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Welcome to Energy Tribune.
Our motto is “Leading the debate. Beating the Street.” We print a monthly magazine (subscriptions are just $75 per year) and publish on the Web to help you understand the key issues in the energy sector and to help you make money in the energy business. We believe our news and analysis, combined with our various stock lists and indices, will allow you to do just that.
We publish this magazine because we have strongly held beliefs about energy. Here are a few of them:
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- Energy is the world’s most important commodity. Period. Without energy, there is no transportation. And without transportation, there is no commerce. Energy supply, energy consumption, and energy politics are driving the global political, economic, and social debate and will continue to do so for decades to come.
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- Peak oil and global warming are among the key debates of our time. Our editors have strong disagreements about these issues, particularly the latter one. We publish pieces that question the science about global warming and others that do not. The world’s policymakers appear to be in agreement that man-made carbon dioxide is bad and that efforts like the Kyoto Protocol are the solution. Maybe they are. But then what? It’s the “then what?” that’s getting ignored. Mandating drastic cuts in energy use and/or large-scale carbon capture and sequestration efforts will cost billions, perhaps trillions, of dollars. It may also mean huge job losses. And no matter what anybody says, renewable energy simply cannot replace fossil fuels in the modern economy. The point is this: the global warming debate is too important to be left to “group-think” while accepting the spurious claim that “the debate is settled.” We aim to keep the debate going.
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- Corn ethanol is the biggest scam to hit America since the days of Charles Ponzi. Making subsidized motor fuel out of the most subsidized crop in America borders on fiscal insanity. No matter how you slice it, corn ethanol cannot provide enough fuel to displace imported oil. In 2005, U.S. farmers produced about 11.1 billion bushels of corn. If the U.S. turned all of its corn into ethanol, it would only supply about 6 percent of America’s total annual oil needs.
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- We love Willie Nelson, but biodiesel won’t get us there, either. If all 3.2 billion bushels of soybeans produced by American farmers in 2006 were converted into biodiesel, they would only yield about 4.8 billion gallons of diesel fuel, or about 1.5 percent of America’s total annual oil needs.
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- Energy independence is an even bigger hoax than corn ethanol.
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- Energy independence is a fraud perpetrated on the American people by ambitious politicians and war-mongering neoconservatives. The global reality is ever-increasing energy interdependence.
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- The idea that America can build a “wall of energy independence” around itself – a concept advocated by New York Times columnist Thomas Friedman – ignores the realities of the modern energy business. Oil prices are set globally. Sure, the U.S. is a big energy importer. And yes, that creates risks. But life is filled with risks. Plenty of other countries are more dependent on imported oil than the U.S.
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- We see the balance of power in the oil and gas industry shifting away from the supermajors and toward OPEC, the service companies, and the national oil companies. This will radically alter the energy landscape.
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- We are committed to thorough coverage of China and Russia. The reasons are obvious: China has a voracious energy appetite and few resources. Russia has vast resources. While China still clings to its top-down, centrally controlled Communist system, it is gradually becoming more open and tolerant. Russia, meanwhile, is becoming more repressive, more belligerent and more, well, Soviet. And the two countries are doing big energy deals with each other.
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- We are deeply interested in the technology and politics of nuclear power. Right now, nuclear sources provide about seven percent of the world's primary energy. (Carbon-based fuels provide nearly 90 percent.) And although some forecasters believe the nuclear market share in energy supply will decline in the coming years, nuclear may be the only extant source with enough momentum and enough capital to provide sizable increments of new electricity capacity that is low-carbon or no-carbon.
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- We're hopeful, but very cautious, about emerging energy technologies and renewables. Wind and solar are getting loads of hype, but they are not going to displace serious amounts of fossil fuels, not in our lifetimes, and probably not in our children’s lifetimes.
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- Transparency throughout the entire energy supply chain is critical, and the trend toward greater transparency will continue. Whether the issue is accurate crude production numbers by members of OPEC, reliable reserves estimates from Shell, or the total amount Exxon Mobil pays the government of Equatorial Guinea, there's a global push to release more information of all kinds to investors, consumers, and host governments. We support transparency and believe it can help reduce some of the corruption that has plagued the petrostates.
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Thanks for reading Energy Tribune. We look forward to becoming an indispensable source of information for you. |
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THE EDITORS
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Michael J. Economides, Editor-in-Chief, is among America's leading energy analysts. Back in 1999, Economides warned that oil prices, then at $11 a barrel, were about to surge. Within a year or so, the price was over $30. A consultant, educator, and PhD petroleum engineer, Economides has done technical and managerial work in more than 70 countries. A professor at the Cullen College of Engineering, University of Houston, Economides has written or co-written about 200 articles and peer-reviewed papers and 11 textbooks. He is also the co-author, with Ron Oligney, of the industry primer, The Color of Oil: The History, the Money and the Politics of the World's Biggest Business, which was published in 2000 and has since been translated into five languages. He appears regularly on national TV and radio programs.
