Peter Tertzakian of Oilprice.com zooms in on 10 not-so-obvious issues that may turn out to be key influencers in energy markets in 2017. … [Read more...]
Donald Trumpās carbon-obsessed energy policy and the planetary nightmare to comeĀ
Despite apparent contradictions, the main thrust of Donald Trumpās energy policy approach is very clear, writes author and energy expert Michael Klare: he aims to abolish all regulations that stand in the way of unrestrained fossil fuel extraction. Even if this spells doom for segments of the fossil fuel industry that will get hurt by low prices ā not to mention the planet. Courtesy Tomdispatch.com. … [Read more...]
The OPEC deal: a recipe for volatility
Last weekās OPEC deal takes place in a very different context than earlier deals from the 1990s, writes Geoffrey Styles, Managing Director of independent US-based consultancy GSW Strategy Group. US shale producers are looking to fill supply gaps, inventories are higher than ever, and alternatives to oil in transport are emerging. If thatās not a recipe for volatility, Styles wonders, then what is? Original post. … [Read more...]
US energy Independence Day dawns
The most significant US energy policy update in a decade, the Energy Policy Modernization Act 2016, will be introduced into the new Congress in January 2017. With provisions for accelerated permitting for oil and gas drilling, construction of export LNG terminals, as well as energy efficiency standards and grid-integration of renewables, the outlook for US energy security is bright, according to Barry Worthington, Executive Director of the US … [Read more...]
The future of OPEC: it wonāt die, but it will become a different animal
Regardless of the outcome of the meeting on 30 November, the future of OPEC looks uncertain. The organisation is facing a perfect storm, squeezed as it is between the revolution in shale oil, which has increased global supply and brought down prices, and the prospect of a global peak demand stemming from climate policies and falling costs of alternatives. Some have even declared the death of OPEC, but according to Thijs Van de Graaf, professor at … [Read more...]
Why the future belongs to decentralised renewables, not centralised hydrogen and giga-scale nuclear
What the future of our energy system will look like continues to be a subject of heated debate. According to one well-established tradition, writes Professor John Mathews of Macquarie University in Australia, the route to decarbonisation will run via massive nuclear power systems to the hydrogen economy. But China and to some extent India are emerging as the principal practitioners of an alternative vision of energy growth, underpinning their … [Read more...]
IEA in the Age of Trump: policies will determine where we go from here
The most important message from the 2016 edition of the annual World Energy Outlook, the International Energy Agencyās (IEA) flagship publication released today, is that āpolicies will determine where we go from hereā. āParisā has given the international energy sector āa new sense of directionā, notes the IEA. But much stronger policies are needed to keep global warming limited to 2 degrees Celsius, it adds. Its message takes on extra importance … [Read more...]
Can Trump revive the US coal industry? Will he even benefit oil and gas?
The election of Donald Trump is likely to benefitĀ the US oil and gas sector, though his stand on international trade could hurt economic growth and thereby oil demand, writes Gregory Brew, analyst at Oilrpice.comTrump has been positively exuberant about coal, but according to Brew it is by no means certain that he will able to revive the US coal industry. Article courtesy of Oilprice.com. … [Read more...]
Biofuels turn out to be a climate mistake
Biofuels are usually regarded as inherently carbon-neutral, but once all emissions associated with growing feedstock crops and manufacturing biofuel are factored in, they actually increase CO2 emissions rather than reducing them, writes John DeCicco of the University of Michigan. According to DeCicco, biofuels are actually more harmful to the climate than gasoline. Courtesy of The Conversation. … [Read more...]
Oil companiesā climate initiative lacks initiative
The Oil and Gas Climate Initiative (OGCI) formed by ten of the worldās largest oil companies including Shell, BP, Total, Statoil and Saudi Aramco, has announced it will spend $1 billion over the next ten years āto accelerate the development of innovative low-emission technologiesā. According to Stuart Haszeldine, Professor of Carbon Capture andĀ Storage, at the University of Edinburgh, this is āsmall change compared to the size of the problem. … [Read more...]
Peak car ownership will speed up peak oil demand
In a new report, the Rocky Mountain Institute makes the stunning prediction that car ownership will peak by 2020. New ownership models and technological advances such as driverless cars will utterly transform the mobility market, concludes Fereidoon Sioshansi, president ofĀ Menlo Energy EconomicsĀ and publisher of the newsletter EEnergy Informer. The big casualty will be oil companies, which are still in denial. … [Read more...]
Russia keeps expanding oil production despite low oil prices
Russian federal revenue from oil and natural gas production has declined significantly in response to low oil prices, reports the US Energy Information Administration (EIA). However, whereas western oil companies have slashed their spending, Russian oil and natural gas companiesā capital investment programs have been less affected, if at all. As a result, Russian oil production has hit a post-Soviet record high. Article courtesy of US EIA. … [Read more...]
Electric car revolution may drive oil āinvestor deathĀ spiralāĀ
Advanced batteries could ātip the oil market from growth to contraction earlier than anticipated,ā concludes credit rating agency Fitch in aĀ new study. Bloomberg New Energy Finance (BNEF) has alreadyĀ toldĀ investors to expect the ābig crashā in oil by 2028āāāand as early as 2023. Joseph Romm Ā Joseph Romm, founding editor of the influential weblog Climate Progress, warns of the āinvestor death spiralā that may await the oil industry. Article … [Read more...]
Using clean cars as power plants: it can be done in the UAE
The combined engine capacity of the new cars we build in just one year is more than the entire electricity generation capacity in the world. If we power our cars with fuel cells, we can use them as clean power plants the 96% of the time we are not driving in them, generating all the electricity we need, at competitive costs, with zero emissions. Frank Wouters, Director of the EU-GCC Clean Energy Network, and Ad van Wijk, Professor Future Energy … [Read more...]
The energy prescriptions of The Atlantic Council: āThereās a direction relation between climate change and geopoliticsā
The implications of climate change targets not being met are massive migration, the potential for resource wars and āa further disintegrating of the international orderā, according to Richard L. Morningstar, Founding Director and Chairman of the Global Energy Center and David Koranyi, Director of the Eurasian Energy Futures Initiative, both part of the Washington DC based think tank The Atlantic Council. Morningstar and Koranyi see a ādirect … [Read more...]
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