• Germany Faces Huge Cost Of Wind Farm Decommissioning

    • Date: 17/09/15
    • Franz Hubik, Handelsblatt

    In Germany, more and more wind turbines are being dismantled. The reason: subsidies are running out, the material is worn out or it is simply more profitable to replace old wind turbines with new ones. The dismantling, however, is extremely complex and expensive. This German wind turbine was toppled after 19 years of service, photo dpa […]

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  • Low Oil Price Drives New Shale Revolution

    • Date: 16/09/15
    • Reuters

    Easy money, super-sized frack jobs, and desperate drillers offering deep discounts to oil producers – all three have been credited for sustaining U.S. crude output during the worst price slump in six years. Now there appears to be a new factor in the mix: old vertical wells that can quickly be drilled, injected with water […]

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  • India To Double Coal Production By 2020

    • Date: 13/09/15
    • Debjoy Sengupta, Times of India

    Coal India’s plan to double production to almost 1 billion tonnes by 2020 hinges precariously on the successful completion of 25 key projects that are meant to deliver half the targeted output.  For most of these projects, land is yet to be acquired, environmental approvals have to be obtained and transportation of coal by rail, […]

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  • Aguilera & Radetzki: Climate Policy With Low Oil Prices

    • Date: 10/09/15
    • Roberto F. Aguilera and Marian Radetzki

    From Roberto F. Aguilera and Marian Radetzki’s new book The Price of Oil, Forthcoming, Cambridge University Press, November 2015 In our forthcoming book, The Price of Oil, we argue that although oil has experienced an extraordinary price increase over the past few decades, a turning point has now been reached where scarcity, uncertain supply and high […]

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  • Nations Struggle To Mimic US Shale Success

    • Date: 09/09/15
    • Ed Crooks, Financial Times

    From Argentina to Britain to China, countries with suitable reserves have been attempting to emulate the shale revolution of the US, even though most lack the conditions that made it possible for that industry to flourish. Progress so far has been slow, and the fall in oil prices to below $50 per barrel has dealt a […]

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  • For Russia, Oil Collapse Has Soviet Echoes

    • Date: 08/09/15
    • Greg Ip, The Wall Street Journal

    Dependence on oil and gas revenue has undermined Russia’s long-term economic fortunes Russian President Vladimir Putin, in Beijing on Wednesday to participate in events marking the end of World War II, used high oil prices to cement his hold on power domestically and to flex Russia’s muscles internationally. PHOTO: METZEL MIKHAIL/TASS/ZUMA PRESS For most countries, the economic […]

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  • Cheap Oil: Uncompetitive Shale Companies Braced For Bankruptcies

    • Date: 07/09/15
    • Ed Crooks, Financial Times

    Falling oil prices put groups with high costs under severe financial strain The world may run on oil, but the oil industry runs on capital, and for US shale producers that capital is starting to dry up.Earlier in the year it was still relatively easy for US exploration and production companies to raise capital by […]

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  • Wind Farm Investment Plunges With Power Prices in Nordic Region

    • Date: 04/09/15
    • Anna Hirtenstein Rachel Morison, Bloomberg

    Investors are pulling back from wind farms in Nordic nations as the lowest electricity prices in 12 years cut the profitability of new projects. No wind farms were commissioned in Sweden in the second quarter, compared to 50 megawatts in the same period a year earlier, according to the nation’s wind association. Investment in utility-scale […]

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