Following Shell, oil major Total has now also indicated it is expecting increasingly tough competition from electric vehicles (EVs), writes John LeSage of Oilprice.com. One significant trend is the wide range of EVs that will be available in a few years. Courtesy Oilprice.com. … [Read more...]
Climate change is not democratic: inaction equals annihilation of the poor
There’s a tendency to believe that the effects of climate change will be felt more or less democratically around the globe. In reality, writes energy and foreign policy specialist Michael Klare, the harshest effects will fall on the poorest and most marginalized people. They will suffer mass annihilation – unless we take action. Courtesy of Tomdispatch. … [Read more...]
Large-scale fracking comes to the Arctic in a new Alaska oil boom
Largely unnoticed, international oil companies have been making discoveries of very large oil reserves in the Arctic region over the past year, writes author and lecturer Scott L. Montgomery.  According to Montgomery, the Trump Administration is likely to give permission to drill these new wells, a number of which will be fracked. He believes “the discoveries will write a new chapter in the U.S. oil industry’s dramatic ascent.” Courtesy The … [Read more...]
China’s new Silk Road: is it black or green?
The expansive internationalization of China’s energy role has led many to believe that while China is "greening" its own economy, it is at the same time exporting it's fossil-fuel-based energy system abroad. John Mathews, Professor of Management at Macquarie University, Australia and Hao Tan, Senior Lecturer at the University of Newcastle, Australia, provide a detailed assessment of China's energy exports and come to a largely different … [Read more...]
Oil market (II): Is another bust looming over the oil industry?
Royal Dutch Shell broke ranks from other industry players last fall when its chief executive officer opined that global demand could reach a maximum in the next five to fifteen years. Given the nature of the demand plateau and the historical failure of authorities to predict its advent, it is time for the oil industry to begin planning and watching for the turn, writes Dwayne Purvis for Oilprice.com. Courtesy Oilprice.com. … [Read more...]
Oil market (I): Supply crunch or oil glut – investment banks can’t agree
Most analysts see a “supply gap” looming in the global oil market. But not all, writes Tsvetana Paraskova for Oilprice.com. Courtesy Oilprice.com. … [Read more...]
The coal-free 2°C scenario: within reach and cheaper than told by IEA
Scrapping of planned coal power and accelerated investment in wind and solar are essential if we are to reach the Paris climate goals. The good news: It can be done significantly cheaper than the International Energy Agency (IEA) estimates, writes Terje Osmundsen, Senior Vice President of the Norwegian-based international solar power company Scatec Solar. Courtesy of EnergiogKlima. … [Read more...]
It is time to tax carbon
Low-carbon technologies will transform the energy system, but not fast enough to limit global warming, writes Gerard Reid, founding partner of Alexa Capital, financial analyst and co-founder of the Energy and Carbon blog. According to Reid, what is needed is to shift the still massive investment in oil and gas onto alternative energy sources. That can only be done through a carbon tax. … [Read more...]
Politics and economics clash over Nord Stream 2
At a dinner debate in Brussels on European relations with Russia, members of the European Parliament made it clear they regard Russia as an enemy which should be opposed in any possible way. That includes projects such as Gazprom’s planned Nord Stream 2 pipeline. Whether EU institutions have the means to stop Nord Stream 2, remains to be seen. … [Read more...]
Why oil price forecasting is so difficult now
Analysts have rarely been so divided on their views of where the oil price is going, writes Geoffrey Styles, Managing Director of independent US-based consultancy GSW Strategy Group. This is because the market is in the grip of a number of contradictory trends. Styles takes a closer look at what they are and how they might play out. … [Read more...]
Six years after Fukushima, much of Japan has lost faith in nuclear power
The Japanese government should consider a fundamental change in its current nuclear energy policy if it wants to recover the public's trust in nuclear power, writes Tatsujiro Suzuki, Director of the Research Center for Nuclear Weapons Abolition at Nagasaki University. According to Suzuki, staying on the current path will undermine Japan's economic and political security. Courtesy of The Conversation. … [Read more...]
Saudi Arabia “leaves oil behind” (says ex-oil minister Al-Naimi)
Is Saudi Arabia serious about making the change from the world’s biggest oil exporter to a significant producer – and exporter – of renewable energy? Time will tell, but the country is certainly taking serious first steps, writes Nehad Ismail. … [Read more...]
Energy Union requires concrete projects and protection of European interests
To deliver the Energy Union, the European Commission should promote concrete projects, such as equipping all European highways with charging points for electric vehicles. It should also act to protect workers and consumers who get hurt by the energy transition, protect European markets from dumping practices and turn Malta and Cyprus into 100% renewable energy islands, write Enrico Letta, Thomas Pellerin-Carlin and Jean-Arnold Vinois of the … [Read more...]
Who needs the Southern Gas Corridor?
In its dogged pursuit of the Southern Gas Corridor, the European Commission is shutting its eyes to the human rights record of the Azerbaijani regime, writes Anna Roggenbuck, policy officer at CEE Bankwatch Network. According to Roggenbuck, there is no justification for this massive gas pipeline project, since it is also bad for the climate and, as recent events show, will not even help reduce Europe’s dependency on Russian gas.  … [Read more...]
Energy Union should shift focus from energy to climate
The EU is trying to improve its energy security by building more infrastructure to facilitate gas imports, but the concentration of its gas suppliers keeps increasing, write Stefan Bößner and Douglas Fraser of the Stockholm Environment Institute. According to Bößner and Fraser, it makes more sense to shift the focus of EU energy policy to creating a low-carbon energy system. That will not only help Europe meet its climate targets, but also … [Read more...]
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