Greetings from London.
Another interesting week in the energy world as BP released their latest Statistical Review of World Energy which reported large increases in oil production and consumption with both setting new all-time records. Consumption grew by 0.7% over 2010, to 88 million barrels per day and production was up 1.3% to 83.6 million barrels per day.
The figures also show a large increase in U.S. domestic oil production, with only Russia and Saudi Arabia producing more barrels per day.
Elsewhere the National Research Council made a controversial announcement that fracking causes fewer earthquakes than conventional oil and natural gas extraction techniques - you can find the report here.
We conducted a very interesting interview this week with corporate intelligence firm Jellyfish Operations on energy security, piracy and the growing threats to energy infrastructure. You can find the interview at: The Most Immediate Threats to Global Energy Security
In today’s special report our analysts take a look at the Master Limited Partnerships Parity Act which would extend MLPs to include energy-related investments beyond oil, natural gas, coal and pipelines. This could have a massive impact on the renewable energy sector and is something all energy investors should be aware of.
I hope you enjoy the report and have great weekends.
Friday, June 22, 2012
Posted by Michele Kearney at 6:45 PM