• Fast-Rising U.S. Shale Oil Output Puts OPEC Cut At Risk: Rystad

    • Date: 28/04/17
    • Reuters

    Shale oil output in the United States is rising much faster than expected and gaining market share globally, increasing the risk of a “volume war” with OPEC and weaker oil prices, the founder of oil and gas consultancy Rystad Energy said. Rystad Energy expects U.S. shale oil output to grow by 100,000 barrels per day […]

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  • Anti-Shale Europe: Companies Ready To Fund $5.1 Billion For Russia Gas Pipeline

    • Date: 25/04/17
    • The Wall Street Journal

    European energy firms pledged Monday to finance half the cost of a natural-gas link from Russia to Germany, lending support to a pipeline plan that is fueling tensions within the European Union. A consortium of five companies said they would provide up to €4.75 billion ($5.1 billion) in long-term financing to Nord Stream 2 AG, […]

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  • Radical Greenies Make Natural Gas Their Next Target

    • Date: 24/04/17
    • The American Interest

    Now that coal has been toppled from its perch as America’s biggest source of power, environmentalists are ready to move on down the fossil fuel list and tackle what they perceive as another enemy of the planet: natural gas. Bloomberg reports: U.S. environmentalists have vowed to go after gas-fired power plants with the same vengeance they’ve […]

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  • OPEC’s Grand Plan To Tame U.S. Shale Has Failed

    • Date: 23/04/17
    • Julian Lee, Bloomberg

    OPEC’s battle with shale has only just begun and initial evidence suggests it may already have  been lost. It was all so simple. By lifting restraints on output, Saudi Arabia would stop subsidizing high-cost oil producers and halt the rapid rise in U.S. production that was eating into OPEC’s market share. At least, that was […]

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  • How The Shale Revolution Turned The World Upside Down

    • Date: 22/04/17
    • Robert Rapier, Forbes

    The shale revolution has sent shockwaves not only across the country but around the world. Ultimately OPEC responded to the threat with a price war to win back market share that was being lost. To date, it looks like that strategy has failed, but this is a game with many innings still to be played. Overemphasizing […]

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  • Pruitt Takes Steps To Roll Back Obama’s Fracking Rules

    • Date: 20/04/17
    • Washington Examiner

    The Environmental Protection Agency on Wednesday took a new step in enacting President Trump’s executive order to roll back Obama-era energy regulations by granting industry petitions to reconsider methane emission rules for fracking. “EPA is continuing to follow through with President Trump’s Energy Independence Executive Order,” said EPA Administrator Scott Pruitt. “American businesses should have […]

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  • U.S. Energy Secretary Says Coal Retirements Threaten To Destabilize The Grid

    • Date: 19/04/17
    • Ars Technica

    Renewables have “destroyed jobs” and diminished energy diversity, Rick Perry claims. Department of Energy (DOE) Secretary Rick Perry ordered a review (PDF) of electricity markets and reliability late last week, saying that “certain policies” have hindered the development and use of baseload energy sources like coal. Although Perry never mentions renewable energy explicitly in his letter, he […]

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  • China’s Gas And Coal Production Rising Strongly

    • Date: 17/04/17
    • Bloomberg

    China’s natural gas production surged to a record last month and coal output rebounded as economic growth accelerated power use in the world’s largest energy user. Natural gas production in March rose 8.2 percent from the average of the first two months of the year to a record 13.6 billion cubic meters, according to data Monday […]

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