Real Clear Energy Charticles

Energy Charts Interpretated and Analyzed by RCEnergy

A Chemical Cushion

They are "unloved," Bloomberg says, "a footnote," not sexy like oil. Can you imagine a TV series titled Polypropylene Glycol? Naw...the white coats, the beakers...You're not feeling it, right? But in these days of low oil prices the petrochemical sideline, a "mostly unloved corner of the world’s largest oil companies ... [is] shining, cushioning companies from Exxon Mobil Corp. to Royal...

Next Stop...Africa

Or it should be your next stop -- if you're a developer or producer. Africa, especially the sub-Saharan region, is the epicenter of the global challenge to overcome energy poverty, in the words of the IEA. "Only 290 million out of 915 million people," in the Sub-Sahara, for example, have access to electricity. Meanwhile, the energy resources are abundant. They include "remaining recoverable...

Slouching Toward Massachusetts...

What rough beast, its hour come round at last, slouches toward Massachusetts to be born? With apologies to Yeats, it's a big ol' renewables mandate. That mandate is not yet "born." It's contained in a bill, still in draft form. If passed, however, Bloomberg's reporter gushingly predicts it would have the power to "jump-start the offshore wind industry in the U.S., helping trigger a $10 billion...

The Urge to Merge - Who's Next?

In business as in life, a merger, a marriage, a partnership - call it what you like - is one of the best ways to survive challenging times. Thus we find OilPrice running a very aggressive piece of intended matchmaking by an analyst named Omar Mawji. Mawji would like to see Occidental Petroleum and Apache Corporation, a Texas-based exploration and production company, join forces to become the...

Slump To Jump

They're calling it the slump to the jump -- 'cause Brent prices for 2017 hit $50 per barrel yesterday as part of what Rigzone calls "the largest and most sustained rally since the slump began." Fifty dollars is a nice, round, milestone number. But you know, it's just a rally, and already some green eye shade types are throwing shade. Over at the Wall Street Journal analysts "question whether the...

Eyes On a Darkened Venezuela

Oil Traders, watching for supply disruptions, are keeping an eye on Venezuela -- if they can see anything through a gloaming of darkened streets illuminated only by flashlights and homes lit with candles. The country with the world's largest proven oil reserves is in the middle of a severe electricity shortage caused when a drought choked up the hydroelectric plant which supplies 70% of the...

The Magic Number Is 50 (ish)

Happy days are not quite here again, but there's hopeful news in the form of a Bloomberg headline declaring "Oil's Magic Number Becomes $50 a Barrel For Promise of Recovery." After the rending of garments and gnashing of teeth that have filled business sections ever since the average price per barrel of oil fell from its $100-plus perch, this oil industry concession is big news. Apparently...

Free the Fuel; Power to the Pipeline

Fuel (to paraphrase a famous tech guru) wants to be free. It needs to move. Landlocked oil, for example, is weak oil. What is landlocked oil but a basin of black goop? Give it a pipeline or a tanker and it can lift people up. This is why anyone interested in the flow of energy around the world (aka the rise and fall of nations) should be attuned to pipeline news -- who's building them, who's...

Saudi Arabia: Can Oil Play A Supporting Role?

A prince is making headlines this morning. No, not that Prince, the purple-favoring, petite one from Minnesota. This morning there's also Saudi Arabia's Deputy Crown Prince Mohammed bin Salman, age 31, currently the country's de facto CEO, making news with the announcement of Saudi Vision 2030, "a huge cocktail" (as Bloomberg put it) of intended reforms for one of the most tradition-bound and...

Why Statistics Are Tricky

It's nice to see terms like "thrive" and "record high" scattered through an article about North American oil production in these days of gloom-'n-doom headlines. But why not? Nothing's ever uniformly good or bad. We live on a complex, multi-faceted planet. Thus it came to pass that Bloomberg published a story today titled "Oil Megaprojects Dreamed Up a Decade Ago Thrive Amid Price...

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