The global LNG industry has an economics problem. The main use for LNG (liquefied natural gas) is to burn it to generate electricity. However, there are lots of ways to make electricity these days and buying LNG to then burn it for electricity is currently one of the most expensive.| Powering the Planet
LNG investors learning hard lessons about the major economic challenges facing US LNG exporters.| Powering the Planet
The true hoax of this energy transition is the idea that the U.S. has unlimited oil and gas that is just waiting to be produced as soon as those tree-hugging liberals stop standing in the way.| Powering the Planet
By 1910, California was producing roughly a fifth of the world’s crude oil. Today it is producing roughly a fifth of the oil consumed by the state. Source In addition to experiencing serious oil production decline, California is also a “fuel island” due to the geographical and regulatory constraints| Powering the Planet
In 2019 I wrote an article that posed the question, “Will the Public End up Paying to Clean up the Fracking Boom?” The following year I wrote the article, “With Bankruptcies Mounting, Faltering Oil and Gas Firms Are Leaving a Multi-billion Dollar Cleanup Bill to the Public” in which I| Powering the Planet
In October, shortly after Exxon and Chevron announced over $100 billion in combined acquisitions, oilfield services company Halliburton’s CEO Jeff Miller warned about the reality of producing oil in the U.S. shale industry. “The reality is you have to do more work in order to stay flat.” This| Powering the Planet
[J]ournalists must also be careful not to believe everything people say. Sometimes, people are mistaken. Sometimes, people lie.’| Powering the Planet
