• Trump’s Economic Adviser: Obama’s Global Warming Pledge ‘Crippling’ US Growth

    • Date: 27/05/17
    • Andrew Follett, Daily Caller

    A top White House economic adviser said Thursday that keeping the Obama administration’s global warming pledge to the United Nations would be “highly crippling” to economic growth. “We know that the levels that were agreed to by the prior administration would be highly crippling to the US economic growth,” chief economic adviser Gary Cohn said […]

    Read more
  • OPEC Doubles Down on its Losing Hand

    • Date: 25/05/17
    • The American Interest

    The oil cartel OPEC and a collection of ten other petrostates recommitted themselves to a plan to cut production this week. The FT reports: The agreement hammered out in Vienna on Thursday will see the 1.8m barrel a day cuts, first agreed in November, extended to the end of the first quarter of 2018. Russia and other […]

    Read more
  • Arctic Sea Ice Rebounding?

    • Date: 20/05/17
    • Ron Clutz, Science Matters

    In May Arctic ice continues to be more extensive than recently.  As previously reported, central and Atlantic sea ice is above decadal averages. The image below shows surprising growth since day 120 (April 30), with a pause the last few days. Things are different on the Pacific side where Bering in particular has melted ahead of […]

    Read more
  • Shale Wars: The Most Expensive Energy Battle Of All Time

    • Date: 17/05/17
    • Mark Mills, University of Mary

    Oil Prices and Saudi Arabia’s Big Bet So far it has cost Saudi Arabia something like $200 billion to undertake one of the most expensive experiments of all time. The Saudi government has been draining its massive $2 trillion sovereign wealth fund to cover revenues lost from the petroleum price collapse over the past couple […]

    Read more
  • Germany’s Grand Coalition Energy Experts Reject Greens’ Coal Exit Plans

    • Date: 16/05/17
    • Clean Energy Wire

    Energy experts of Germany’s grand coalition of conservatives (CDU/CSU) and Social Democrats (SPD) have rebuffed the Green Party’s plans for an accelerated coal exit. “We cannot phase out both nuclear and coal-fired power production within 15 or 20 years,” conservative Thomas Bareiß said at a party debate hosted by utilities RWE and innogy. Bareiß argued […]

    Read more
  • Forget Price Caps: UK Climate Policies Will Add Nearly £600 To Energy Bills

    • Date: 14/05/17
    • Christopher Booker, The Sunday Telegraph

    Theresa May’s “cap” on energy saves £1.4 billion a year; this will be dwarfed by the additional £7.4 billion a year due to be added to our energy bills under the Climate Change Act. I would defy anyone unfortunate enough to hear the Today programme at 8.10 last Tuesday morning to have made head or tail […]

    Read more
  • Even At $40 Oil, US Shale Revolution Is Unstoppable — Report

    • Date: 13/05/17
    • Fuel Fix

    Rystad Energy, the Norwegian consultancy, believes U.S. Lower 48 oil production will continue to grow even if prices fall to $40 a barrel. U.S. oil prices have dropped below $50 a barrel in recent weeks, in part because traders worry shale drillers will pump a lot more crude than the world needs this year. But […]

    Read more
  • U.S. Shale Spending Dwarfs Competition: Grows 10 Times Faster

    • Date: 12/05/17
    • Oil Price

    While OPEC has just two weeks left until the May 25th meeting to decide on an extension of its production cuts, U.S. shale is back to drilling and planning capital spending increases this year at a pace that is ten times faster than the rise in international oil companies’ budgets. Emerging from the oil price […]

    Read more
Back to top More articles: