At the recent ONS (Offshore Northern Seas) conference in Stavanger, the largest annual gathering of the oil and gas industry in Europe, debate on the energy transition took centre stage. Some major oil companies are expanding into renewables, but there was a lot of skepticism among the attendants about this strategy, writes independent energy analyst Jilles van den Beukel, who attended the event. He also noted that in project financing there is a … [Read more...]
DNV GL’s Energy Transition Outlook shows massive shift of investment from oil and gas into power lines
The global energy transition will lead to a massive expansion of power lines at all voltage levels as well as a steep growth in the number of transformers and substations in the electricity system. This is one of the major new findings of the second edition of the Energy Transition Outlook, the annual flagship publication of global technical consultancy DNV GL. As a result, grid costs will triple, yet this cost explosion is offset by cost … [Read more...]
Oil vs electricity: which will prevail?
Oil faces three challenges that together may be insurmountable, writes energy expert Fereidoon Sioshansi. Electricity's fortunes on the other hand are on the rise. Courtesy EEinformer. … [Read more...]
Trump’s grand strategy: a tripolar world order
Most commentators seem to believe that President Trump lacks a coherent vision on foreign policy, but energy expert and author Michael Klare disagrees. According to Klare, an examination of his speeches and actions shows that he is out to establish a tripolar world order, in which Russia, China and the U.S. control their respective spheres of influence. Article Courtesy Tom Dispatch. (Editor’s note: this article deals with broader geopolitical … [Read more...]
Economic slowdown poses higher risk to oil price than decarbonization and EVs
Most people seem to believe that oil prices will go down in the long run because of climate policies and the growth of electric cars. Friedbert Pflüger, Director of the European Centre for Energy and Resource Security (EUCERS), argues that this view is far too simplistic. The only constant in energy markets, he writes, is that they are cyclical – and we seem to be poised for a sharp downturn right now. … [Read more...]
Why US shale will crash and UK will fail: a history of shale oil & gas production in pictures & charts
With fracking about to recommence in the UK after 8 years, social entrepreneur and writer Jeremy Leggett reviews the short but troubled history of fracking in the U.S. In a devastating slide presentation, he pictures the shale gas industry as a dirty, multi-hundred-billion-dollar doomed-to-burst debt bubble. And he predicts a similar fiasco in the UK. Courtesy Future Today. … [Read more...]
Un-SAFE: Trump clean cars rollback could cost $450 billion, increase emissions 11%
Trump’s fuel economy standard rollback will be a disaster for the United States, write Jeffrey Rissman and Robbie Orvis of California-based think tank Energy Innovation. It will harm American consumers and the transport sector and sharply drive up emissions. The only winners will be oil companies. … [Read more...]
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