Thị trường dầu toàn cầu ngày càng không sinh lời đang kéo giá nhiên liệu xuống mức thấp lịch sử và làm thất thoát các khoản đầu tư vào năng lượng truyền thống. Phá vỡ thông lệ, dầu giá rẻ không còn là dấu hiệu thảm hoạ đối với các công ty năng lượng tái tạo. Ngược lại, các nhà đầu tư vỡ mộng với nhiên liệu hoá thạch giờ đang tìm kiếm các cơ hội tăng trưởng cao – vừa đúng lúc để đắc lợi từ làn sóng năng lượng tái tạo diễn ra sau các cuộc đàm phán khí hậu tại Paris năm 2015.
worldwatch –Bất ngờ tụt xuống 27 đô la một thùng vào tháng hai, giá dầu thô đã chạm đến mức thấp nhất trong hơn 13 năm, kể từ khi Mỹ tiến hành xâm lược Iraq vào năm 2003. Dù hồi phục nhẹ vào tháng ba nhờ sản lượng được dự đoán sẽ sụt giảm, các nhà đầu tư vẫn hoài nghi nền tảng thực chất của thị trường dầu và đang giảm dần kỳ vọng. Việc dầu bán ở giá thấp như này đã kéo giá cổ phiếu của các công ty năng lượng truyền thống lớn được liệt kê trong Chỉ số Standard & Poor’s 500 xuống 13% và khiến các nhà đầu tư mất đi hơn 703 tỉ đô la so với thời kỳ giá dầu cao kỷ lục vào tháng 6/2014. Tiếp tục đọc “Từ điềm xấu đến cơ hội: Dầu giá rẻ thúc đẩy đầu tư năng lượng bền vững như thế nào”
An increasingly unprofitable global oil market is driving fuel prices to historic lows and hemorrhaging investment in conventional energy sources. Breaking with tradition, cheap oil no longer foretells disaster for renewable energy companies. On the contrary, disillusioned fossil fuel investors are seeking high-growth opportunities—just in time to ride the renewables wave in the wake of the 2015 Paris climate talks.
worldwatch – Crashing out in February at $27 per barrel, crude oil prices have reached their lowest point in over 13 years, since the 2003 U.S.-led invasion of Iraq. Despite a modest recovery in March driven by expectations for reduced production, investors remain skeptical of underlying oil market fundamentals and are reducing their exposure. These selloffs have dragged down the stock prices of large conventional energy companies listed in the Standard & Poor’s 500 Index by 13 percent and have cost investors more than $703 billion since the record-high oil prices of June 2014.
Responding to these selloffs, oil companies have tightened their belts, decommissioning two-thirds of their rigs and sharply cutting investment in oil field exploration and development, while an estimated 250,000 oil workers have lost their jobs. A Wood Mackenzie report identified 68 major oil and natural gas projects—representing a combined value of $380 billion and output of 2.9 million barrels of oil equivalent (boe) per day—that have been put on hold since late 2014. Besides reducing operating costs, oil companies hope that these measures will have a stabilizing effect on the market by reducing productive capacity in the medium to long term. Tiếp tục đọc “From Omen to Opportunity: How Cheap Oil Is Accelerating Sustainable Energy Investment”
Politico -For months, American drivers have been greeted at gas stations with a pleasant surprise: Gas prices have fallen by half, dropping an average of more than $2 a gallon since their most recent peak in 2011. President Barack Obama took a moment to bask in the credit last week in his State of the Union speech: “Gas under two bucks a gallon ain’t bad,” he said.Or maybe it is. Behind that drop is an even bigger collapse in the price of oil, from more than $100 a barrel in 2014 to under $27 this week. On Tuesday, the Dow fell 250 points amid fears about what will happen if the price of oil continues its slump, which will have effects far beyond consumers, beyond even the global market.
Oil prices drive not just economics, but geopolitics. Alliances rise and fall over petroleum. Expensive oil props up governments in Russia and Iran, provides stability in Middle Eastern countries and also offers a revenue stream to extremist groups in Nigeria and Iraq. Domestically, high-priced oil spurs innovation in alternative energy; it has also driven America’s shale boom. For all these reasons and more, the collapsing value of oil will have profound consequences around the world, with the potential to destabilize regimes, remake regions and alter the global economy in lasting and unforeseen ways. Tiếp tục đọc “The Hidden Consequences of the Oil Crash”
Low energy prices ought to be a shot in the arm for the economy. Think again Jan 23rd 2016 | From the print edition Timekeeper
economist – ALONG with bank runs and market crashes, oil shocks have rare power to set monsters loose. Starting with the Arab oil embargo of 1973, people have learnt that sudden surges in the price of oil cause economic havoc. Conversely, when the price slumps because of a glut, as in 1986, it has done the world a power of good. The rule of thumb is that a 10% fall in oil prices boosts growth by 0.1-0.5 percentage points.
In the past 18 months the price has fallen by 75%, from $110 a barrel to below $27. Yet this time the benefits are less certain. Although consumers have gained, producers are suffering grievously. The effects are spilling into financial markets, and could yet depress consumer confidence. Perhaps the benefits of such ultra-cheap oil still outweigh the costs, but markets have fallen so far so fast that even this is no longer clear.
The new economics of oil
The world is drowning in oil. Saudi Arabia is pumping at almost full tilt. It is widely thought that the Saudis want to drive out higher-cost producers from the industry, including some of the fracking firms that have boosted oil output in the United States from 5m barrels a day (b/d) in 2008 to over 9m b/d now. Saudi Arabia will also be prepared to suffer a lot of pain to thwart Iran, its bitter rival, which this week was poised to rejoin oil markets as nuclear sanctions were lifted, with potential output of 3m-4m b/d. Tiếp tục đọc “Who’s afraid of cheap oil?”