In addition to all of its other problems, Ukraine is also at the center of an increasingly messy energy situation.
Late Friday afternoon, the Keystone XL crude oil pipeline cleared one of its biggest hurdles.
In its Final Environmental Impact Statement, the U.S. Department of State concluded that completing the pipeline’s northern leg would not have a major impact on global greenhouse gas emissions.
It seems the shoe is on the other foot for a change, making for some interesting developments here in Moscow.
It’s the sixth time in as many years that I’ve been invited to give a briefing during the annual policy meetings held by the Ministry of Energy. This trip, however, is not like all the rest.
Instead of the usual certainty, there is a noticeable indecision in where Moscow plans to move next.
China has surpassed the U.S. as the No. 1 importer of oil, and current indications are that Chinese oil demand will average 1.9% higher annually through 2035.
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. From the Editor: In yesterday’s members-only message, you got a rare look at Kent’s track record and why he averages 55% on every recommendation. Today, Kent recommends a short-term move, based on the latest developments in Syria… Damascus…
Investment opportunities in the energy markets always bounce between questions of available supply and prospects for demand.
These days many commentators in the U.S. are viewing excess domestic shale gas and tight oil as a factor in restraining energy prices. Meanwhile, their colleagues in Western Europe forecast continuing economic malaise, translating into a similar result.
As Yogi Berra aptly put it, It’s deja vu all over again.
The Soviet gulag state is coming back and this time it could wreak havoc on the world’s energy markets.
This may sound funny, but water availability is becoming an issue in energy generation. And it may start to impact prices.
The issue here is not the environmental impact of water usage. That is quite a different debate.
What I’m talking about today is the water supply/demand issue.
Because water is plentiful in those areas of the U.S. where shale gas and tight oil drilling is most concentrated, the price of the water itself is very low.
But there are three other costs involved with the usage of water, and those are beginning to cause some serious concerns.
Here’s what I mean…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. The opinions expressed are those of Money Morning and the author, not those of the Wall Street Examiner. The Wall Street Examiner makes no representation regarding the accuracy or validity of the ideas expressed in the post. No…
This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Paying taxes is about a pleasurable as a root canal. It’s hard not to think about all that money going bye bye. But it’s inevitable and there’s nothing we can really do about it, I guess. However, tax…