• Flawed Windfarm Subsidies Will Add £1.5bn To Bills

    • Date: 16/05/18
    • Emily Gosden, The Times

    Consumers will pay about £1.5 billion too much for electricity from new offshore wind turbines because ministers awarded unnecessarily generous subsidies, the public spending watchdog has found. The government awarded contracts last year committing households and business to paying up to £176 million a year on their energy bills for 15 years to subsidise three […]

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  • Germany Must Prepare For “Wind Turbine Decommissioning Wave”

    • Date: 15/05/18
    • Clean Energy Wire

    Many of Germany’s 28,000-odd onshore wind turbines will soon meet the end of their guaranteed 20-year feed-in tariff lifespan, meaning that the country can expect “a decommissioning wave” in the sector, Hinrich Neumann writes for Top Agrar. The Institute for Integrated Production Hannover estimates that about 2.4 gigawatts (GW) of installed capacity will lose eligibility for guaranteed payments annually, […]

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  • US Will Be ‘Very Strong’ For Next 15-20 Years Due To Shale Boom

    • Date: 14/05/18
    • CNBC

    The growth of the shale industry will strengthen the U.S. for the next 15 to 20 years, Borealis Chief Executive Mark Garrett told CNBC on Sunday. “We’re very positive on the U.S. because the shale oil, the shale gas, we think that the ethane pricing, and the ethane through to polyethylene — and you could […]

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  • American Shale-Oil Producers Are On A Roll

    • Date: 11/05/18
    • The Economist

    Surprisingly, they have not yet roiled the oil markets JUST over a year ago Harold Hamm, billionaire boss of Continental Resources, one of the biggest shale-oil producers in America, issued a stern warning to his fellow frackers. Drill with restraint or we will “kill the market”, he said. This month the 72-year-old Mr Hamm, son […]

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  • Shale Boom: US Could Produce 12 Million Barrels Of Oil A Day By 2019

    • Date: 10/05/18
    • The Daily Caller

    U.S. crude oil production could top 12 million barrels per day by the end of 2019, according to the latest Energy Department (DOE) forecast released on Tuesday. The U.S. Energy Information Administration, the DOE’s statistics arm, (EIA) projects U.S. crude output would grow by more than 1.5 million barrels per day over the next two years, primarily […]

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  • Iran Sanctions May Boost U.S. Crude Exports

    • Date: 09/05/18
    • Bloomberg

    A revival of U.S. oil sanctions on OPEC’s third-largest producer may set the stage for record-high U.S. crude exports by the end of this year. President Donald Trump’s decision to exit the 2015 Iran nuclear deal and reinstate sanctions on the Islamic Republic will remove Iranian oil from the global market, pushing prices higher and […]

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  • Shale Drillers Face New Test of Will as Crude Tops $70 Mark

    • Date: 08/05/18
    • Bloomberg

    For the oil industry, $70 offers a test of wills. With benchmark U.S. crude prices crossing the $70 a barrel threshold on Monday, the shale drillers who helped upend global markets now face a new challenge: Do they stick with promises of fiscal discipline and avoid new production? Or is it time to turn on the […]

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  • Shale Boom To Keep Oil Markets Under Pressure

    • Date: 07/05/18
    • Gulf News

    Abu Dhabi: Oil markets are expected to remain pressured throughout 2018 due to a rise in shale production, experts said. Oil prices are currently trading higher due to the strict implementation of an output cut agreement by the Organisation of Petroleum Exporting Countries (Opec) and non-Opec members, which seeks to lower global oil inventories to […]

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