Many vested interests with short-term perspectives are fighting to maintain US dependence on fossil fuels. The long-term national interest, however, requires that the US makes a speedy transition to a clean energy society, writes energy expert Allan Hoffman. According to Hoffman, the shale revolution is only a temporary phenomenon. A continued reliance on oil and gas will imperil the nation’s future. … [Read more...]
In the new energy security war, Europe has the upper hand over Russia, say top US officials Â
Concerns about energy security have shot to the top of the political agenda in Europe. But the US has no intention of letting the EU down. “The United States will be working with the EU to develop a plan for the mid- to long-term evolution of a more energy-secure future”, said US Secretary of Energy Ernest Moniz at a conference of the Atlantic Council in Istanbul. At this summit, top US officials and energy experts showed themselves surprisingly … [Read more...]
Fossil-fueled Republicanism: what to expect from the new US Congress
While more and more people around the world are coming to recognize the need for restraints on fossil fuel consumption, the new Republican-dominated Congress will lead the United States in the opposite direction, writes Michael Klare, author of many books and articles on energy policy. Klare outlines the energy policies the Republicans in Congress are likely to pursue and explains what is behind their fervent commitment to oil and gas. In an … [Read more...]
Let’s not forget those fossil fuel subsidies
The IEA’s World Energy Outlook (WEO), published on 12 November, has – not for the first time – put the spotlight on the huge subsidies given worldwide for the use and production of fossil fuels. And these do not include other costs (e.g. the hundreds of billions in US military spending to garrison the Middle East) and externalities caused by our oil, gas and coal use. Sophie Vorrath of RenewEconomy presents the main figures from the WEO. … [Read more...]
World’s first power-to-liquids production plant opened in Dresden
A Power-to-Liquids (PtL) demonstration rig which is the first of its kind in the world was officially inaugurated on 14 November by Dresden-based sunfire GmbH. The ceremony was attended by German Federal Minister of Education and Research Johanna Wanka, Board Member Pieter Koolen of venture capitalist Bilfinger, Â as well as a number of other high-ranking representatives from the worlds of politics, industry and research. French energy companies … [Read more...]
Five take-home messages from the IEA’s World Energy Outlook 2014
Current events risk distracting governments “from recognising and tackling the longer-term signs of stress that are emerging in the energy system” says the International Energy Agency (IEA) in its latest World Energy Outlook (WEO) 2014 unveiled on 12 November in London. Just like a year ago, it warns that long-term oil supplies are far from secure, with the Middle East re-establishing itself as the main supplier in the long-term. Moreover, while … [Read more...]
Outcome of nuclear talks could make Iran an Energy Superpower – even in renewable energy
An international settlement by November 24 could put Iran on a path to becoming an energy superpower, says Friedbert PflĂĽger, Director European Centre for Energy and Resource Security (EUCERS) at King’s College. And not just in fossil fuels – but even in renewable energy, which Iran now supports with feed-in tariffs and currency guarantees for foreign investors. US Secretary of State John Kerry meets with his counterpart this weekend. … [Read more...]
The end of an era: is the US petrodollar under threat?
Western sanctions imposed on Russia are driving Moscow further into the arms of Beijing, writes Andrew Topf for Oilprice.com. This may have the unintended consequence of ushering in the demise of the “petrodollar” – with profound consequences for global energy markets. … [Read more...]
A trip to Kuwait on the prairie: life inside the US oil boom
Today we have an unusual article for you: a first-hand report about daily life in oil boom state North Dakota written by journalist Laura Gottesdiener. This is not perhaps about energy as such – but it is about some of the “external costs” carried by one source of energy production. And it’s a fascinating read! We can publish this article thanks to our cooperation with Tomdispatch.com, where it first appeared. … [Read more...]
How does Alexey Miller look at the world? This is how
On 7 October Gazprom CEO Alexey Miller made a remarkable speech at the IV St. Petersburg International Gas Forum on the global gas industry. We reproduce the main points from his speech. They include some highly significant and contrary statements, which we have highlighted for you. Alexey Miller, Gazprom CEO: We believe that by the year 2050 natural gas will represent one third of the global energy mix and that the production volumes … [Read more...]
VIDEO: Latest news on Environment and Energy from Brussels
In this latest Brussels Briefing on Environment from viEUws.eu, Sonja van Renssen provides an overview of the latest developments in the field of European environment policy. … [Read more...]
In defence of TTIP: Good for the economy – and for the climate
The Trans-Atlantic Trade and Investment Partnership (TTIP) currently being negotiated between the European Union and the United States may deliver significant benefits not just in terms of greater economic competitiveness, but also as regards energy security and even environmental sustainability, writes Carlo Stagnaro, senior fellow at the Italian think tank Istituto Bruno Leoni and advisor to Italy’s Minister for Economic Development. According … [Read more...]
Oil is back – how Obama went from climate president to drill-baby-drill commander
Just a few years ago, president Obama promised he would reduce America’s dependence on oil. Now, energy expert Michael Klare points out, his administration is doing everything possible to boost oil production: opening up the waters off the Eastern seaboard to exploration, ramping up sales of leases for oil and gas drilling, expanding drilling in the Gulf of Mexico, even speeding up the processing of drilling permits. The results are visible: … [Read more...]
US Energy Information Administration: Energy reform could increase Mexico’s long-term oil production by 75%
On August 11, Mexico's president signed into law legislation that will open its oil and natural gas markets to foreign direct investment, effectively ending the 75-year-old monopoly of state-owned PetrĂłleos Mexicanos (Pemex). These laws, which follow previously adopted changes in Mexico's constitution to eliminate provisions that prohibited direct foreign investment in that nation's oil and natural gas sector, are likely to have major … [Read more...]
Professor Henrik Lund: Denmark proves complete fossil fuel independence is possible
Complete independence from energy generated from fossil fuels is possible. Professor Henrik Lund, of Aalborg University, believes that a system based 100 per cent on renewable energy is a viable option and could be achieved by 2050 in Denmark. Renewable energy systems (RES) planning can also be successfully applied to other countries worldwide. During his extremely well attended plenary lecture at CHISA, the 21st International Congress of … [Read more...]
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