“When it comes to energy security in the long term, there is no better antidote than focusing on sustainable energy,” said EU Climate and Energy Commissioner Miguel Arias Cañete at the launch of a new EU energy security master plan in Brussels on 16 February. The Commission defended its proposals – which focus on safeguarding gas supplies – as an aid to moving Europe along to a low-carbon economy as well as preparing it for possible supply … [Read more...]
High time for a Western oil strategy
This is an ideal time for Western governments to put in place a strategy to ensure that oil will no longer lead us into war, writes Frank Vogl, co-founder of Transparency International. But a “Clean Trade Act” as advocated by Leif Weinar in his impressive new book on oil dictatorships won’t work. Better to proceed on a case-by-case basis. Courtesy The Globalist. … [Read more...]
How to stop the fossil fuel industry from wrecking our worldÂ
In spite of the Paris Agreement, the fossil fuel industry is carrying on much as before, writes famous author and activist Bill McKibben, founder of NGO 350.org. This is partly because of the influence Big Oil has, but also because there are no legal grounds – from a climate perspective – on which to stop projects. However, notes McKibben, citizen groups are increasingly resisting projects at the local level. Courtsey Tomdispatch.com. … [Read more...]
60 reasons why oil investors should hang on
The inevitable will occur: supply and demand will cross again and oil prices will recover, writes Dan Doyle of Oilprice.com. Doyle presents an upbeat view of the oil market – from the perspective of the oil industry. He just hopes the recovery will be orderly and not end in a mess. … [Read more...]
EU takes on gas in first battle for European Energy Union
The European Commission is heading for a full-on confrontation with Member States with a new set of proposals on gas security of supply: Â a fresh attempt by Brussels to impose a truly European policy. According to leaked drafts obtained by Energy Post, the Commission will demand more oversight on gas deals with foreign countries and suppliers, and look to replace national gas policies with regional ones. There will also be a first-ever LNG and … [Read more...]
Why the new Saudi oil policy is likely to succeed
Many observers have been surprised by the willingness of Saudi Arabia to let the oil price collapse. But according to geophysicist and former geoscientist at Shell, Jilles van den Beukel the policy of the Saudis makes perfect sense. What is more, it is likely to succeed. … [Read more...]
UK government must save North Sea oil and gas sector
The UK government is abandoning the North Sea oil and gas sector to its fate, despite the fact that there is still enough oil and gas in place in the region to generate the same amount of revenue that has been reaped up to now, argue Alex Russell and Peter Strachan of Robert Gordon University. They advocate that full control of energy and oil within the Scottish section should go to the Scottish government, so that at least this part can be … [Read more...]
Interview Christoph Frei, Secretary General World Energy Council: “The key message from Paris: be part of the innovation frontier”
The key message of the Paris Climate Agreement is that the energy sector should be part of the drive towards renewable energy and part of the “innovation frontier”, says Christoph Frei, Secretary-General of the World Energy Council, the largest global network in the energy business, with member committees in over 90 countries. “The long road from Paris is to build on the best technology, to develop and deploy innovation. If you are not on the … [Read more...]
The oil pricequake will doom the global political order
Given the centrality of oil and oil revenues in the global power equation, it is inevitable that depressed oil prices will doom the current global political order, writes Michael T. Klare, a professor of peace and world security studies at Hampshire College. Political turmoil is already raging across the oil heartlands of the planet – and the tremors from the oil pricequake have yet to reach their full magnitude, notes Klare. … [Read more...]
Gasland EU: upcoming energy security package is all about gas
The European Commission’s first big energy initiative in 2016 will be a “winter package” on energy security, due in February. This will revise EU legislation on security of supply for gas and electricity, propose to give the Commission a greater role in international gas buying deals and set out new strategies for LNG and energy storage, and heating and cooling. Sonja van Renssen explains what’s at stake. … [Read more...]
How OPEC could regain control of the oil price
The US shale revolution effectively sidelined OPEC’s control over global oil prices. However, with a large number of new non-OPEC projects cancelled, spare capacity in the market reaching very low levels and demand continuing to grow, power is shifting back to the cartel again, notes Geoffrey Styles, Managing Director of GSW Strategy Group in the US, on his Energy Outlook blog. If OPEC decides to cut output in 2016, writes Styles, the oil price … [Read more...]
Oil shortage possible “within a few years”
OPEC warns that huge investment is needed to ensure that future oil and gas production will be sufficient to meet demand, writes Nick Cunningham of Oilprice.com. If this is not forthcoming, the oil price may spike again, setting in motion another destructive commodity cycle. … [Read more...]
Gas galore – Europe to become “dumping” market for global gas supplies
From Australia to the US, from the Middle East to the Mediterranean, new projects are being planned to bring natural gas to the European market. This supports the EU’s goal to create a competitive integrated European gas market. But will there be enough demand for all that gas, Energy Post’s editor-in-chief Karel Beckman wonders? And what role do our policymakers want gas to play in the low-carbon economy? … [Read more...]
A presidential campaign speech from 2052
70% of electricity in the US now is generated by renewables, and natural gas from fracking is on the decline, says a presidential hopeful in a campaign speech in 2052. He promises voters that if elected he “will ensure completion of the energy transition”. … [Read more...]
New: renewables can now play important role in industrial development
Thanks to massive cost reduction, renewable energy can now be used by developing countries in their industrial growth strategies, which was unthinkable until recently, writes John Mathews of Macquarie University in Australia in a new publication from UNIDO, "Promoting Climate Resilient Industry". Mathews notes that renewables can help countries expand manufacturing and create jobs, reduce local pollution, increase energy security and reduce … [Read more...]
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