Natural Gas

WoodMac Warns Half Of Big Oil Output May Be Hit By Carbon Costs

As much as up to 50 percent of the production of oil majors could be hit by carbon costs in the next ten years if legislators that currently price carbon extend the policy to the upstream sector, Wood Mackenzie said in a new report on how oil majors would respond to the global energy transition and rising pressure for low-carbon energy.

Trump's First Foreign Policy Test: Syria, Russia, & The Stability Of Europe

While Trump’s election may be bullish for US equities in the near term, it may be bearish for Europe, since if his success translates into more success for anti-establishment parties, that could raise the spectre of a disruptive dismantling of the Eurozone itself. These parties are also generally not in favor of the kind of deregulation and tax cuts proposed by Trump.

Oil Fades After Iraq, Iran And Nigeria Oil Ministers All Decide To Skip OPEC Doha Meeting

In yet another sign that behind the frequently blasted OPEC headlines meant to suggest a sense of OPEC unity yet which do nothing more than incite a short squeeze (as even Morgan Stanley has now admitted), there is far less cohesion, moments ago we learned that Nigeria's Oil minister Emmanuel Kachikwu is the latest to skip this week's Doha meeting scheduled for November 17 and 18. He joins the oil minister of both Iran and Iraq who will likewise skip the meeting. Oil is not happy.

Can Trump End The War On Coal?

Two things to look for in the coming days: is the war on coal a priority for the new administration’s first 100 days? We would bet not. Second, we would expect a gradual softening in rhetorical tone.

Frontrunning: November 16

  • U.S. stock futures slip as post-election rally slows (Reuters)
  • Pence Ousts Lobbyists From Transition Team (WSJ)
  • Infighting hits Trump’s foreign policy transition (FT)
  • Trump’s Win and Transition Turmoil Buy Time for FBI Chief Comey (BBG)
  • Elizabeth Warren Sends Donald Trump Letter Criticizing Transition Team’s Wall Street Ties (WSJ)
  • Saudi Arabia set to reveal depth of oil reserves (FT)

The Catastrophic Consequences Of Peak Oil Demand

With OPEC’s 2016 World Oil Outlook now grimly forecasting that peak oil demand could become a reality in just over a decade, and natural gas and renewables chomping at the bit to cannibalize commodity market growth, it may be good for the environment, but the trade-off will be global instability on a catastrophic level.