In the public perception, it is almost axiomatic that overseas oil assets constitute energy security. It assumes that ownership confers rights of unqualified access. There is a belief that if you own hydrocarbon assets in any corner of the world, it automatically and ineluctably entitles you to physically access those resources as and when you […]
From previously challenging the “tyranny of oil,” newly inaugurated U.S. President Barack Obama enters his second term in office as leader of a potential oil and gas superpower. According to BP’s Energy Outlook 2030, unconventional sources will make the United States virtually energy self-sufficient by 2030, largely thanks to the shale gas revolution. “The U.S. will likely surpass Russia […]
UNTIL the late 1950s America produced all the coal, oil and natural gas that its citizens could burn. But as they grew rich and bought cars as big as whales, America began to suck in fuel from beyond its shores. It now accounts for nearly a fifth of world energy consumption. China may be the […]
It is official. The US will overtake Saudi Arabia to become the world’s top oil producer by 2017. The International Energy Agency (IEA) said in its world outlook for 2012 this morning that the US will be a net exporter of gas by 2020, with all the vast implications of abundant cheap gas for its […]
looking beyond borders 