Robert Rapier on the End of OPEC and Rise of Electric Vehicles

In a recent interview with Financial Sense’s Jim Puplava, energy expert Robert Rapier explained why he thinks OPEC (the Organization of Petroleum Exporting Countries) is headed for trouble and what the increased popularity of electric vehicles will do to oil markets. It’s only a matter of time before the markets are hit by the wave of newer cleaner energy. Rapier walked us through what this could look like for OPEC and how other countries and companies are tackling the issue. Continue reading

Gas Passes Coal As Top U.S. Power Source

Thanks to increased production of North American gas and new regulations limiting the use of coal, electric power generation in the United States now relies more on gas than on coal for the first time ever.

A recent report by the research firm SNL Energy, based on information from the Energy Information Administration, says gas generated about 31 percent of electric power in April, a small but historic one percent more than was generated by coal. Nuclear power accounted for only about 20 percent, the report says. Continue reading