fbpx

Energy Post

The best thinkers on energy

Interview geologist David Hughes: shale oil just a brief reprieve

by

Europe is looking with envy at the US shale revolution. UK Prime Minister David Cameron recently even said he was "pretty jealous" of the US, saying that the “huge benefits” of shale gas outweigh any “very minor change” to the landscape. In the US, however, the debate has moved ahead: although the economic benefits of the shale revolution are undeniable, the question is how long the shale oil and gas boom can last. Critical observers expect peak … [Read more...]

The Third Carbon Age

by

Most of us believe (or want to believe) that the second carbon era, the Age of Oil, will soon be superseded by the Age of Renewables, just as oil had long since superseded the Age of Coal.  But according to Michael Klare, professor of peace and world security studies at Hampshire College, and the author, most recently, of The Race for What’s Left, this is an illusion. In reality, the energy industry is pouring its historic profits into new … [Read more...]

Virunga: The real price of energy

by

In 2010, the Congolese Government of Kinshasa granted concessions to European companies to exploit oil near the border with Uganda. Exploration is only starting now in a context of civil war. But the area includes one of the world’s most exceptional nature reserves: Virunga National Park. Energy versus wildlife: the same story once again. The EU is financing a cost-benefit analysis to decide on a way ahead, but one conclusion is already clear: … [Read more...]

European shale gas: miracle or mirage?

by

Nick Grealy, energy consultant and proponent of shale gas, reflects on the battle for public perception of shale gas. A key problem, he says, is the speed of the change that has taken place. It has surprised many people. In fact, many people still fool themselves into thinking it can’t happen in Europe” . But according to Grealy, a European shale gas revolution is inevitable.  Photo: drilling rig in Marcellus play in US (by wcn247) … [Read more...]

EIB cleans up its energy lending policy

by

The European Investment Bank (EIB) intends to place stricter CO2 emission standards on coal power plants that it finances, but not as strict as the standards president Obama recently proposed in the US. The EIB is also considering investing in shale gas projects, according to a draft of its new energy lending policy. NGOs accuse the EIB of a “missed opportunity to politically reject coal”. With the EBRD and World Bank also mulling new investment … [Read more...]

How to profit from rising energy prices in Russia

by

Russia offers great potential for European companies to invest in energy efficiency, renewable energy and electricity production, writes Alexander Gusev of the German Institute for International and Security Affairs (Stiftung Wissenschaft und Politik). Rising prices in Russia stimulate energy-saving programs by companies and increase the populatiry of decentralized generation. But major problems, such as an incomplete legal basis and bureaucracy, … [Read more...]

ENTSOG’s big plan for the European gas market

by

European transmission system operators are building the network for the gas flows of the future – but will there be any gas flowing in Europe ten years from now? At a workshop in Riga in March 2013 organised by ENTSOG (the European Network of Transmission System Operators for Gas), representatives from the gas industry discussed the implications of ENTSOG’s Ten-Year Network Development Plan (TYNDP), which was adopted in February. The participants … [Read more...]

EU gets powerful mandate to regulate shale gas

by

The EU has received its strongest endorsement yet to push ahead and issue legislative proposals to control the extraction of shale gas: an official 3-month public consultation shows that “a large majority” of citizens believe Europe lacks adequate legislation on this front and that the EU should do something about it. The surprisingly strong support for enhanced EU oversight comes despite the fact that half the respondents come from Europe’s … [Read more...]

CCS: why the high hopes cannot be fulfilled

by

The only way to stimulate investment in industry while staying in line with CO2 reduction targets is to end coal plant construction in favour of renewable energies, argues independent energy consultant Jeffrey Michel. Carbon capture and storage (CCS) is just not going to deliver the goods. It is too costly and too risky. Photo: carbon dioxide sequestered in basalt (PNNL) … [Read more...]

Nuclear terror in the Middle East: lethality beyond the pale

by

An Israeli nuclear attack on Iran would result in unimaginable disaster, according to a new study. Nick Turse, managing editor of TomDispatch.com, points out that the risk of a nuclear war is still the gravest danger the world is facing today. “It’s a freight train coming down the tracks”. "In those first minutes, they’ll be stunned. Eyes fixed in a thousand-yard stare, nerve endings numbed. They’ll just stand there. Soon, you’ll notice that … [Read more...]