• BBC: Can Europe Benefit From Shale Gas?

    • Date: 22/01/11

    In a field near Kirkham, between Preston and Blackpool, they are preparing to drill a well that many say could change our energy outlook. The International Energy Agency (IEA) predicts that “unconventional” resources such as shale could double our gas supply worldwide. Up until recently, most economists had forecast gas prices rising sharply as supplies […]

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  • IEA: Natural Gas Can Supply World For 250 Years

    • Date: 20/01/11

    Supplies of natural gas could last more than 250 years if Asian and European economies follow the U.S. unconventional reserves, the IEA said. The abundance of shale gas and other forms of so-called unconventional gas discovered in the United States prompted a global rush to explore for the new resource. The International Energy Agency said […]

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  • Bill Gates Jumps Into Oil Exploration; Brazil’s Reserves to Double?

    • Date: 19/01/11

    Bill Gates has read the tea leaves, and thinks that there is money in advanced oil exploration technologies. Microsoft co-founder Bill Gates is tossing his financial support behind a Houston company which hopes to utilize detailed analytics and measurement technologies to take some of the guesswork out of onshore oil and gas exploration. NEOS GeoSolutions […]

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  • China Is Swimming In New Oil And Gas

    • Date: 19/01/11

    Chinese geologists have detected “super-thick” oil and gas-bearing stratums (sic) in the northern part of the South China Sea and identified 38 offshore oil and gas-bearing basins, a senior official said on Saturday. The outskirts of Songliao Basin in Northeast China, Yin’e Basin in North China and Qiangtang Basin on the Qinghai-Tibet Plateau have also […]

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  • Cheap Gas: Nuclear Industry’s Ambitions At Risk Of Going Up In Smoke

    • Date: 18/01/11

    North America’s much-touted nuclear revival is in jeopardy, but it is not environmental and safety concerns that are undermining it. The industry is finding it increasingly difficult to make the economic case in both Canada and the United States. The enormous capital cost of building reactors is just one factor holding back the long-promised nuclear […]

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  • Russia Preparing New Energy Security Doctrine

    • Date: 17/01/11

    The dynamically changing global energy market demands the revision of Russia’s traditional cornerstones in the area. President Dmitry Medvedev therefore ordered the government to prepare a new energy security doctrine by the end of 2011. The document’s principal provisions have already been outlined. Energy security issues have always been top of the political agenda around […]

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  • 2010 Crude Oil: 50 Billion Barrels Discovered, 30 Billion Barrels Used

    • Date: 16/01/11

    With the price of oil hovering above $70 a barrel for over a year — and around $90 a barrel for several weeks — oil exploration companies can get to work discovering rich new oil fields. In 2010, more new oil was discovered than was consumed — and we can expect that trend to continue […]

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  • Robert Bryce: Obama Needs To Step On The Natural Gas Pedal

    • Date: 15/01/11

    Back on November 3, fresh from a mid-term shellacking that added 63 new Republicans to the House of Representatives, President Obama uttered two words that have been missing from nearly every energy-related discussion he’s had since he began running for president: “natural gas.” His specific words–“we’ve got terrific natural gas resources in this country”–should not […]

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