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Robert Bryce, Managing Editor,
has been writing about the energy business for nearly two decades. His articles on energy and other subjects have appeared in numerous publications ranging from The Atlantic Monthly to The Guardian and The Nation to The American Conservative. His first book, Pipe Dreams: Greed, Ego, and the Death of Enron, was named one of the best non-fiction books of 2002 by Publishers Weekly. His second book, Cronies: Oil, the Bushes, and the Rise of Texas, America’s Superstate, was published in 2004. Bryce has appeared on numerous TV and radio programs ranging from the BBC and CNN to PBS and NPR. His latest book is Gusher of Lies: The Dangerous Delusions of “Energy Independence.”
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Lisa Zeng Sommer, China Correspondent, knows China's energy business inside and out. She has taught economics at the Managerial Institute of the Ministry of Energy in Beijing and has represented energy companies entering the Chinese market. She travels regularly to China to do additional reporting on the Chinese energy sector.
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Energy Tribune has other correspondents in Austin, Houston, Moscow and Caracas.
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Changing Dynamics Over China’s Offshore ...
By Lee Geng
Aug. 22 2008, 12:01 EST
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Game, Set, Match: It’s Natural Gas By De...
By Terence Thorn
Aug. 20 2008, 10:38 EST
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The Coming War with Iran?
By Michael J. Economides and Peter C. Glover
Aug. 18 2008, 11:23 EST
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Iran Rising
By Robert Bryce
Aug. 13 2008, 11:52 EST
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A Diesel Primer
By James T. Richardson
Aug. 13 2008, 11:38 EST
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“Anwrstan” – Putting A.N.W.R. in Perspec...
By Mac Johnson
Aug. 13 2008, 10:35 EST
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Scratch Russia Georgia War and You Find ...
By Michael Economides
Aug. 12 2008, 5:19 EST
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Gazprom’s Energy Imperialism
By Michael J. Economides and Nate Evans
Aug. 7 2008, 12:08 EST
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The Diesel Crunch: Why Diesel Prices Are...
By Robert Bryce
Aug. 7 2008, 11:27 EST
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Brazil’s Lula Juggles Environmental Issu...
By Randy Woods
Jul. 24 2008, 11:10 EST
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Europe’s Energy Revolution: Long on Rhet...
By Andrés Cala
Jul. 24 2008, 11:03 EST
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China’s S.P.R. Pumping Up Prices
By Lee Geng and Michael J. Economides
Jul. 21 2008, 12:27 EST
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Time for U.S. to Embrace Constructive Di...
By Leon Hadar
Aug. 20 2008, 10:32 EST
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12 Facts about Global Climate Change Tha...
By Joseph D’Aleo
Aug. 18 2008, 11:35 EST
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Energy Tribune Speaks with Gwyneth Crave...
By Robert Bryce
Aug. 7 2008, 12:54 EST
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Alternative Energy Opinions: Getting a R...
By Larry Bell
Jul. 16 2008, 11:16 EST
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Energy Tribune Speaks with Mercedes De F...
By Robert Bryce
Jul. 14 2008, 12:09 EST
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Please, God, Curse Me with Oil
By Mac Johnson
Jul. 9 2008, 11:59 EST
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Cuba’s Energy Revolution, Revolution, Re...
By Robert Bryce
Jul. 3 2008, 3:51 EST
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More Brains Per Barrel
By Robert Bryce
Jul. 1 2008, 3:51 EST
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Global Warming and Energy Implications: ...
By Larry Bell
Jun. 18 2008, 3:44 EST
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Australasia’s Gas Liquefaction Plans
By David Wood
Jun. 16 2008, 3:45 EST
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How Big is Your Carbon Footprint?
By Mac Johnson
Jun. 10 2008, 3:49 EST
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Energy Tribune Speaks with Andrew Bacevi...
By Robert Bryce
May. 27 2008, 12:18 EST
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Brazil’s O.G.X. Makes Aggressive Start D...
Randy Woods
Aug. 22 2008, 12:08 EST
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Venezuela Looking at Service Sector
By Randy Woods
Aug. 18 2008, 11:37 EST
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In Cuba, It’s a Revolution, Revolution, ...
By Robert Bryce
Aug. 13 2008, 11:58 EST
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Brazil’s Santos Basin: Does Hype Match R...
