Oil
February 23, 2022
Russia Ukraine tension leads to Higher Fuel Price Oil prices continue to rise owing to the geopolitical tensions globally. The ongoing strife between Russia and Ukraine […]
April 29, 2020
Waste Cooking Oil Collection In this age of severe environmental degradation and pollution, everyone is in the search for an alternative energy source. An energy source […]
December 24, 2018
Cooking oil is one of the most widely used products in the kitchen. From homes to restaurants and food companies, this one product is necessary to […]
October 3, 2017
Large Indian government-owned retailers are facing a difficult future with the advent of Electric Vehicles threatening their business models in the medium term. Indian Oil Corporation, […]
March 30, 2017
Mega-Mergers In Indian Oil Industry The Indian government plans to merge its massive leviathan oil and gas corporations such as ONGC, OIL and others in order […]
October 14, 2016
India’s oil and gas sector remains moribund with new polices falling flat India’s energy sector particularly the coal and solar sectors have been on a roll […]
March 25, 2016
Saudi Arabia might face a downturn with falling Oil Saudi Arabia is the world’s largest exporter of oil and gas products and has been so for […]
November 17, 2015
Exxon, Chevron, BP, Shell, Total and others are being alleged to have suppressed information related to climate change and funding studies and researches, which debunked global […]
August 27, 2013
India and Iran tiff over Oil Tanker Despite India’s large size and huge army, the country’s leadership remains weak kneed and soft. The country has been […]
June 2, 2013
Crude Oil Crude oil prices has hovered somewhere close to $110a barrel for past one year, however the price dipped below $100 in the recent past […]
May 6, 2013
As oil prices continue to fluctuate at high rates, green investing has been looked at by a great number of people. Since oil is a commodity […]
April 26, 2013
Buy Engineers India Limited Engineers India Limited is a stock which saw significant correction recently. In the past few trading session, the stock corrected when the […]
April 12, 2013
Natural Gas from Fire Ice India is a land of diverse culture, huge population, slow development, medium standard of living. Majority of its people are employed […]
February 22, 2013
When talking of the commodities we should not forget the most important Non Agri Commodity which is Crude Oil, Thermal Coal, Brent Crude Oil, Gasoline, Natural […]
February 21, 2013
Global Warming Is Global Warming Real Global warming is very real – retreating glaciers, shrinking ice caps, expanding deserts and changed animal migration provide undeniable visible […]
February 19, 2013
ONGC Oil and Natural Gas Corporation Limited or ONGC as it is known commonly is Indian state-owned oil and Gas Company. ONGC produces around 77% of […]
November 10, 2012
What is Crude Oil Crude oil is a naturally occurring substance found in certain rock formations and below water bodies. Oil is a compound containing carbon […]
July 13, 2012
While Shale Gas extraction continues unabated in the USA leading to a massive oversupply and a price crash in natural gas, the environmental dangers continue to […]
June 2, 2012
About Short Oil ETFs – Investing in Oil ETF is an easy way to invest in oil without hoarding oil barrels in one’s warehouse. Oil companies […]
May 27, 2012
Oil 3x ETFs are leveraged Exchange Traded Funds designed to seek daily investment results, before fees and expenses, of 300% of the performance of the benchmark […]
May 23, 2012
Saudi Arabia has recently unveiled a new plan to add almost 40 Gigawatts of solar power over the next 20 years investing more than $100 billion. […]
July 7, 2011
Oil is one of the most important commodities in the world playing an important part in some of the biggest industries like chemicals,transport,power,petrochemicals etc.The high energy density and easy availability have made mankind almost completely dependent on oil for most of his needs.Almost all of the world's cars run on petrol /gasoline which is derived from crude oil.Despite new evidence that burning oil leads to massive pollution and greenhouse warming nothing had been done to prevent its usage growth.In fact each year billions of barrels of oil are burned to power cars,ships,trains etc.Some countries use oil to power electricity as well though that has been decreasing as oil prices have increased substantially in recent years.The massive oil dependency has been decried by politicians for a long time but little has been done to reduce it.Powerful oil lobbies run by massive industrial conglomerates like Exxon,Chevron,BP etc. have managed to kill legislation which would reduce the subsidies to the fossil fuel industry.The BP Oil Spill after creating a massive hue and cry has faded from the public mind and its now business as usual for the Oil Industry.The only way Oil usage can be reduced it seems is when the world runs out of oil and the prices become too high for most people to use it.
June 30, 2011
Note Indian ministries and regulators have been found to be massively corrupt with the 2G Telecom Scandal facing the glare from the Supreme Court .Huge loss has been caused by ministers,corporate CEOs and various politicians a number of which are in jail right now.The CAG report had said that Reliance had doubled its cost in the KG-6 Basin leading to a huge loss for the Indian government.A number of other lapses (intentional) has been found by the DGH and the Ministry each time favoring the private oil and gas companies in India.Now the CBI has filed a case of corruption against the the former chief of the DGH V K Sibal for scuttling a probe by the Central Vigilance Commission (CVC) for showing undue favors to the private companies.Note India has been stuck by a number of scams in the stock market pertaining to mid cap and small caps.This has led to huge losses for investors with some companies like Reliance Telecom,Unitech having over 90% of their share values eroded.Reliance the biggest Indian company by market capitalization might be facing the same fate if the investigative agencies and the courts do their jobs.
