The UK government may be convinced that shale gas production is important to the country, it will need to convince the public too. Experience in Eastern Europe has shown that without a “social licence”, fracking will not get off the ground, writes Andreas Goldthau, Director of the Centre of International Public Policy in London and author of a new book on the politics of shale gas. … [Read more...]
The militarization of U.S. energy policy: Donald Trump enlists fossil fuels in the struggle for global dominance
As the recently published National Security Strategy shows, Donald Trump has turned the expansion of the U.S. fossil fuel industry and its exports into a major component of American foreign and security policy, writes energy expert and author Michael T. Klare. In the view of the Trump administration, anyone that stands in the way of American exploitation of oil, gas and coal resources is viewed as an obstructer of the national interest, notes … [Read more...]
New NASA study underscores urgency of solving the global methane problem
A new NASA study suggests methane emissions from fossil fuels may be responsible for half of the recent rise in global atmospheric methane concentrations, writes David Lyon of EDF Energy Exchange. He adds that reducing worldwide emissions of methane by the oil and gas industry would have no net cost and would have the same impact as closing all coal plants in China. … [Read more...]
Trump’s “America First” energy policy puts China ahead in energy
China has indicated it is set to launch a crude oil futures contract in yuan, which could be a significant step towards the de-dollarization of the global economy. It is a sign of China’s growing confidence – and the U.S.’s declining influence, writes Friedbert Pflüger, Director of the European Centre for Energy and Resource Security (EUCERS). According to Pflüger, President Trump’s “America First” policy is having the opposite effect: it is … [Read more...]
US shale oil: the limits to growth
With technological progress slowing down and financiers becoming more reluctant to invest, estimates of future US shale oil production are becoming more conservative, writes geophysicist Jilles van den Beukel. By the early 2020s, the ability of US shale oil to provide a ceiling on oil prices will be significantly diminished. … [Read more...]
Experts who sold the idea of oil exports proven very wrong very fast
Oil market experts all claimed that lifting the ban U.S. oil exports would not result in very large exports. They all turned out to be wrong very quickly, writes Justin Mikulka on DeSmog blog. American oil is even going to China these days. With devastating consequences for the environment and the climate. … [Read more...]
For Total, the Age of Oil is not over yet
The decision of the Maersk group to sell its oil and gas division is partly due to specific circumstances, but it is also a vote of no confidence in the future of the oil industry now that peak oil demand and US shale oil imply systematically lower profitability, writes geophysicist Jilles van den Beukel. But Total clearly feels there is still a future for low-cost conventional oil, particularly in politically stable countries like Denmark and … [Read more...]
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