By Randy Woods
Aug. 7 2008, 12:21 EST
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Obama Still Hasn’t Gotten the Memo
By Robert Bryce
Jul. 21 2008, 12:31 EST
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Mexico’s Ongoing Reform Battle
By Randy Woods
Jul. 16 2008, 11:13 EST
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Venezuelan LNG: Really!
By Randy Woods
Jul. 14 2008, 11:31 EST
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Brazil Revitalizing Shipyards
By Randy Woods
Jul. 14 2008, 11:29 EST
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Dead...and Overpaid
By Robert Bryce
Jul. 14 2008, 11:05 EST
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Investors Want More Petrobras Discoverie...
By Randy Woods
Jul. 9 2008, 12:11 EST
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Brazil, Paraguay In Electricity Feud
By Randy Woods
Jun. 18 2008, 3:45 EST
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Ecuador’s Bumpy Road to a New Oil Future
By Randy Woods
Jun. 16 2008, 3:53 EST
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E.U. Rethinking Biofuels Usage
By Andres Cala
Jun. 12 2008, 3:43 EST
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European Oil Growth Flat Through 2020
By Andres Cala
Jun. 10 2008, 4:47 EST
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Eni-Gazprom Partnership: Is Russia Warmi...
By Andres Cala
May. 27 2008, 12:08 EST
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E.On Unbundling Emboldens E.U. Commissio...
By Andres Cala
May. 19 2008, 12:49 EST
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Europe’s Diesel Hunger
By Andres Cala
May. 12 2008, 12:50 EST
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EdF Lurks Around Iberdrola, M&A Acti...
By Andres Cala
Apr. 18 2008, 12:37 EST
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Solar Power Boom Continues in Europe
By Andres Cala
Apr. 16 2008, 11:43 EST
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E.U. Chasing Energy Efficiency
By Andres Cala
Apr. 10 2008, 12:41 EST
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Europe Looks to LNG
By Andres Cala
Mar. 20 2008, 10:30 EST
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Repsol Shedding YPF
By Andres Cala
Mar. 18 2008, 11:16 EST
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Norway Lowering Output to Gas-thirsty Eu...
By Andres Cala
Mar. 13 2008, 11:37 EST
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Spain and Italy to Spend $10B on Carbon ...
By Andres Cala
Feb. 12 2008, 12:07 EST
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Gas Production Down in Russia
By Robert Bryce
Jun. 20 2008, 3:49 EST
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$2.5 Billion for Russia’s First Sub-sea ...
By Pavel Romanov
Jun. 12 2008, 3:41 EST
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Production and Exports Drop in Russia
By Pavel Romanov
May. 29 2008, 12:51 EST
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Russneft Pays Back Taxes
By Pavel Romanov
May. 27 2008, 12:10 EST
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Lukoil Trimming U.S. Retail
By Pavel Romanov
May. 19 2008, 12:50 EST
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Rosneft Passes Lukoil On Output, Not Pro...
By Pavel Romanov
May. 12 2008, 12:55 EST
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Sakhalin-1 Output Drops
By Pavel Romanov
Apr. 24 2008, 12:49 EST
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Gazprom Investing in the Ethanol Scam
By Pavel Romanov
Apr. 22 2008, 12:59 EST
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U.E.S. Sells Assets to Finns for $3 Bill...
By Pavel Romanov
Apr. 18 2008, 12:39 EST
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Unprofitable East-Siberian Pipeline
By Pavel Romanov
Apr. 16 2008, 11:49 EST
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Russia’s Electric Sector Going Private?
By Pavel Romanov
Apr. 10 2008, 12:44 EST
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COSL Gets Denied by Russian Government
By Pavel Romanov
Mar. 25 2008, 11:46 EST
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Qatar/Saudi Thaw Could Mean Gas for Kuwa...
By Andres Cala
Aug. 18 2008, 12:03 EST
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New Iraq Army Battalion to Speed Pipelin...
By Andres Cala
Aug. 18 2008, 11:44 EST
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ConocoPhillips Wins $10B Sour Gas Contra...
By Andres Cala
Aug. 13 2008, 12:01 EST
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Iran to Double Refining Capacity
By Andres Cala
Jul. 21 2008, 12:30 EST
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U.S. Monitoring CNOOC-Iran Deal
By Lee Geng
Apr. 16 2008, 11:50 EST
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Europe Needs Iranian Gas
By Andres Cala
Apr. 10 2008, 12:48 EST
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Guangdong’s Middle East Link
By Lee Geng
Mar. 13 2008, 11:45 EST
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Aramco Chief Debunks Peak Oil
By Peter Glover
Jan. 17 2008, 11:05 EST
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Energy Companies Defy Iran Sanctions
By Peter Glover
Jan. 15 2008, 12:48 EST
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The Middle East's Struggle for Electrica...
