Saturday, August 15, 2026
The World's Coming Mega-Population Centers and the Energy They Will Need

World Bank Raises its 2016 Oil Price Forecast to $41

Sees Global Glut Shrinking in 2016 Looking toward a receding global oil oversupply, the World Bank has raised its 2016 price target for oil to $41, up from $37. In its latest Commodity Markets Outlook report, the organization cites the effects of lower production from U.S. shale and disruptions in Iraq and Nigeria. The report, published quarterly, looks at global supply and demand

CNPC Profits Drop 52% in 2015

CNPC reports profit of $12.7 billion for full-year 2015 China’s largest oil and gas producer, China National Petroleum Corp. (CNPC), reported its full-year 2015 profit, showing a 52% decline year-over-year. The company reported $12.7 billion in total profit for the year, reports Shanghai Daily, and revenues of $308 billion, down 26% from 2014. The company produced 260 million metric tons

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Energy Wins: Ted Cruz Picks Carly Fiorina as VP Running Mate

Both support fracing, expansion of drilling on federal lands, ending federal government over-regulation It was announced by the Cruz campaign today. If the combination of Texas Senator Ted Cruz with former Hewlett Packard CEO Carly Fiorina as his VP running mate entices Republican voters and convention delegates to hand the pair the Republican nomination for U.S. president and vice president, here is