• Guess What? High Oil Prices Spur Oil Companies To Explore And Produce

    • Date: 31/12/10

    Oil is like any other commodity: if price go up, people will produce more of it to sell. Despite the bleatings of peak oil sheep, oil companies are responding to recently elevated oil prices. Many are in fact scrambling to find and produce more oil. From giants Saudi Aramco and Exxon Mobil Corp. to five-person […]

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  • Largest Natural Gas Reserve Discovered Off Israel’s Coast

    • Date: 30/12/10

    The huge shale gas finds in North America — with ever-growing reserves — are only the beginning of the unconventional hydrocarbons revolution. A gigantic natural gas field that could yield millions of barrels of oil was recently discovered on the maritime border between Israel, Lebanon, the Gaza Strip, Cyprus, and Northern Cyprus. _FastCompany FastCompany While […]

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  • Shale Gas Revolution Goes Global

    • Date: 29/12/10

    In the U.S. and Canada, the shale gas boom has been called a “game changer” that promises abundant supplies of relatively low-cost fuel for decades. Calgary-based Talisman Energy Inc. is helping to take North America’s shale-gas boom global. Already a major investor in the most prolific plays in the United States and Canada, Talisman is […]

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  • No New Nuclear Power Plants In The Next 10 Years?

    • Date: 29/12/10

    Hitachi Ltd and partner General Electric may struggle to hit a long-term orders target for nuclear power plants due to signs of waning demand in the United States, the president of Hitachi said. Hiroaki Nakanishi also told Reuters in an interview that Hitachi was in talks with Taiwan’s Hon Hai Precision Industry Co about a […]

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  • Renewables Won’t Keep The Lights On

    • Date: 24/12/10

    In private, the best-informed analysts now agree that Britain’s environmental policies have put the country on track to have the world’s most expensive electricity. This is mainly because our competitors are almost certain to choose cheaper routes to emissions reductions, such as natural gas, or to shun emissions reductions altogether. The Coalition’s own Annual Energy Statement […]

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  • Shale Gas Reserves Grow To Compensate for Obama Energy Starvation

    • Date: 21/12/10

    The US Energy Information Administration (EIA) is reporting in its Annual Energy Outlook report that shale gas reserves are growing to compensate for losses of offshore gas brought about by Obama’s de facto moratorium on new deepwater production in the Gulf. The technically recoverable unproved shale gas resource is 827 trillion cubic feet (as of […]

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  • An Energy Revolution For Britain

    • Date: 20/12/10

    Shale gas could transform Europe’s energy markets, without costing taxpayers a penny. Last week Britain’s Department of Energy and Climate Change unveiled proposals to overhaul the country’s energy market, and specifically to create a “built-in level playing field for low carbon” energy production. Might this mean that the government will at last eradicate the price […]

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  • The Wind Subsidy Bubble

    • Date: 20/12/10

    Green pork should be a GOP budget target. Ethanol isn’t the only heavily subsidized energy source that won a multibillion dollar jackpot in last week’s tax deal. The other big winner was the wind industry, which received a one year extension of a $3 billion grant program for renewable energy projects. Talk about throwing good […]

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