• French Union Raises Hinkley Challenges

    • Date: 26/01/16
    • Kiran Stacey and Michael Stothard, Financial Times

    A French union has published a set of last-minute challenges to EDF over its plans to build an £18bn nuclear power plant at Hinkley Point in Somerset, with just days to go before an expected final investment decision. People close to the deal said they expected the decision about whether the project would go ahead to happen […]

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  • The New Pause: Spain Installed Not A Single Wind Turbine For First Time Since 1980s in 2015

    • Date: 26/01/16
    • Alex Morales, Bloomberg

    Spain didn’t install a single megawatt of wind power capacity in 2015, the first time the industry has had a dead year since the 1980s. Total installed capacity stalled at 22,988 megawatts, with wind covering 19 percent of power demand in Spain last year, the Spanish Wind Energy Association, known by its Spanish initials AEE, […]

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  • OPEC ‘Cannot Destroy The US Shale Industry’

    • Date: 24/01/16
    • Ambrose Evans-Pritchard, The Daily Telegraph

    Energy guru Daniel Yergin says investors are poised to invest $60bn in fracking amid Opec war of attrition Hedge funds and private equity groups armed with $60bn of ready cash are poised to snap up the assets of bankrupt US shale drillers, almost guaranteeing that America’s tight oil production will rebound as soon as prices […]

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  • Some On The Left Finally Realise Why Rooftop Solar Is A Total Scam

    • Date: 24/01/16
    • Andrew Follett, Daily Caller News Foundation

    The progressive magazine Mother Jones recognized problems with rooftop solar Monday, including financial benefits the industry gets from renewable energy credits (RECs) and how rooftop solar doesn’t help slow global warming. Mother Jones argues credits and subsidies ensure rooftop solar companies aren’t actually helping fight global warming and instead are just enriching themselves while distracting from real solutions to […]

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  • The Shale Revolution Cannot Be Killed

    • Date: 23/01/16
    • Ed Crooks, Financial Times

    The shale revolution cannot be killed: the technological breakthroughs that made it possible cannot be unlearnt. US oil production can be expected to make a comeback when prices rebound. In most other American cities, the sign at the Conoco station advertising petrol for $1.29 per gallon would be welcome. In Spring, Texas, a suburb on the northern side of […]

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  • First US Shale Oil Tanker Arrives In Europe

    • Date: 21/01/16
    • David Sheppard, Financial Times

    The first oil tanker to sail from the US after restrictions were lifted on the country’s crude exports has arrived in Europe, a landmark moment for an industry battling a collapse in prices. Carrying a cargo dubbed “Liquid American Freedom” by the US House energy and commerce committee members, the ‘Theo T’ Panamax oil tanker […]

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  • Big Banks Brace For Oil Loans To Implode

    • Date: 19/01/16
    • Matt Egan, CNN

    Big banks are cringing as crude oil is crumbling. Firms on Wall Street helped bankroll America’s energy boom, financing very expensive drilling projects that ended up flooding the world with oil. Now that the oil glut has caused prices to crash below $30 a barrel, turmoil is rippling through the energy industry and souring many of […]

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  • Oil Price Falls Below $28 As Iran’s Oil Swells Glut

    • Date: 18/01/16
    • Ben Sharples and Anthony Dipaola, Bloomberg

    Brent crude fell to a 12-year low in London, briefly dipping below $28 a barrel, after the lifting of international sanctions on Iran paved the way for increased supply amid a global glut. Futures lost as much as 4.4 percent in London to the lowest since November 2003. Iran is beginning efforts to boost output and exports […]

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