Unparalleled increase in regulatory burdens spells a decline in economic freedom and individual liberty, with a concomitant increase in political gamesmanship and cronyism
California has been designing through regulation and mandates an electricity system largely dependent on the weather. Time will tell how this experiment works out
So drilling and service can relax. With the exception of oil sands, the North American upstream oil and gas sector is more likely to be in the early stages of a long-term recovery than experiencing a short-term blip
While millions of birds and bats are dying needlessly, wind and solar power inconsistent energy production cannot replace coal. The world’s economy needs fossil fuels, nuclear energy, and hydro-power that provide a constant source of electricity
What happens with juniors is that they do all the heavy lifting, and then the majors swoop in with the big money once a new discovery is ready to be mined.
If the industry indeed cuts capex for three consecutive years, at a time when demand continues to rise, the one thing we can be sure of is more volatility