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Nick Cunningham

Contributor since: 04 Nov 2013

Nick Cunningham

Nick Cunningham is an independent journalist, covering oil and gas, energy and environmental policy, and international politics. He is based in Portland, Oregon. 

Latest articles from Nick

  • Second Covid Wave Could Send Oil Prices Into “Tailspin”

    Published 05 July 2020 | viewed 39,702 times

    Oil prices hit a four-month high on Thursday, pushed higher by supply restrictions and a global rebound in demand. However, the accelerating spread of the…

  • Goldman Sachs: Prepare For A Global Consolidation Of Refineries

    Published 02 July 2020 | viewed 28,465 times

    A wave of new oil refineries coming online in the Middle East and China will knock others offline, ushering in a period of consolidation, according…

  • Are Oil Bulls In For A Disappointing July?

    Published 01 July 2020 | viewed 33,954 times

    The oil market continues to tighten, but the surge of coronavirus cases in the U.S. could derail the rally in crude prices.  OPEC+ can claim…

  • Big Oil’s Nightmare Is Coming True

    Published 30 June 2020 | viewed 110,586 times

    Royal Dutch Shell said that it could cut the value of its oil and gas assets by as much as $22 billion, as it takes…

  • How The Fed Bailed Out U.S. Oil And Gas

    Published 29 June 2020 | viewed 34,419 times

    The Trump administration has taken dozens of actions during the Covid-19 pandemic to benefit the oil and gas industry, such as opening new lands for…

  • Natural Gas Price Plunge Could Soon Lead To Shut-Ins

    Published 28 June 2020 | viewed 59,560 times

    Natural gas prices plunged to new lows this week, falling below $1.50/MMBtu, a catastrophically low price for U.S. gas drillers.  The factors afflicting the gas…

  • COVID-19 Could Crush Argentina’s Shale Boom

    Published 25 June 2020 | viewed 13,303 times

    Holding some of the largest shale oil and gas reserves in the world, Argentina is often cited as the likely candidate for the next big…

  • Higher Oil Prices Ease Shale Panic, But Challenges Remain For Texas

    Published 24 June 2020 | viewed 24,777 times

    It will take years before U.S. shale production approaches pre-pandemic levels, if it ever does, according to an array of experts. Bloomberg surveyed top oil…

  • U.S. Shale Has Lost $300 Billion In 15 Years

    Published 23 June 2020 | viewed 35,291 times

    The U.S. shale industry peaked without ever making money.  Over the past decade and a half, the shale industry totaled $300 billion in net negative…

  • What's Next For Oil Prices?

    Published 22 June 2020 | viewed 53,363 times

    Crude oil has rebounded to $40 per barrel and hoping to stay there. Some analysts have come out with more bullish forecasts for the near-term,…

  • Taxpayers Are Footing The Bill For 100-Year Old Oil Wells

    Published 21 June 2020 | viewed 24,210 times

    Plugging old oil and gas wells may cost as much as ten times what the industry routinely estimates, according to a new report from Carbon…

  • Goldman: Clean Energy Investment Has Hit A Critical Point

    Published 18 June 2020 | viewed 21,726 times

    Global investment in renewable energy is set to surpass oil and gas for the first time ever next year, according to a new report.  Trillions…

  • When Will U.S. Shale Rebound To Pre-Pandemic Levels?

    Published 17 June 2020 | viewed 34,297 times

    The rebalancing of the oil market has been possible, in part, due to the sharp cutbacks in U.S. shale production. But what happens next for…

  • Oil Markets May Not Fully Recover Until 2022

    Published 16 June 2020 | viewed 33,871 times

    Oil demand may not recover to pre-pandemic levels until 2022 at the earliest, according to a new report from the International Energy Agency (IEA). The…

  • The ‘’Second Wave’’ Of COVID-19 Could Crush Oil Markets

    Published 15 June 2020 | viewed 52,366 times

    The oil price rally may have come to an end, with the long-feared “second wave” of coronavirus infections having now arrived, posing renewed threats to…

  • U.S. Gas Drillers Face A Major Problem

    Published 09 June 2020 | viewed 26,912 times

    The natural gas industry is rapidly losing ground in the U.S. Northeast, beaten back by renewable energy, environmentalists, and stricter climate policy.  Massachusetts Governor Charlie…

  • Trump Issues Emergency Executive Order On Pipelines

    Published 08 June 2020 | viewed 38,736 times

    On Thursday, President Trump signed an executive order that guts environmental protections for new mines and pipelines, using an “emergency” declaration. Citing the economic emergency…

  • Will U.S. Shale Ever Return To Its Boom Days?

    Published 07 June 2020 | viewed 58,345 times

    U.S. shale drillers are bringing back shut in production three months after the onset of the current downturn. But steep decline rates will increasingly take…

  • A Perfect Storm For Petrochemicals

    Published 04 June 2020 | viewed 23,271 times

    The oil majors have made huge bets on plastics and petrochemicals in recent years, but those investments look increasingly shaky following the COVID-19 pandemic and…

  • Are Investors Ignoring The Largest Financial Risk Ever?

    Published 03 June 2020 | viewed 31,099 times

    Financial markets are vastly underestimating the financial risk from climate change, according to the International Monetary Fund.  Global temperatures have already increased by 1.1 degrees…

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