Nord Stream 2, the controversial Russian-German pipeline project, is generating fierce opposition in Central and Eastern Europe as well as from the European Parliament and the European Commission. But could the opponents of the pipeline, owned 50% by Gazprom and 50% by some of the largest Western European companies, stop the project? They may be able to follow a complex legal route that could place formidable obstacles in the way of the pipeline. … [Read more...]
$85 crude oil by Christmas – interview with Mike Rothman
The consensus among oil analysts is that oil prices will not recover anytime soon, but Mike Rothman, President and Founder of the US-based research firm Cornerstone Analytics, expects prices to more than double by the end of the year to $85 per barrel. According to Rothman, analysts like the International Energy Agency (IEA) are underestimating demand growth and inventories are not as high as most people think. Courtesy of Oilprice.com. … [Read more...]
Global coal power: capacity keeps going up, utilisation goes down
While the amount of electricity generated from coal has declined for two years in a row, and utilisation rates of coal power plants have been going down, energy companies continue to build new coal-fired generating plants “at a rapid pace, creating an increasingly severe capacity bubble”, according a new report based on the Global Coal Plant Tracker published by the NGO’s CoalSwarm, Sierra Club and Greenpeace. Worldwide the equivalent of 1500 … [Read more...]
Wind and solar’s Achilles heel: what the methane meltdown at Porter Ranch means for the energy transition
Utitlity-scale wind and solar power are typically backed up on-site by gas peakers, or backed up indirectly by gas-fired power plants. These gas plants lead to significant greenhouse gas emissions in the form of methane. So at what point does a renewable-plus-gas combination become worse for the climate than coal-fired power? Mike Conley and Tim Maloney, long-time members of the Thorium Energy Alliance, have calculated what they call a “Worth-It … [Read more...]
The world’s biggest oil bribery scandal
Last week, a sweeping investigative report published by The Huffington Post and Fairfax Media put a little known Monaco-based company, Unaoil, at the center of a wide-ranging bribery scandal that involved dozens of corporate giants from around the world. Nick Cunningham of Oilprice.com tells the story. … [Read more...]
The hypocrisy of French shale gas policy: France bans, imports and profits from shale
France has issued a radical ban on the exploitation of shale gas. Yet French companies ENGIE, in which the State has a large share, and EDF, which is 75% state-owned, will soon import and handsomely profit from shale gas imported from the United States, notes UK-based shale gas expert Nick Grealy. This is like banning sweatshops but importing cheap clothes made by child labour, says Grealy. … [Read more...]
The end of coal: good riddance or dangerous gamble?
Scotland has become the first part of the UK to stop burning coal to supply electricity following the closure of Longannet, its largest power station, on March 24. According to Paul Younger, Professor of Energy Engineering at University of Glasgow, the closure of coal-fired power plants in the UK may lead to serious problems with voltage control. Prepare for power interruptions and flickering lights. … [Read more...]
Wake up call for oil companies: electric vehicles will deflate oil demand
The major oil companies greatly underestimate the impact electric vehicles will have on their market, write independent energy advisors Salman Ghouri and Andreas de Vries. According to Ghouri and De Vries, the trends currently underway in the auto industry are likely to have a substantial impact on oil demand in the medium term, and even a devastating impact in the longer term. … [Read more...]
The oilman who loved dictators – or: how Texaco supported Fascism
Author Adam Hochschild tells the forgotten story of how Texaco and its CEO Torkild Rieber helped the Nationalists of General Franco achieve victory in the Spanish Civil War – and then went on to support Hitler. It serves as a chilling reminder of the power that oil companies have had – and still have – in shaping our world. Courtesty of TomDispatch.com. … [Read more...]
The German conundrum: renewables break records, coal refuses to go away
Last year was undoubtedly historic for the German power sector – for the first time in Germany´s modern history renewables accounted for a third of the country´s electricity consumption and secured their position as the number one power source defeating lignite (but not lignite and coal together). If nothing untoward happens and the Germans stick to their plans, bituminous coal and lignite will never be restored to their former glory, writes … [Read more...]
Barclays: Germany’s coal generation may be worthless by 2030
Reneweconomy.com The 46,000MW of black and brown coal fired generation currently in service in Germany will be worthless in little more than a decade if the country adopts the targets embraced at the Paris climate change conference, a new analysis from Barclays says. … [Read more...]
Carbon capture for natural gas as the missing climate solution
Natural gas with carbon capture and storage could be an ideal long-term cheap and reliable low-carbon energy source, writes Albert Gilbert, cofounder of US-based energy research platform Spark Library. Compared to coal, using carbon capture for natural gas is both cheaper and cleaner. However, much more needs to be done to make commercial development of natural gas with CCS possible. … [Read more...]
Oil won’t stage a serious rebound until this happens
Oil prices have shown signs of life over the past few weeks, as production declines raise expectations that the market is starting to adjust. But according to Nick Cunningham of Oilprice.com this price rally may be short-lived: prices won't recover until global inventories are reduced substantially. … [Read more...]
How much can the next president influence the US energy system?
There have been dramatic changes in the U.S. energy system under our current president – a big drop in the use of coal, a boom in domestic oil and gas development from fracking, and the rapid spread of renewable energy. But in terms of influencing energy technology deployment, the next president will have a lot less influence than you might expect, writes Carey King, Research Scientist at the University of Texas. … [Read more...]
US shale oil: the day of reckoning will come
The financial state of the US shale oil industry is much worse than the still impressive production figures would lead us to believe, writes energy expert Jilles van den Beukel, a former geophysicist with Shell. Shale oil producers and investors have managed to postpone the day of reckoning, but the fundamentals of the industry make a shake-out inevitable. … [Read more...]
- « Previous Page
- 1
- …
- 33
- 34
- 35
- 36
- 37
- …
- 54
- Next Page »
![](https://energypost.eu/wp-content/themes/dynamik-gen/images/content-filler.png)