Category Archives: Oil

The Last Oil Cycle is Now Behind Us

If you wanted to make a case that US oil demand was threatening a new, upside breakout, a good place to begin would be the year 2000, the beginning of the new millenium. The country was using 6% more oil that year than it is today. More tellingly, the population was 12% lower. Since that […]

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US Oil Demand Picture Offers Nothing to Either Oil Industry or Climate Community

US petroleum consumption grew by 0.95% last year, highlighting the current drag on global oil demand growth. For years, weaker OECD demand growth was masked by strong demand in Non-OECD regions. But since the year 2010, a new pattern of demand has slowly emerged, and it’s the primary reason why oil prices have found an […]

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The Oil Demand Downshift

The International Energy Agency in Paris (IEA) released its oil outlook this week, Oil 2017, warning?that demand may begin to outpace supply by 2020 if the global oil industry doesn’t start investing again. But what if the oil industry is right to not invest? The most important data point in the IEA’s report was their […]

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Troubles Ahead for the Global Oil Sector

Global production of crude oil reached a new, all time high in November of 81.81 mbpd. That’s not good news. Especially at a time when the rate of demand growth for oil has downshifted from its historical 2% rate to something closer to 1%. More chilling still is that the price crash, which started in […]

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The Next Emissions Story

If you’ve been following the emissions story the past few years, you will know that slower economic activity and the rise of renewables have started to seriously blunt the growth of global carbon. In the OECD, for example, CO2 output has surely peaked, with virtually no risk whatsoever that developed nations will return to the […]

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In the Year 2020

London based Carbon Tracker is forecasting?that global demand for both coal and oil are set to peak just a few years from now, in the year 2020. The new report uses a model, in partnership with?Grantham Institute, that combines policy and economic factors to arrive at the surprising convergence. Indeed it would be unusual, given […]

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Transition Show Interview and Podcast

I was very pleased to have an opportunity to share my current market views on the Transition Show Podcast, this past week. Energy transition is of course the primary focus of my publication, TerraJoule.us, and it appears that changes in how the world economy uses energy has finally caught up to oil. Now that prices […]

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Oil Control: April Issue of TerraJoule.us

Each issue of TerraJoule.us contains:?a?Main Essay, the?Model Portfolio, the?Data Brief, and a link to a?Downloadable Podcast. Gregor Macdonald, Editor. Readers may purchase each issue individually, through Ganxy.com:?Purchase. Or, readers may also take a 12 month subscription through Gumroad.com:?TerraJoule.us Monthly eBook ?Annual Subscription. Podcast:?This month’s podcast is free. Listen here at SoundCloud. Model Portfolio: The?TerraJoule.us?model portfolio […]

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Tyranny of Price and Energy Equity Outlook 2015: January (Double) Issue of TerraJoule.us

Each issue of TerraJoule.us contains:?a?Main Essay, the?Model Portfolio, the?Data Brief, and a link to a?Downloadable Podcast. Gregor Macdonald, Editor. Readers may purchase each issue individually, through Ganxy.com:?Purchase. Or, readers may also take a 12 month subscription through Gumroad.com:?TerraJoule.us Monthly eBook ?Annual Subscription. Podcast:?This month’s podcast is restricted to purchasers and subscribers. From this month’s issue: […]

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Uber and Oil: September Issue of TerraJoule.us

Each issue of TerraJoule.us contains:?a?Main Essay, the?Model Portfolio, the?Data Brief, and a link to a?Downloadable Podcast. Gregor Macdonald, Editor. Readers may purchase each issue individually, through Ganxy.com:?Purchase. Or, readers may also take a 12 month subscription through Gumroad.com:?TerraJoule.us Monthly eBook ?Annual Subscription. Podcast:?This month’s podcast is?for subscribers and purchasers only. From this month’s issue: The […]

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