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 PflĂĽger, 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...]
The risks of the Trump Administration’s whiplash policy on Iranian oil
As the Trump Administration prepares to re-impose nuclear-related sanctions on Iran following the president’s decision to withdraw the United States from the Joint Comprehensive Plan of Action (JCPOA), its treatment of Iranian oil sales could dramatically impact both the United States’ Iran strategy and the global oil market, write David Mortlock and Ellen Wald of the Atlantic Council Global Energy Center. According to the authors, the … [Read more...]
Coke, meth and booze: the flip side of the Permian oil boom
The fastest-growing oil region in the U.S. is fueling not only the second American shale revolution—it's fueling a subculture of drug and alcohol abuse among oil field workers, writes Tsvetana Paraskova of Oilprice.com. Courtesy Oilprice.com. … [Read more...]
OPEC? NOPEC! What makes Putin’s vision of a Russian-US oil alliance a pipedream
U.S. president Trump, who wants the U.S. to become a dominant oil and gas supplier to the world, regards Russia as “competitor”, though he sees that as “a compliment”. Russian president Putin has said he would like to “work together” with the U.S. to forge an OPEC-like alliance. Anna Mikulska, a fellow at the Baker Institute’s Center for Energy Studies and at the University of Pennsylvania's Kleinman Center for Energy Policy, explains why such an … [Read more...]
Interview Sytse Zuidema, CEO EV charging leader NewMotion: “Charging at home and office will become the norm”
Over the next five years the European mobility market – as well as the electricity market – will undergo a transformation, says Sytse Zuidema, CEO of NewMotion, Europe’s largest EV charging company, acquired last year by Shell. The Amsterdam-based company is already developing products that anticipate on the coming digitalization of the energy value chain, such as a highly advanced vehicle-to-grid (V2G) charger and apps that tell people at the … [Read more...]
The Electric Power Struggle
The world is undergoing a dramatic electricity transition, and the global struggle for power over this transformed electric system is set to profoundly shape our future, argues Walt Patterson, Associate Fellow in the Energy, Environment and Resource Department of Chatham House in London. According to Patterson, politics, not economics, will determine the outcome of this struggle. Article courtesy Hoffmann Centre for Sustainable Resource Economy. … [Read more...]
Can Saudi Arabia prevent the next oil shock?
As the oil price is inching up, and geopolitical storm clouds are gathering, market watchers increasingly wonder: can Saudi Arabia prevent the next oil price spike? And is it willing to do so? In this article, Cyril Widdershoven explains why counting on Saudi Arabia’s spare capacity could be foolish. In an accompanying article, Nick Cunningham argues that even if Saudi Arabia manages to ratchet up production, it would mean that virtually all … [Read more...]
The Saudis won’t prevent the next oil shock
As the oil price is inching up, and geopolitical storm clouds are gathering, market watchers increasingly wonder: can Saudi Arabia prevent the next oil price spike? And is it willing to do so? In this article, Nick Cunningham argues that even if Saudi Arabia manages to ratchet up production, it would mean that virtually all spare capacity go out of the market, setting the market up for further price rises. In an accompanying article, Cyril … [Read more...]
Sanctions or self-sabotage? The story of Iran’s oil industry
In the 2.5 years between the end of international sanctions and the reimposition of US sanctions this May, Iran accomplished very little in terms of revitalizing its oil industry, writes Ellen Wald of Jacksonville University. Fighting between pro- and anti-western groups prevented all attempts to attract foreign investment. Courtesy: the EnergySource blog of the Atlantic Council. … [Read more...]
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