June 21, 2011
Now India's Largest Company Reliance too has seen its stock fall to a post Lehman low on concerns that it has colluded with the Oil Regulator and Ministry to gold plate its costs in the KG 6 Gas concession.Reliance is India's biggest oil and gas company with interests throughout the supply chain.Note its nothing new as Reliance has always been known to be the most powerful corporate in India .However with the government's own auditing department CAG raising allegations of collusion and corruption,Reliance too may find itself snared in the corruption scandal.Note the infamous Nira Radia tapes had ample proof of how the powerful Reliance group manages the appointment of its favored persons in key federal ministries.The company must now by hoping that the Supreme Court which is already preoccupied with a ton of corruption cases does not take a keen interest and gets the CBI to investigate the allegations.
June 1, 2011
Indian Telecom Companies are using more than $500 million in fuel subsidies meant for the poor and generating more than 6 million tons of carbon dioxide every year by using diesel gensets at telecom towers not connected to the grid.Note the Telecom Industry in India has not exactly covered itself with glory on other matters with the 2G Telecom Scam already putting top executives in jail and implicating top telecom companies as well.The issues of massive fuel wastage in telecom towers has been raised in the past in greenworldinvestor as telecom tower companies viom,gtl,airtel and others have tried to put lipstick on the pig by making a mockery of green initiatives by committing to convert only a minuscule number of total towers to renewable energy.
May 3, 2011
Grantham has made a famous call that the rise in commodities is not a cyclical phenomenon but a secular long term one.He says that the rise in commodity prices is different from the past.Note Grantham has done an extensive study of bubbles and is one of the leading minds in the investment community.While every time in the past,the statement "this time is different" has led to a crash,Grantham's call cannot be taken lightly.He says that the rise in population,shortage of resources,the growing consumption power of massive chunks of prosperous citizens in India and China will lead to a continued surge.Note commodity prices have declined secularly in the last century and since 2000 have managed to erase all their losses to form new peaks.Grantham also says there is a possibility of a massive short term decline which will give a historic opportunity to load on commodities.Jim Rogers is the most famous commodity bull and now Grantham has joined him.Note famous hedge fund managers have already made huge bets on gold and are winning currently.Note CIA and German Military are already on the record for calling Peak Oil which would lead to a drastic fall in living conditions worldwide as the global growth fueled by cheap fossil fuels sees an end
April 22, 2011
India's Oil and Gas Industry has an interesting mix of Oil & Gas companies from the government and private sector.Except for some companies providing ancillary and drilling services,most of the companies are huge with billion dollar balance sheet and huge operations as is the case with the Oil and Gas Industry worldwide.Except for Reliance Industries,the upstream sector of oil and gas production and distribution is dominated by government owned companies which are heavily regulated.Despite attempts at liberalizing the APMC and the operations of the PSU Oil Companies,HPCL,BPCL and IOC run billions of dollars in losses as they are forced to sell oil and gas products at below their cost.The government's policies are mostly ad-hoc compensating these companies through bonds and money transfers.It is quite strange as the minority investors are forced to pay for government subsidies for energy.India's Oil Subsidies has led to the flourishing of a massive Oil Mafia which does not think twice before killing government officials and has led to poor outcomes for the country.Despite this government stupidity,some government companies like GAIL,OIL India and ONGC which operates in the production and have to bear less of the subsidy burden have grown and performed admirably.In the private sector companies like Reliance,Aban,Great Offshore,Essar have managed to grow rapidly as well with varying degrees of success.Here is the list of the major Oil and Gas Companies in India.
April 6, 2011
Islands mostly are depended on diesel generators for their electricity requirements which is considerably costlier than the normal coal,hydro,gas and nuclear forms of energy.Unless you are Saudi Arabia and can get oil at $4/barrel,the price of electricity from oil based energy sources is one of the costliest.Hawaii in USA pays around 30c/KwH for electricity because of the high cost of transporting and buying fossil fuels for its power plants.These islands have a huge incentive in moving towards renewable energy because it not only reduces costs,carbon emissions but also helps in energy security.Hawaii has installed a large number of wind farms,is building a big energy storage facility and promoting other alternative energy forms like solar as well.Hawaii Feed in Tariff has been implemented despite opposition by the utilities.
April 6, 2011
USA has been sorely lacking in the fight against Climate Change and Global Warming.Greenhouse Gas Emissions by the US has increased tremendously from 1990 the benchmark year when countries under Kyoto Protocol pledged to reduced their Carbon Emissions.However US has refused to do anything and has not even signed the Kyoto Protocol.The hopelessly rudderless leadership in the US has failed to pass any Clean Energy Laws like Cap and Trade ( not my favorite),Federal RPS etc.Some states have been showing proactive leadership like California despite massive opposition by the powerful oil and gas lobby (Valero,Koch Brothers).Their efforts are being stymied by the very rich who don't care about global warming as they can easily use their money to mitigate any affect on them and the powerful fossil fuel lobby with their thinktank puppets.