News Oil 

Oil’s Boom-and-Bust Cycle May Be Over. Here’s Why

“The traditional boom-and-bust cycles of oil prices may be gone forever, replaced by less extreme price fluctuations that are more difficult to predict” reports hbr.org. That means difficult decisions lie ahead for independent shale producers, national oil companies, and the major integrated companies.In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA).More recently, Poland signed its first ever contract for US crude oil to diversify its supplies from Russia.These increasingly efficient survivors now…

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News Oil 

On Beauty: Small-Batch Botanical Oils, Made in Brooklyn

“Face and body oils became popular because of their unusual adaptability: They can effectively deliver moisture, vitamins and antioxidants to the face, body and hair” writes On Beauty for nytimes.com. Given their plant-based origins and promise of holistic health, the tendency is to imagine that these oils are made as close to nature as possible.Bouchardy, a self-proclaimed “ingredients obsessive,” makes scented oils that are just that — scents. Source: nytimes.com Share This:

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How Olive Oil Became Green Gold

“Olive oil is not what you think it is” writes Nicola Twilley for theatlantic.com. Olive oil was so critical to Greek and Roman culture that wars were fought over it and fortunes made, much like the petroleum sheikhs of today.The demand was equally enormous: Olive oil powered lamps and preserved and enhanced food, and it was used as an all-purpose medicine, a contraceptive—even an aphrodisiac.We speak to Rodrigo Almeida, a professor of environmental science at the University of California, Berkeley, to find out how worried we should be about the…

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News Oil 

Don’t write oil’s obituary just yet despite rise of electric cars, IEA says

“Oil consumption and demand is expected to remain robust into the 2040s despite a diversifying global energy mix and the rise of electric car sales, according to the International Energy Agency (IEA)” writes Holly Ellyatt for cnbc.com. In its annual World Energy Outlook 2017 report, published Tuesday, the IEA said that over the next two decades the global energy landscape would be reshaped by four major forces.”The United States is set to become the undisputed global oil and gas leader; renewables are being deployed rapidly thanks to falling costs; the…

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Total: Maersk acquisition on track; appoints execs

“Gretchen Watkins, the current Chief Executive of Maersk Oil, will leave the company when Total’s acquisition successfully closes” writes Dominic Chopping for marketwatch.com. Maersk Oil said Wednesday that its acquisition by Total SA TOT, -1.66% is on track for closure during the first quarter of 2018, while the French oil major has made its first management appointments to the future combined business. Source: marketwatch.com Share This:

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Coconut oil: It’s really not that good for you

“Unlike coconut oil, the healthfulness of olive oil is well tested by both tradition and science” writes Carrie Dennett for seattletimes.com. Studies of indigenous populations who consume a lot of coconut and have low rates of cardiovascular disease have also been used as evidence supporting coconut oil, but those populations eat coconut flesh or squeezed coconut cream — not the same thing.I’d known for a long time that coconut oil’s growing reputation as a health food was unearned and undeserved.I have a jar of virgin coconut oil in my pantry.Nothing…

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