Biofuels debate
November 18, 2008 by admin · Leave a Comment
Source:Times Online 29 October 2008
…environmental challenges. Shell say biofuels cannot be left out of the mix and have…Rob Routs who is in charge of Shell’s expansion of biofuels, answers your questions…the highest of any of the oil majors. Biofuels from straw. Or woodchips. Or algae…..
By 2050 the world will need twice as much energy while emitting half of today’s greenhouse gases. As the global population heads for 9 billion, supplies of conventional oil and gas will not keep up. Solar and wind will struggle to fill the gap and nuclear will be needed, but poses its own environmental challenges. Shell say biofuels cannot be left out of the mix and have the potential to be an affordable, genuinely low CO2 fuel in the near term.
Rob Routs, in charge of Shell’s expansion of biofuels, answers your questions below on the most controversial issue being debated by the energy giants.
Read the full article here.
Oil Industry Mergers, Market Power and Fuel Prices
November 7, 2008 by admin · Leave a Comment
This report and synopsis was developed by API.
The Facts About Oil Industry Mergers, Market Power and Fuel Prices: An API Primer
The oil and natural gas industry recognizes the concerns across the country over the higher energy costs American consumers and businesses have been facing this year. It is also aware of the assertion that the consolidation that has occurred in the industry over the last decade has led to higher energy prices. This primer attempts to address those concerns and offers the proper context in which to view both energy prices and company mergers.
It is important to understand how the energy world has changed. Forty years ago, the world oil reserves were largely the domain of the investor-owned, international oil companies (IOC), based principally in the United States. Most people today assume international oil companies are little changes from decades ago, still siting astride the bulk of these world oil reserves. That is no longer the case. Today, world oil reserves are 80 percent owned by the national oil companies of foreign governments, many formed during the past 30 years. Only six percent of worldwide oil reserves are now held by investor-owned oil companies.
Download the primer (pdf).
Understanding the Oil and Gasoline Industry
November 7, 2008 by admin · Leave a Comment
This primer and synopsis was developed by API.
The Truth About Oil and Gasoline: An API Primer
America is in a global struggle for energy security and many of us lack a full understanding of the oil and natural gas industry. API has assembled a primer to encourage a constructive public policy debate on meeting the growing energy needs of consumers and industry.
Sections include discussions of global energy demand, price increases, what consumers are paying at the pump, earnings, refinery expansions, the environment and energy security.
Download the primer (pdf).
Date: October 31, 2008
Please note that this report is updated on a regular basis. To obtain the latest version please visit API.
America’s Oil & Natural Gas Industry: Putting Earnings into Perspective
November 7, 2008 by admin · Leave a Comment
This report and synopsis was developed by API.
The oil and natural gas industry is one of the world’s largest industries. Its revenues are large, as are the costs of providing consumers with the energy they need. Among those costs are finding and producing oil and natural gas, refining, distributing and marketing those refined products. The energy Americans consume today is brought to us by investments made years or even decades ago. Today’s oil and natural gas industry earnings are invested in new technology, new production and environment and product quality improvements to meet tomorrow’s energy needs. The industry’s earnings are very much in line with other industries, and often they are lower. See below for more information.
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Putting Earnings into Perspective
It may surprise you to find out our industry’s earnings are typically in line with other industries, and are often lower. From just who owns “big oil” to how we invest what we earn, we’ve prepared this short paper, based on well-documented data, to help you better understand the oil and natural gas industry’s earnings by putting them into perspective.
Download the report (pdf).
