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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. —Joseph McMonigle, secretary general, IEF.

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Commentary: Could falling oil prices spark a financial crisis?

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The oil and gas boom in the United States was made possible by the extensive credit afforded to drillers. As is the nature of the junk-bond market, lots of money flowed to companies with much riskier drilling prospects than, say, the oil majors. The situation will compound itself if oil prices stay low.

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‘Buy Tesla’: Goldman Sachs defines investments as the Age of Oil closes

Teslarati

Goldman Sachs is preparing for the lapse of the Age of Oil, predicting big gains for the companies that continue to help expand the footprint of sustainable energy. However, Tesla isn’t the only car company that is listed , and cars are not the only topic that Goldman analysts are bullish on as the Age of Oil begins its imminent demise.

Oil 144
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IEA: time to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future

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In a major new report on hydrogen, the International Energy Agency says that the time is right to tap into hydrogen’s potential to play a key role in a clean, secure and affordable energy future. A wide variety of fuels are able to produce hydrogen, including renewables, nuclear, natural gas, coal and oil.

Clean 255
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Nanoscale downhole detector reports presence of H2S in crude oil and gas before production

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Scientists at Rice University have created a nanoscale detector that checks for and reports on the presence of hydrogen sulfide (H 2 S) in crude oil and natural gas while they’re still in the ground. Crude oil and natural gas inherently contain hydrogen sulfide, which gives off a “rotten egg” smell. —James Tour.

Oil 230
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KU Leuven team creates solar panel that produces hydrogen from moisture in air

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Today, most hydrogen gas is produced using oil and gas.—Grey —Grey hydrogen gas, in other words—not a big win for the climate or the environment. One family would need about 4 cubic meters of storage—the size of a regular oil tank. The researchers, however, say that it should be affordable.

Solar 321
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UTA study indicates air contamination near fracking sites result of operational inefficiencies, not inherent to the extraction process

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A study led by chemists at the University of Texas at Arlington (UTA) indicates that highly variable contamination events registered in and around unconventional oil and gas developments are the result of operational inefficiencies and not inherent to the extraction process itself. Collectively, 12,821 data points were taken. Wright, Kevin A.

Arlington 150