respected research provider, Cornerstone Analytics has allowed us to republish a preview of their 2013 Global Oil Capacity Forecast, originally published August 23, 2012. The outlook is not good for global oil balance, which likely means even higher oil prices, and bouts of global economic malaise. Some of the numbers here are pretty shocking.
At Sustainable America we found this article from Ned Davis Research important to share. As the authors John LaForge and Warren Pies illuminate, there is a perfect storm brewing in Saudi Arabia which could likely drive oil prices higher than we may have imagined in the near future.
At Sustainable America we find this article from 13D Research interesting and on point. We believe it helps highlight the vulnerabilities of our economy to global oil supply, and the need for reducing our reliance on oil for transportation uses.
High oil prices this decade have been hard on Americans, but if there has been any silver lining, it’s been the growth of alternative energy investment and innovation spurred by the rising cost of oil.
Some poor countries may have booming population growth, but oil rich countries could be exhausting the world’s resources just as fast with our waistlines. New research in the journal BMC Public Health argues that tackling population weight is crucial for … Continue reading