The Energy Prices at Risk with Scottish Independence

by | published September 16th, 2014

This isn’t the first time the devolution movement has threatened to break up the United Kingdom.

Scotland and Wales were considering their independence when I was living in London and lecturing at the London School of Economics almost forty years ago.  

These days it seems like “déjà vu all over again.”

On Thursday, there will be a vote in Scotland to decide whether it will separate from the rest of the UK, and the latest polls are too close to call.

On the previous occasions, London always provided some concessions and the moves to break away failed. This time, however, the drive for an independent Scotland is better organized, led, and financed.

Either way, the latest vote appears to be a tight one.

For the government, Scottish independence would be a direct rejection of Prime Minister David Cameron. Yet on the other side of the aisle, the Labour Party would lose a significant number of Scottish seats in the UK Parliament, reducing its chances of unseating the Conservative-Liberal coalition anytime soon.

And there are numerous implications for the energy sector throughout if the vote succeeds…

Four Ways to Play the Permian Basin Oil Boom

by | published September 14th, 2014

They called the Permian Basin the mother of all busts and buried it three decades ago.

Thanks to an oil glut, the market crash of 1982, and a downturn that chased most of the major energy companies out of the region, banks went bust and one-time oil barons became car salesmen.

Oil fields turned to cotton farms, and oil rigs were left to rust.

“In 1983, they thought the oil industry in Texas was done,” recalls Doug Robison, president of the Permian Basin Petroleum Association.

They couldn’t have possibly been more wrong…