A reader comments: The problem that most concerns me is not the shortage of oil but its abundance. Saudi Aramco, the Saudi (state owned) oil company is the world’s largest corporation with over $30 trillion dollars in assets including oil …
Category: Fossil Fuels
Shell Oil Has an Indefensible Position, But At Least (I Believe) It’s Trying
If I were forced to choose an oil company that I resent less than its peers, it would probably be Royal Dutch Shell. I’ll admit that my reasoning is flimsy, but here goes: 1) A few years ago, a very large …
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Chevron Will Not Clean Up Ecuador Anytime Soon
Over the past few years, I’ve written several articles calling out Chevron’s nauseating behavior in defiling the rain forests and people of Ecuador. In many such posts, I’ve speculated that they’d still be fighting against the world justice system long after …
Congress Can’t Wait to Approve Keystone XL
Everyone with lungs should be in support of the Sierra Club and what they’ve done with their campaign called “Beyond Coal,” which has brought the awareness of the issue to tens of millions of Americans who otherwise would have been …
Reject the Keystone XL
I just signed The Center for Biological Diversity’s petition calling for POTUS Obama to “Reject the Keystone XL Once and for All.” Will rejecting the project materially change our country’s devotion to oil? No. Will doing so suggest to Americans and …
Proud to Write for the Financial Prognosticator "The Hedge Connection"
Over the last six months I wrote a number of articles for the Hedge Connection, a newsletter that goes out to many thousands of investors, especially family offices. Considering that one of its most important domains is clean energy, I was …
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Why Are Oil Prices Falling? Putin? Something Else?
A colleague just sent me this: “The story should not be how falling oil prices will impact the shift to clean energy, it should be how the shift to clean energy is impacting the oil price.” – Michael Liebreich, chairman of …
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Vermont: The Mecca for Fossil Fuel Divestment
If you like self-styled people who don’t ask permission to do what they think is right, you have to live in awe of the state of Vermont. The presence of Bernie Sanders in the U.S. senate (pictured) is proof enough, …
Oil and Terrorism
In our discussions of the oil industry and its legitimacy, we occasionally run across people who deny that oil and terrorism have any real link, e.g., this comment to my recent piece on electric transportation: …. nor has “terrorism” got …
Plunging Oil Prices and Renewable Energy
Alejandro Manrique is a colleague from Argentina, who, last year, demonstrated his great generosity: he donated a ton of time to translate a great deal of our content here into Spanish. He wrote me just now to wish me a Happy …
