The American fracking for oil and natural gas boom will continue on through the 2020s. And why not? Since fracking took off in 2008, we have more than doubled our proven oil reserves to ~65 billion barrels. Natural gas reserves have surged over 80% to ~430 trillion cubic feet. Already the largest oil and gas […]
China is expanding its offshore oil and gas scene, undeterred by compliance, transparency, corruption or environmental issues that plague so many oil-rich countries. Chinese development banks are willing to lend billions to oil-producing countries in Latin America and Africa, and its state-run oil companies are willing to invest in projects others fear to touch. This […]
BP’s 2019 energy outlook projects that big things are in store for India’s energy sector. The country’s energy demand is set to balloon by 156 percent by 2040, at which point BP has projected that the subcontinent will account for a whopping 11 percent of global energy consumption–double its current share. admin
Deep disparities define today’s energy world. The dissonance between well-supplied oil markets and growing geopolitical tensions and uncertainties. The gap between the ever-higher amounts of greenhouse gas emissions being produced and the insufficiency of stated policies to curb those emissions in line with international climate targets, reports the International Energy Agency. admin
The growing risk now is that much of the market share abroad that US agribusiness is losing to foreign competitors will be hard, if not impossible, to win back —even if current trade conflicts are resolved to the US government’s satisfaction. Growers in Australia, Brazil, New Zealand, Russia, and other nations are rushing to replace US […]
With unexpected floods, prolonged droughts, spring frosts, and crazy hailstorms, climate change has been responsible for many ruined harvests. But one crop, nearly universally appreciated by consumers, is especially sensitive to the mercurial weather—winemaking grapes. Grapevines are particularly vulnerable to climate change because they take years to establish—three to four seasons to bear fruit, and […]
Judging by the plunging share price of steel producers and the collapse in steel prices from $1,006 per ton just over two years ago to $557 now, it would seem that Steelmageddon — the term famously coined by Bank of America Merrill Lynch — is upon us, asks MetalMiner. admin
Northern hemisphere wheat crops, European Union, Russia and Ukraine in particular, are boosting global wheat supply, more than offsetting the repeat drought conditions faced by Australia, according to the latest USDA World Agricultural Supply and Demand Estimates November report. admin
In recent years, coffee growers around the world have battled with disease, pests, droughts, and a lack of pollinators. Despite the fact that coffee is grown nearly everywhere, from South America to Africa to Asia, scientists worry that nearly half of this land won’t be able to generate harvests by 2050. admin
U.S. dependence on foreign oil has shifted. Thus, America’s interests are no longer as vulnerable to negative events in the Middle East as they were in 1980, Daniel Davis writes in The National Security. admin
