GLG News by Oil and Gas Industry Experts (Gulf of Mexico)

Wind power is an alternative that can help in the augmentation of reducing transport fuels from crude, however, it cannot produce energy independence. Every alternative should be developed and Pickens is making a very big business bet on wind.  He is in it for profit and the overriding factor...

Kate Galbraith in Oklahoma City reported in the July 26-27 issue of the International Herald Tribune that a mutiny is growing against U.S. energy policies that support ethanol as a transportation fuel. Consumers complain that ethanol reduces engine efficiency. Gasoline stations are catering to concerns...

Jad Mouawad in New York reported in the July 25 issue of the International Herald Tribune that the race for oil and gas north of the Arctic Circle is likely to accelerate in the near future. The melting polar ice cap will permit exploration in areas now covered by ice. A major geological survey indicates...

Senior Editor-Economics Marilyn Radler reported in the July 21 issue of the Oil & Gas Journal that the International Energy Agency in Paris had released its 2009 outlook for demand and supply. Demand is expected to rise by 860,000 bbl/day to 87.7 million bbl/day. OECD product demand will fall by...

The continuing decline of American influence in the world is a significant shift in geopolitics and represents an increasing danger to national and international security. The political catharsis and lack of leadership in the US is damaging our economic future but more worriesome is the lessening influence...

Andrew E. Kramer in Moscow reported in the July 19-20 issue of the International Herald Tribune that BP was closer to losing control of its joint venture with TNK. Four billionaire Russian investors wish to oust the CEO Robert Dudley, a BP appointee. The Russians say they will not stop until BP agrees...

Reuters in Paris reported in the July 17 issue of the International Herald Tribune that Suez and Gaz de France shareholders approved the merger of the two companies. The combined firm with annual sales of $117 billion begins operations on July 22. It will compete with Germany’s E.ON and France’s Electricite...

Paradigm shifts do not immediately show themselves. They move at glacial speeds and eventually catch and create great upheavals for the unprepared. US policy planners have failed for the past 30 odd years to look far enough into the future to avoid this first sign of a shifting paradigm that carries...

By all expert opinions the viability for hydrogen as a significant part of the transport fuel equation is at least 20 years away. That should not be a reason to slow development otherwise, 20 years from now when we are going to have significantly higher need for this fuel source to offset more...

Judy Dempsey in Berlin reported in the July17 issue of the International Herald Tribune that European energy firms are competing for oil and gas reserves in Algeria and Libya, to reduce reliance on Russia. Gazprom recently opened an office in Algeria. StatoilHydro is helping Sonatrach, Algeria’s national...