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Gambling Debts

In 2019 there was a bidding war for the Permian-based oil and gas company Anadarko. Chevron reached a deal to pay $33 billion for Anadarko but then Occidental (Oxy) got into the game and a bidding war ensued and Oxy ended up paying $57 billion. This was made possible by

As Solar Dominates, the Sun Sets on the LNG Boom

Gastech is a big deal in the global methane/natural gas industry. Gastech also openly embraces the false claims that the gas industry is somehow going to  “...accelerate the global shift toward cleaner, more sustainable energy.” The idea that methane in the form of LNG is somehow cleaner or more

LNG - The Oil Industry’s Last Scam

Do you remember the “algae as oil” years? For a whole ten years we were subjected to this scam from the biggest oil companies. We learned about it in 2009 and at the time Exxon predicted “it could produce fuels in five to 10 years.”  And then after four years

US Media and the Oil Industry: The Lies that Blind

Where is the oil?  In the first week of December 2024, the Energy Information Administration (EIA) reported that the U.S. produced a record amount of oil at 13.6 million barrels per day. This record was achieved under the Biden administration despite how we were constantly told this administration

The End of the U.S. LNG Bubble

For the U.S. LNG industry to make money it will require many factors all to align in the "Goldilocks Window" and that outcome is highly unlikely.

Peak US Oil Reveals The True Hoax of the US Shale Revolution

The U.S. shale industry has peaked and it is still in a deep financial hole.

Do Androids Dream of Electric Sheep...Or Just Lie About It?

Due to my obsession with energy markets I get the occasional question from investors. This week I was asked about the AI results on Google for queries about what price of oil Exxon needed to be profitable. I think it’s becoming clear to most rational people that the whole

Methane Insanity

We’ve been warned of inconvenient truths. A movie was made about society’s unspoken agreement to ignore science and reality and the current U.S. regime is making that movie’s head-in-the-sand approach of science denial official policy. Meanwhile, the very real impacts of our changing climate are becoming

The Pivot and the Plague

I’ve been researching and writing about the shale oil and gas industry for over 10 years now. For much of that time I’ve seen the U.S. shale industry treat gas (aka methane) as a waste product. In the Bakken they were flaring and venting up to 25%

LNG: The India Question

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 importing LNG to then burn it to power gas turbines is currently one of the

The Oil Industry’s Big Bluff

In a recent Wall Street Week video report on oil industry methane emissions there was a great insight into what the oil industry plans to do when it comes to environmental liabilities and the world in general. After hearing how there was potential to plug old oil and gas wells

Adventures in LNG Investing

LNG investors learning hard lessons about the major economic challenges facing US LNG exporters.

THE HARMS OF US LNG – FROM CALCASIEU PASS TO PUERTO LIBERTAD

The U.S. is working hard to get the rest of the world hooked on expensive and dirty liquefied natural gas (LNG) and is getting plenty of help from the banking system in other countries like Japan. The example I will focus on today is the proposed Mexico Pacific LNG

End Game: US Gas Reserves Edition

While it is now becoming clear to more people that the U.S. oil boom is about to end, very few people are talking about what that means for U.S. natural gas production. Few also are mentioning that some of the major shale gas plays like the Marcellus and