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  • OPEC Production Keeps Declining as U.S. Shale Surges

    • Date: 13/04/17
    • The Wall Street Journal
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    OPEC said Wednesday its output had kept falling in March as members tightened compliance to agreed cuts, but said U.S. producers were enjoying a revival thanks to higher oil prices. The 13-member Organization of the Petroleum Exporting Countries committed last year to cut about 1.2 million barrels of oil a day in a bid to […]

  • For U.S. Shale, Another Boom On The Horizon

    • Date: 12/04/17
    • Collin Eaton, Houston Chronicle
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    If oil prices hold above $50 a barrel, the fledging comeback in U.S. drilling could crescendo into another oil boom over the next two years. In a report Tuesday, the Energy Information Administration said it believes a second burst of shale drilling could bring U.S. oil production close to an all-time record by the end […]

  • Environmentalists Lose Big In Battle To Stop Fracking

    • Date: 12/04/17
    • Andrew Follett, Daily Caller
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    Environmentalists lost a major lawsuit against hydraulic fracturing Wednesday, clearing one of the last major roadblocks to fracking in Britain. The Preston New Road Action Group (PNRAG) sued to stop fracking in Lancashire, England. High Court Justice Ian Dove threw out the suit, dealing PNRAG a huge setback. Dove ruled PNRAG’s lawsuit was groundless, and “not […]

  • The Opportunity Cost of Renewables Investment

    • Date: 12/04/17
    • Dr John Constable: GWPF Energy Editor
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    In a statement announcing the latest round of auctions for Contracts for Difference the UK government has reported capital investment of £52 billion in renewable electricity generation over the period from 2010 to the present day, which implies an average capital cost of about £2.5m/MW, five times the cost of Combined Cycle Gas Turbines. This […]

  • Paris Accord Is A Dead Deal Walking As $100 Billion Climate Fund Disappears

    • Date: 12/04/17
    • The American Interest
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    Shocking news—the magic $100 billion climate fund appears not to be taking shape! Even optimistic estimates sat the fund is $40 billion short, and developing countries say that understates the problem. The Financial Times: Climate ministers from Europe, India, Brazil and South Africa have gone to Beijing in recent weeks, hoping to sustain momentum from the […]

  • Cheap Coal Drives China’s New Coal Boom

    • Date: 12/04/17
    • Lucy Hornby, Financial Times
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    Coal conversion has become profitable in China because of an unusual combination of low coal and higher gas and petrol prices. An existing coal conversion plant in Ningdong © Getty Water-guzzling coal-conversion projects are springing to life in arid western China, setting the stage for the large-scale deployment of what was previously a niche industry. […]

  • Frack On! Anti-Fracking Campaigners Lose High Court Battle

    • Date: 12/04/17
    • ITV News
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    Fracking looks set to go ahead on a Lancashire site after campaigners lost a High Court challenge. Opponents urged the court to find a government decision approving planning for the site in Fylde either unfair or unlawful. The planning application, by developer Cuadrilla, was refused by Lancashire County Council in 2015 but later granted following an appeal. […]

  • Boom & Bust: Global Green Energy Investment Drops Nearly 20% Since 2016

    • Date: 12/04/17
    • Bloomberg New Energy Finance
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    Clean energy investment totaled $53.6 billion worldwide in the first quarter of this year, down 17% from Q1 2016 but only 7% down from the final quarter of last year. The data show a mix of strong and weak features in Q1 2017. New Investment in Clean Energy by Region, Q1 2014 – Q1 2017 ($BN) […]

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