• Oil Slumps to Lowest Since 2003 on Global Recession Threat

    • Date: 18/03/20
    • Bloomberg

    Oil extended its slide to the lowest level in almost 17 years as the coronavirus pandemic threatens to bring the global economy to a standstill, battering demand just as supply explodes. Futures in New York fell as much as 4.2% to $25.83 a barrel, the lowest since May 2003, extending losses this week to almost 18% in […]

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  • Czech PM Urges EU to Ditch Green Deal Amid Virus

    • Date: 17/03/20
    • Euractiv

    The Czech premier, whose country depends on nuclear energy and coal, said Monday (16 March) the European Union should ditch its landmark green law seeking carbon neutrality as it battles the novel coronavirus. “Europe should forget about the Green Deal now and focus on the coronavirus instead,” Prime Minister Andrej Babiš told reporters. “Europe is […]

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  • Coronavirus Crisis: Putin Dumps Saudi Arabia To Start War on America’s Shale Oil Industry

    • Date: 07/03/20
    • Bloomberg

    The coronavirus’s impact on the global economy is still unclear and with millions more barrels poised to flood the market, Wall Street analysts are warning oil could test recent lows of $26 a barrel. At 10:16 a.m. on a wet and dreary Friday morning, Russia’s energy minister walked into OPEC’s headquarters in central Vienna knowing his boss […]

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  • Global Oil Producers Face Brutal Reckoning After Epic OPEC+ Fail

    • Date: 07/03/20
    • Bloomberg

    The alliance between Saudi Arabia and Russia was the only thing that kept the world oil market from tumbling into the abyss. Now its collapse threatens to plunge the industry into a generation-defining freefall with few precedents in modern history. OPEC+ ministers left a fractious meeting in Vienna Friday afternoon with no deal to continue restraining output, raising the […]

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  • Pontificating Politicians Plan To Outlaw The Engine, But Forecasters Say Nothing Much Changes

    • Date: 20/02/20
    • Neil Winton, Forbes

    Virtue signalling politicians compete with each other to bring forward the theoretical day when carbon dioxide (CO2) is eliminated from our cars, trucks, ships and airliners, but experts say this is not going to happen any time soon and traditional engines will retain dominance for years to come. Prime Minister Boris Johnson declared Britain would […]

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  • Natural Gas Is Next Target Of Climate Activists

    • Date: 20/02/20
    • National Geographic

    “Natural gas is a much ‘dirtier’ energy source than we thought…” In the thick of a Greenland summer of field work in 2015, Benjamin Hmiel and his team drilled into the massive ice sheet’s frozen innards, periodically hauling up a motorcycle-engine-sized chunk of crystalline ice. The ice held part of the answer to a question that had […]

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  • Cheap Gas Imperils Net Zero & Undercuts Wind And Solar

    • Date: 15/02/20
    • Bloomberg

    Natural gas prices are likely to stay low for decades, making it almost impossible for states, cities and utilities to achieve zero-carbon in power production by 2050 or earlier. This will almost certainly be a record-breaking year for the advance of solar and wind power across the U.S. The additions that are in progress or planned […]

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  • End Of A Giant Con Trick: Wind Giants In Germany No Longer Keen On Market Rates

    • Date: 10/02/20
    • Bloomberg

    The first time Germany auctioned offshore wind projects, developers were happy to forgo any subsidies, confident the technology was robust enough to turn a profit unaided. Now, they’re not nearly so sure. Germany’s offshore wind giants now are looking at a U.K. program that would ensure they get paid enough for their power, no matter what […]

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