Fossil fuel is sort of a dirty word in environmental circles, but it still comprises over 80% of the world’s energy consumption. This week on Sea Change Radio, oil expert Daniel Dicker explains the complex role that oil and gas plays in the world’s economy. First, we take a look at the recent OPEC meetings and the effect that they’ll have on oil prices moving forward, then we get a snapshot of the challenges that the major oil producing countries face today. Lastly, we get a glimpse into how oil markets are reacting to the inevitable transition to renewable energy.
Some energy analysts predict that the past year’s downward trend in oil prices will continue. Our guest this week on Sea Change Radio, energy expert Dan Dicker, disagrees. He thinks that the price of oil will inevitably rise again, and sooner than many of his colleagues believe. Dicker comes on this week to explain his prediction and why he thinks a little more pain at the pump might, in the long run, be a good thing.
It comes as little surprise that the author of a book entitled Snake Oil: How Fracking’s False Promise of Plenty Imperils Our Future is a critic of the natural gas industry and a proponent of peak oil theory. With the recent plunge in oil prices, it feels like the right time to check back in with Richard Heinberg of the Post-Carbon Institute and get his perspective on how plunging oil prices will affect the energy and transportation industries. Read the show transcript
Last week we spoke with energy analyst Dan Dicker about the reasons behind the sudden drop in oil prices and the potential impact this could have on energy markets and on the geopolitical landscape. This week on Sea Change Radio, you’ll hear the second half of our discussion.Read the show transcript
When it comes to global oil markets, the one thing that everyone agrees on is that it’s complex. The recent plunge in oil prices has many of us searching for explanations: Why has the price of oil dropped from over $100 a barrel to $55 a barrel in less than a year? What are the geopolitical and economic implications of this drop? And what impact will these suddenly low prices have on other energy industries, both carbon-based and renewable? Read the show transcript