• Wind Farms Undermine Energy Security, Says Australian Prime Minister

    • Date: 08/10/16
    • Andrew Follett, The Daily Caller

    Wind turbines are wrecking Australia’s power grid and undermining its energy security, the country’s prime minister told state energy officials Friday. Prime Minister Malcolm Turnbull blamed South Australia’s state government for putting too much emphasis on generating electricity from wind farms, placing the country’s power grid and energy security at risk by “distorting the national energy market.” “This has […]

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  • Oil Forever? New Technological Breakthroughs Sweeping Oil Markets

    • Date: 01/10/16
    • Tracy Alloway, Bloomberg

    New technological breakthroughs are helping turn unprofitable wells into moneymakers and allowed companies to keep pumping even in the face of crude prices that have more than halved over the past three years. Last spring, Statoil ASA announced it had used the same oil well design and components to drill three reservoirs for the price […]

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  • OPEC ‘Truce’ May Jump-Start U.S. Fracking

    • Date: 30/09/16
    • Patti Domm, CNBC

    OPEC’s promised production deal will probably prop up oil prices, but it may also jump-start more U.S. shale drilling — which would go against the very reason the cartel started a price war in the first place.   Analysts at both Bank of America Merrill Lynch and Citigroup pointed to the possibility that OPEC’s move toward […]

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  • Resilient U.S. Shale Firms Ready to Pump More Oil

    • Date: 28/09/16
    • Lynn Cook and Bradley Olson, The Wall Street Journal

    When oil prices began to plunge two years ago due to a global glut of crude, experts predicted U.S. shale producers would be the losers of the resulting shakeout. But the American companies that revolutionized the oil and gas business with hydraulic fracturing and horizontal drilling are surviving the carnage largely unbowed.   Though the […]

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  • After Paris: Mexico To Open Its Shale Fields To U.S. Drillers Next Year

    • Date: 25/09/16
    • David Hunn, Houston Chronicle

    After years of delay, Mexico could open up its vast shale oil fields to U.S. drillers as soon as next year, the Mexican secretary of energy said Friday. Pedro Joaquin Coldwell, speaking to energy executives, attorneys and academics at Rice University, said that the long-suspended auctions for northern Mexico’s shale fields could reopen after the […]

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  • Paris Climate Deal Signed, China Starts Raising Coal Production

    • Date: 23/09/16
    • Reuters

    Major Chinese coal producers have started raising production, the China Securities Journal reported on Wednesday (21/09), potentially unleashing 11 million tonnes of new supply each month onto the market and derailing the meteoric rally in Asian prices. The move followed a meeting earlier this month to draw up a draft proposal that would allow miner […]

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  • Obama’s Africa Power Plan Falls Short, Leaving Continent In Dark

    • Date: 22/09/16
    • Toluse Olorunnipa and Tope Alake, Bloomberg

    President Barack Obama’s signature initiative for Africa — a $9.7 billion plan to double electricity access in the world’s poorest continent — has fallen well short of its goals, so far producing less than 5 percent of the new power generation it promised. President Obama talks with a solar-power businessperson in Kenya; photo Jonathan Ernst / […]

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  • China Funds And Builds Europe’s New Coal Power Plants

    • Date: 20/09/16
    • Maja Zuvela, Reuters & SeeNews

    The Balkan region’s first privately-funded power plant came online on Tuesday, increasing the region’s dependency on coal-fired power stations even as environmental concerns are driving them to the brink of the extinction elsewhere in Europe. It was built by China’s Dongfang Electric Corp and financed with the help of a 350 million euro ($391.13 million) loan […]

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