• Hail Shale: USA Set To Overtake Saudi Arabia And Russia In Oil Production

    • Date: 21/01/18
    • Financial Times

    US crude production is on course to overtake Saudi Arabia and rival Russia, the International Energy Agency said, as it revised higher its 2018 growth forecast and stressed that “explosive” expansion in shale was offsetting Opec-led supply cuts. In its closely watched monthly oil market report published on Friday, the IEA said production growth was […]

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  • ‘Explosive Growth’ Of US Shale Oil Stokes OPEC Fears

    • Date: 21/01/18
    • Bloomberg

    OPEC’s fear that another surge of shale oil could neutralise its production cuts might be coming true. US oil output is set for “explosive” growth this year as prices rally, the International Energy Agency said on Friday. That was just one of a chorus of voices from Goldman Sachs group Inc to Opec itself warning […]

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  • Europe’s Green Energy Burning Is Killing 40,000 People Per Year, Study Claims

    • Date: 16/01/18
    • Linde Zuidema, Euractiv

    Domestic wood burning has become more widespread in Europe in recent years. Exposure to smoke from domestic biomass use caused 40,000 deaths across the EU28 in 2014, new study claims. The European Union’s dependence on burning solid biomass – most of it wood – to meet its renewable energy targets makes no sense environmentally. It […]

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  • U.S. Shale Revolution Set To Break Record, Upend Global Trade

    • Date: 16/01/18
    • Reuters

    Surging shale production is poised to push U.S. oil output to more than 10 million barrels per day – toppling a record set in 1970 and crossing a threshold few could have imagined even a decade ago. And this new record, expected within days, likely won’t last long. The U.S. government forecasts that the nation’s […]

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  • Green Mega-Flop: Fossil Fuels’ Share Of Total Energy Use Unchanged In 40 Years

    • Date: 13/01/18
    • P Gosselin, No Tricks Zone

    Quartz.com here presents an interesting chart which tells us the green energy revolution of the past 30 years has resulted in practically nothing. It’s been a flop. Fossil fuels remain as wildly popular as ever.   Global fossil fuel use as a share of total energy has risen since James Hansen’s 1988 testimony. Chart: Quartz.com. In the 1970s the […]

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  • OPEC Fears Oil Price Rally May Boost U.S. Shale Output

    • Date: 12/01/18
    • Reuters

    Oil’s price rally this year to its highest since May 2015 may seem a source of glee for Opec, but some in the producer group fear the gains could prompt shale companies to crank open their spigots and flood the market. Benchmark Brent crude rose further above US$68 a barrel on Tuesday, supported by oil […]

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  • German Wind Energy Market Faces Implosion

    • Date: 06/01/18
    • Handelsblatt

    Last year alone, more than 2,000 employees in the German wind energy sector lost their jobs. Locations like Carbon Rotec in Lemwerder or Powerblades in Bremerhaven have been closed. The Hamburg wind turbine manufacturer Senvion had to sack 660 full-time employees. Nordex, the second largest wind power company based in Hamburg, intends to cut up to 500 […]

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  • LOL: California’s Largest Solar Power Plant To Extract Oil

    • Date: 04/01/18
    • The Engineer

    Solar technology is set to help with the extraction of crude oil following an agreement to build California’s largest solar energy plant. Belridge Solar GlassPoint Solar will supply Aera Energy, one of California’s largest oil and gas producers, with an integrated solar plant that will be the first of its kind to use solar steam […]

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