The inevitable will occur: supply and demand will cross again and oil prices will recover, writes Dan Doyle of Oilprice.com. Doyle presents an upbeat view of the oil market â from the perspective of the oil industry. He just hopes the recovery will be orderly and not end in a mess. … [Read more...]
My 2016 energy predictions: US oil and gas production will decline, Hillary new president
US oil production will decline for the first time in 8 years, US gas production for the frist time in 11 years, the oil price will bounce back to $60 â and Hillary Clinton will become the next US president. Robert Rapier, Managing Editor & Director of Analysis at Energy Trends Insider, announces his predictions for 2016. … [Read more...]
We need to get serious about negative emissions – fast
The Paris agreement was a diplomatic triumph, but there is a distinct disconnect between the ambition and the action required to achieve that goal, writes Tim Kruger, James Martin Fellow, Oxford Martin School, University of Oxford. Kruger notes that to stabilise the climate, emissions need to fall to zero and we are nowhere close to that. In fact, we are almost certain to overshoot, which means that emissions will have to go negative at some … [Read more...]
Let’s not kid ourselves: curbing carbon and stopping smog are not the same
There is a widespread belief that stopping smog will also reduce carbon emissions, or vice versa, that reducing carbon emissions will reduce air pollution. But according to Christopher Sellers, professor of history at Stony Brook University in the US, this is a mistake. Experience in the US shows that taming air pollution actually made it possible to burn more carbon. … [Read more...]
The hidden trigger of Paris: why the climate battle will now be taken to the courts
What will happen if the objectives of the Paris Climate Agreement are not achieved? Most people assume that since the agreement is non-binding, failure to reach the targets will necessitate new political action, writes Lucas Bergkamp, Partner at the Brussels-based law firm Hunton & Williams LL.P. But according to Bergkamp, what is likely to happen is that climate activists will instead turn to the judiciary to enforce the treaty. This, he … [Read more...]
How OPEC could regain control of the oil price
The US shale revolution effectively sidelined OPECâs control over global oil prices. However, with a large number of new non-OPEC projects cancelled, spare capacity in the market reaching very low levels and demand continuing to grow, power is shifting back to the cartel again, notes Geoffrey Styles, Managing Director of GSW Strategy Group in the US, on his Energy Outlook blog. If OPEC decides to cut output in 2016, writes Styles, the oil price … [Read more...]
2016: look ahead for nuclear energy
The outlook for nuclear energy globally is better than expected, but in the US it is a time of retrenchment, writes Dan Yurman, of the weblog Neutron Bytes. In this article he provides an overview of expected developments in the global nuclear sector in 2016. … [Read more...]
Gas galore â Europe to become âdumpingâ market for global gas supplies
From Australia to the US, from the Middle East to the Mediterranean, new projects are being planned to bring natural gas to the European market. This supports the EUâs goal to create a competitive integrated European gas market. But will there be enough demand for all that gas, Energy Postâs editor-in-chief Karel Beckman wonders? And what role do our policymakers want gas to play in the low-carbon economy? … [Read more...]
A presidential campaign speech from 2052
70% of electricity in the US now is generated by renewables, and natural gas from fracking is on the decline, says a presidential hopeful in a campaign speech in 2052. He promises voters that if elected he âwill ensure completion of the energy transitionâ. … [Read more...]
Why Nordstream 2 risks failure
The Nordstream 2 gas pipeline that Gazprom and a number of major European energy companies, have agreed to build, faces formidable political, legal and economic obstacles that may make the project undeliverable, writes Alan Riley, professor at City Law School in London and nonresident Senior Fellow with the Atlantic Councilâs Global Energy Center. According to Riley, the overarching problem Gazprom and its partners Shell, Engie, Wintershall, OMV … [Read more...]
The Chinese dream: Jeremy Rifkin and the economic conquest of Eurasia
While the EU is mired in conflicts between east, south and west over over finance, climate policy and refugees, Chinese Premier Li Keqiang is wooing 16 Central and Eastern European leaders at a China-CEE summit in Suzhou. It is all part of the Chinese dream of creating a Jeremy Rifkin-esque infrastructurally and digitally integrated economic space spanning the vast Eurasian continent, writes journalist Pepe Escobar. Some years from now German … [Read more...]
The biggest sticking point in Paris: money
In the run-up to the Paris climate change conference, there is much focus on countriesâ voluntary commitments to reduce greenhouse gas (GHG) emissions (their so-called Intended Nationally Determined Contributions). But much less attention is paid to a part of the negotiations that is just as important, writes Henrik Selin of Boston University: how to finance the efforts of developing countries at mitigation and adaptation. … [Read more...]
The coal conundrum
What do we do with coal? It provides cheap and reliable energy around the world, but is also the main cause of the most serious problem facing the world, writes Allan Hoffman. According to Hoffman, there are no easy answers, but we have no choice but to move to a clean energy society as quickly as possible. … [Read more...]
Most countries need to at least double their efforts on climate
Developed nations need to double or triple their current efforts to limit global warming to a âsafeâ level of 2â°C, write Anita Talberg and Malte Meinshausen of the University of Melbourne. Thatâs the finding of a study published on 26 October in Nature Climate Change assessing countries' post-2020 climate pledges ahead of Decemberâs international climate summit in Paris. … [Read more...]
From the horseâs mouth: The new oil world is radically different from the old one
We have entered a new oil world in which most of the old oil market truths can go overboard. This was the stark message given off by BPâs Chief Economist Spencer Dale in a speech he gave in London on 13 October. According to Dale, oil market realities have changed fundamentally: âWe need a new set of principles reflecting the New Economics of Oilâ. Karel Beckman discusses the profound implications following from Daleâs ground-breaking analysis. … [Read more...]
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