The latest data from the US Energy Information Administration (EIA) show that exports of shale oil from the US are destined for France and other European countries that have banned fracking, points out shale gas expert Nick Grealy. This is hypocritical, notes Grealy. If fracking is really that bad, why don’t the Europeans care when it’s done in Texas or North Dakota? … [Read more...]
Christoph Frei, World Energy Council: “Grand transition” requires new vision of energy security
The energy sector is going through a “grand transition” that will radically change the way energy security should be approached, says Christoph Frei, Secretary General of the World Energy Council, on the eve of the ONS Summit, a high-level meeting on energy security in Stavanger‎ on August 28-29, hosted by the Munich Security Conference and the ONS Foundation‎. In particular, the role of gas in the European energy system will change, says Frei. … [Read more...]
The US’s multi-trillion-dollar bridge to nowhere in the Greater Middle EastÂ
The US finds itself fighting multiple wars across the Greater Middle East, but no one in Washington asks the questions that really matter, writes historian Andrew Bacevich: do these wars make sense? What is their goal? When will they end? Are they even winnable? This article was first published on TomDispatch.com and is republished here with permission. It is more than about energy - it's about the future of our planet - which defines much of the … [Read more...]
As Hinkley Point C put on ice: the UK needs to get over energy megaprojects
The UK needs to get over the idea that megaprojects are the solution to everything, writes David Elmes, Head of Warwick Business School Global Energy Research Network. As the traditional investors in British oil, gas and electricity look smaller and less able to take on large projects, the UK needs an industrial energy strategy centred on a mix of smaller and larger projects. Courtesy of The Conversation. … [Read more...]
Oil price downturn sets markets up for dramatic price spike
Another oil price downturn threatens to deepen the plunging levels of investment in upstream oil and gas production, which could create a more acute price spike in the years ahead, writes Nick Cunningham of Oilprice.com. Analysts are not expecting a rebalancing of the market until 2018, but according to Cunningham, the swing from surplus to deficit could be more dramatic than many think. … [Read more...]
Higher natural gas prices ahead in US after record demand and lower production
Gas production in the US is falling for the first time in years. At the same time, the US power sector is burning more natural gas than ever. This means gas prices are likely to rise this coming winter, writes Nick Cunningham of Oilprice.com. … [Read more...]
Hooked! Our addiction to fossil fuels must be fought in the way we tackled smoking and drugsÂ
Analysts such as those from the Energy Information Administration (EIA) see no signs of a determined move away from fossil fuels, writes energy expert and author Michael Klare. According to Klare, success in any global drive to avert climate catastrophe will involve tackling addictive behavior at its roots and promoting lasting changes in lifestyle. To do that, it will be necessary to learn from the anti-drug and anti-tobacco communities about … [Read more...]
Europe increasingly dependent on oil imports, above all from Russia
European dependence on oil imports has grown from 76% in 2000 to over 88% in 2014. The EU spends some €215 bn on oil imports, over 5 times as much as gas imports (€40 bn). Russia is the biggest supplier: dependence on Russia has grown from 22% in 2001 to 30% in 2015.  These are some of the main conclusions of a study from Cambridge Econometrics made for the Brussels-based NGO Transport & Environment (T&E). … [Read more...]
Oil companies and climate change: their assets are not at risk, their long-term business model is
Global warming has fundamentally changed the business environment for oil companies, writes geophysicist Jilles van den Beukel (ex-Shell). But they will not sink under “stranded assets” or a “carbon bubble”, as some environmentalists claim. Such notions, argues Van den Beukel, are based on a lack of understanding of the value of different types of reserves. It is rather their long-term business model that is at stake. And there is probably not … [Read more...]
Natural gas vehicle sales in US sag but prospects still good
The market for natural gas vehicles in the US took a small hit last year, as a result of low oil prices. Nevertheless, sales of CNG and LNG powered vehicles continue to be significant and the number of filling stations continues to grow, writes Frank Swigonski, Associate at Advanced Energy Economy, a US business assocation that promotes clean energy. Courtesy Advanced Energy Perspectives. … [Read more...]
Vieuws Video: EU far from meeting Paris climate goals
Sonja van Renssen, energy and environment journalist, is joined by Tom van Ierland, Deputy and Acting Head of Unit C1. Strategy and Economic Assessment DG Climate Action, Jonathan Gaventa, Director, Third Generation Environmentalism (E3G) and EirikWærness, Senior Vice President and Chief Economist, Statoil to debate the question: “Did Paris deliver the low-carbon investment signal Europe needs?”. This highlight video presents the core … [Read more...]
Why oil prices are going up – and will continue to go up
Oil prices are going up as oil supply and demand are approaching a more balanced situation, writes geophysicist Jilles van den Beukel. And they will continue to go up as supply is expected to fall below demand in the 2018-2020 period. The key factor in supply reduction is that cost cutting is leading to higher decline rates of mature conventional fields. So far this decline has been compensated by new oil field developments, but the current … [Read more...]
The ill-fated gas strategy of the oil majors
The recent focus of major oil companies on gas (and LNG in particular) may be ill-fated, writes geophysicist Jilles van den Beukel. Gas is systematically less profitable than oil. And the oversupply of LNG (and resulting low prices) is likely to last much longer than the oversupply of oil. … [Read more...]
With a busted business model, oil economies head for the unknown
Until recently, petro-states like Saudi Arabia, Venezuela and Russia were able to use their wealth to spread their influence abroad, writes author Michael T. Klare, professor of peace and world security studies at Hampshire College in the US. Now with their business model busted, he wonders what will come next: will they cling to reliance on fossil fuels and descend into chaos, or follow a path that will speed up the conclusion of the fossil fuel … [Read more...]
Can we save the algae biofuel industry?
Over the last decade or so, energy companies, including the likes of Shell and ExxonMobil, have invested large amounts of money in algal biofuels, only to find that the economics didn’t make sense, writes Christian Ridley, Research Associate in Plant Biotechnology at the University of Cambridge. However, according to Ridley, there still is a way forward for the industry, if the production of biodiesel from algae can be combined with production of … [Read more...]
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