• Chinese Coal Industry Sees Earnings Explode In 2016

    • Date: 30/12/16
    • Todd Royal, OilPrice

    China recently reported rising coal industry earnings. The Chinese National Bureau of statistics mentioned a growth of “157 percent in the first 11 months of 2016”, while industries such as oil and gas drilling along with power supply saw profits decline in the subsequent period. This continued use of coal mirrors the rise in coal-fired power […]

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  • Coal Demand Is Shifting To Asia

    • Date: 27/12/16
    • OilPrice

    As coal declines in Europe and America, the shift to Asia is accelerating. Coal is the preferred option to increase power generation in growing economics that face electricity shortages. In its medium-term coal market report for 2016, IEA reports that global coal demand growth has stalled after more than a decade of 4 percent annual growth, […]

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  • U.S. Shale Boom On Wave Of New Fracking Permits

    • Date: 26/12/16
    • Andrew Follett, The Daily Caller

    State governments in Appalachia have issued 229 new permits for hydraulic fracturing, or fracking, since November, according to analysis by a trade publication. Pennsylvania’s government issued 179 permits since Nov. 1. Ohio issued 43 permits and West Virginia issued seven. This is almost double the average number of permits issued during a similar period, indicating that a fracking […]

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  • China Boost Coal Production, Ends Price Rally

    • Date: 25/12/16
    • Bloomberg

    Coal’s recovery was one of the biggest surprises in commodities this year, but it’s all poised to end as output rises from China, producer of half the world’s supply. After half a decade of declines, European prices rebounded more than 80 percent as China, also the world’s biggest consumer of the fuel, boosted imports. Benchmark […]

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  • Putin: Good Prospects For Russian Coal, World’s Most Important Energy Source

    • Date: 23/12/16
    • Sputnik News

    There are good prospects for the successful development of the coal industry in Russia, President Vladimir Putin said during the annual press conference on Friday. “In the world today coal is used even more… than, I think, oil and gas. Coal remains the most important world energy component,” Putin said. The president noted that, despite this, Russia works on the development of alternative […]

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  • Obama’s Last-Minute Offshore Drilling Ban Could Be Illegal

    • Date: 22/12/16
    • Andrew Follett, The Daily Caller

    Outgoing President Barack Obama used his executive authority to “permanently” ban oil drilling in parts of the Arctic and Atlantic oceans, but this move may be illegal, according to an industry group. Obama’s administration used a legal strategy crafted by environmental activists to remove sections of the Arctic and Atlantic oceans from future offshore drilling […]

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  • New Study: Unravelling the US Shale Productivity Gains

    • Date: 22/12/16
    • Trisha Curtis, Oxford Institute for Energy Studies

    Microsoft Word – Unravelling the US Shale Productivity Gains – WPM 69   Why are US shale basins astonishingly productive despite of a low oil price environment in which operators and service companies alike are cutting costs, laying off employees, and reducing activity levels? Introduction: Several US shale and tight oil plays have exhibited robust well productivity gains over the past […]

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  • Coal in Trump’s Stocking

    • Date: 21/12/16
    • The Wall Street Journal

    A last-minute Obama regulation sets Donald up for a big win. The Obama Administration has given Donald Trump an early Christmas gift, in the form of a punitive 11th-hour regulation on coal. Issued by the Interior Department’s Office of Surface Mining Reclamation and Enforcement (OSM), the rule takes effect Jan. 19 as a classic example […]

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