By Peter Glover
Dec. 18 2007, 1:23 EST
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ADNOC Slashes Oil Output
By Peter Glover
Nov. 19 2007, 12:46 EST
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A Persian Gulf Free-Trade Zone?
By Peter Glover
Nov. 16 2007, 12:52 EST
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Plastic Bags and Black Lungs
By Lee Geng
Aug. 7 2008, 12:26 EST
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More Subsidies for PetroChina, Sinopec
By Lee Geng
Jun. 20 2008, 3:48 EST
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China’s Power Sector Profits Sag
By Lee Geng
Jun. 18 2008, 3:47 EST
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China Keen to Participate In IPI Pipelin...
By Lee Geng
Jun. 18 2008, 3:46 EST
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China’s 1Q Oil Use Hit All-Time High
By Lee Geng
Jun. 16 2008, 3:48 EST
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Upstream Targets Set for China
By Lee Geng
Jun. 10 2008, 4:46 EST
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Gas Use Surging in China
By Michael J. Economides and Lee Geng
May. 27 2008, 12:17 EST
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E.U. Study Selects Chinese CBM Developme...
By Lee Geng
May. 19 2008, 12:52 EST
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Would You Buy PetroChina’s Shares?
By Lee Geng
May. 12 2008, 12:59 EST
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Subsidizing Power in Guangdong
By Lee Geng
Apr. 22 2008, 1:03 EST
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Beijing Clearing Air Ahead of Olympics
By Lee Geng
Apr. 18 2008, 12:41 EST
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LNG Deals Speed Terminal Projects
By Lee Geng
Apr. 16 2008, 10:43 EST
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Violence Flares in Malaysia as Fuel Subs...
By Neil Hickey
Jul. 16 2008, 11:12 EST
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Vietnam Slashing Coal Exports, Repercuss...
By Neil Hickey
Jul. 9 2008, 12:15 EST
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Vietnam’s Ongoing Power Shortage
By Neil Hickey
Jun. 16 2008, 3:50 EST
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Malaysia’s $5 Billion Oil Development De...
By Neil Hickey
Jun. 10 2008, 3:49 EST
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Cambodia Ramping Up Hydro
By Neil Hickey
May. 19 2008, 12:56 EST
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Thailand Building More Gas-Fired Power P...
By Neil Hickey
May. 12 2008, 1:02 EST
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Chevron Facing Environmental concerns in...
By Muhammad Abdul Hameed
May. 2 2008, 1:08 EST
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Thailand Says Burma Open for Business
By Neil Hickey
May. 1 2008, 12:10 EST
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Energy Consumption in Pakistan
By Robert Bryce
Feb. 15 2008, 12:39 EST
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Dam Pakistan
By M. A. Hameed
Feb. 13 2008, 11:31 EST
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The Pakistan Fuel Connection
By Robert Bryce
Feb. 12 2008, 11:52 EST
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Southeast Asia’s Exploration and Product...
By Sarah Belfield
Jan. 17 2008, 1:14 EST
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India: Catching More Rays
ET Staff
Aug. 23 2007, 11:05 EST
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Indian Coal on Upswing
By ET Staff
Aug. 21 2007, 2:28 EST
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India's Gas Reserves Deflate
By ET Staff
Aug. 17 2007, 12:23 EST
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Indian Coal Bed Methane Production Begin...
By ET Staff
Aug. 16 2007, 12:25 EST
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Indian Energy Firms Lay Out Big Plans
By Siddharth Srivastava
Jul. 23 2007, 12:39 EST
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Natural Gas Deals Pull India Closer to T...
By Siddharth Srivastava
Jul. 18 2007, 10:57 EST
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India's Carbon Credit Trading Expands
By Siddharth Srivastava
Jul. 16 2007, 12:38 EST
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Chevron-Reliance Partnership on a Roll
ET Staff
Jun. 18 2007, 11:44 EST
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ONGC-Mittal Partnership on the Rocks
ET Staff
Jun. 14 2007, 12:45 EST
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Myanmar Natural Gas Going to China
ET Staff
Jun. 12 2007, 11:57 EST
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ONGC: Change is in the Air
ET Staff
May. 16 2007, 11:36 EST
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Reliance Focusing on Retail Exports
ET Staff
May. 14 2007, 1:01 EST
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Darfur and Beijing Olympics
By Lee Geng
Mar. 13 2008, 11:53 EST
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Why Europe Loves Qaddafi
Andres Cala
Feb. 12 2008, 11:59 EST
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CNOOC Eyes Caspian, Africa, Not Russia
By Lee Geng
Jan. 15 2008, 12:57 EST
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Pushing for African Oil to China
By Lee Geng
Jul. 16 2007, 12:41 EST
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African Crude Exports to U.S. Jump
ET Staff
Apr. 18 2007, 10:31 EST
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Violence Threatens Nigerian LNG Projects
ET Staff
Apr. 16 2007, 10:42 EST
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São Tomé: Still Waiting for Oil
ET Staff
Apr. 12 2007, 11:23 EST
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Eni Boosts Congo Presence
ET Staff
Apr. 10 2007, 11:44 EST
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Zambia Opts For Biofuel
ET Staff
Apr. 6 2007, 11:48 EST
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Africom: Terrorism? Or Oil?
ET Staff
Mar. 22 2007, 11:47 EST
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Russians in Angola for Oil & Gas
ET Staff
Mar. 19 2007, 9:36 EST
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Devon Pulling Out of Africa
ET Staff
Mar. 14 2007, 12:02 EST
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Malaysia Considers Nukes
By Neil Hickey
Jul. 9 2008, 12:18 EST
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Sergei Shmatko Nuking Russian Ministry
By Robert Bryce
Jun. 10 2008, 4:51 EST
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A Nuclear Indonesia?
By Neil Hickey
May. 19 2008, 12:59 EST
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British Energy Takeover and the Case for...
By Andres Cala
May. 12 2008, 12:46 EST
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Latin America on Verge of New Nuclear Ag...
By Randy Woods
Apr. 16 2008, 12:03 EST
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China's Nuclear Sector Beats Forecast
By Lee Geng
Apr. 10 2008, 12:58 EST
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Spain Poised to Embrace Nuclear
By Andres Cala
Feb. 12 2008, 12:02 EST
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Iran Offered A Nuclear Compromise
By Peter Glover
Jan. 21 2008, 12:59 EST
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Thailand’s Booming Energy Demand
By Sarah Belfield
Jan. 17 2008, 1:13 EST
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Iran and Russia: Nuclear Pals
By Pavel Romanov
Nov. 14 2007, 1:26 EST
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Europe's Fusion Hype Going HIPER
By Peter Glover
Nov. 12 2007, 1:11 EST
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An Islamic Nuclear Race?
By Peter Glover
Oct. 18 2007, 1:03 EST
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Oil prices fall below $118 on stronger d...
Aug. 22 2008, 11:59 EST
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90 Billion Barrels of Oil and 1,670 Tril...
Aug. 22 2008, 1:00 EST
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The Inexorable Comeback of Nuclear Energ...
Aug. 19 2008, 1:00 EST
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Pawlenty Derides Obama''s ''Minimalist''...
Aug. 19 2008, 1:00 EST
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New oil network may handle 18% imported ...
Aug. 19 2008, 1:00 EST
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Oil Falls on Speculation U.S. Consumptio...
Aug. 14 2008, 1:00 EST
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Georgia Says Russian Missiles Struck BP ...
Aug. 14 2008, 1:00 EST
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Iran visit to Turkey may prove unproduct...
Aug. 14 2008, 1:00 EST
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Ecuador wants to jointly explore, extrac...
Aug. 13 2008, 1:00 EST
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Brazil''s Petrobras reports 29 percent i...
Aug. 13 2008, 1:00 EST
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Gasoline costs, energy rivet candidates'...
Aug. 7 2008, 1:00 EST
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High oil prices spur demand for low ener...
Aug. 7 2008, 1:00 EST
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Oil prices fall below $118 on strong...
Aug. 22 2008, 11:55 EST
[Read More]
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90 Billion Barrels of Oil and 1,670 ...
Aug. 22 2008, 11:38 EST
[Read More]
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The Inexorable Comeback of Nuclear E...
Aug. 19 2008, 11:35 EST
[Read More]
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Pawlenty Derides Obama''s ''Minimali...
Aug. 19 2008, 11:32 EST
[Read More]
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New oil network may handle 18% impor...
Aug. 19 2008, 11:24 EST
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Oil Falls on Speculation U.S. Consum...
Aug. 14 2008, 10:09 EST
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Georgia Says Russian Missiles Struck...
Aug. 14 2008, 10:08 EST
[Read More]
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Iran visit to Turkey may prove unpro...
Aug. 14 2008, 10:05 EST
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Ecuador wants to jointly explore, ex...
Aug. 13 2008, 12:43 EST
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