• OPEC’s Grand Plan To Tame U.S. Shale Has Failed

    • Date: 23/04/17
    • Julian Lee, Bloomberg

    OPEC’s battle with shale has only just begun and initial evidence suggests it may already have  been lost. It was all so simple. By lifting restraints on output, Saudi Arabia would stop subsidizing high-cost oil producers and halt the rapid rise in U.S. production that was eating into OPEC’s market share. At least, that was […]

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  • How The Shale Revolution Turned The World Upside Down

    • Date: 22/04/17
    • Robert Rapier, Forbes

    The shale revolution has sent shockwaves not only across the country but around the world. Ultimately OPEC responded to the threat with a price war to win back market share that was being lost. To date, it looks like that strategy has failed, but this is a game with many innings still to be played. Overemphasizing […]

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  • Pruitt Takes Steps To Roll Back Obama’s Fracking Rules

    • Date: 20/04/17
    • Washington Examiner

    The Environmental Protection Agency on Wednesday took a new step in enacting President Trump’s executive order to roll back Obama-era energy regulations by granting industry petitions to reconsider methane emission rules for fracking. “EPA is continuing to follow through with President Trump’s Energy Independence Executive Order,” said EPA Administrator Scott Pruitt. “American businesses should have […]

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  • U.S. Energy Secretary Says Coal Retirements Threaten To Destabilize The Grid

    • Date: 19/04/17
    • Ars Technica

    Renewables have “destroyed jobs” and diminished energy diversity, Rick Perry claims. Department of Energy (DOE) Secretary Rick Perry ordered a review (PDF) of electricity markets and reliability late last week, saying that “certain policies” have hindered the development and use of baseload energy sources like coal. Although Perry never mentions renewable energy explicitly in his letter, he […]

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  • China’s Gas And Coal Production Rising Strongly

    • Date: 17/04/17
    • Bloomberg

    China’s natural gas production surged to a record last month and coal output rebounded as economic growth accelerated power use in the world’s largest energy user. Natural gas production in March rose 8.2 percent from the average of the first two months of the year to a record 13.6 billion cubic meters, according to data Monday […]

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  • U.S. Energy Secretary Orders Review To Determine If Green Energy Is Killing Coal

    • Date: 16/04/17
    • Chris White, Daily Caller

    Energy Secretary Rick Perry ordered a study Friday examining to what extent solar and wind power are hurting what the Trump administration considers reliable forms of coal power. Perry, a Texas Republican who served as governor of an energy-rich state, wants the Energy Department to undergo a 60-day review of the energy grid to determine […]

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  • Huge! Geologists Discover The US’s Largest Natural Gas Deposit

    • Date: 14/04/17
    • Andrew Follett, Daily Caller

    The U.S. Geological Survey (USGS) discovered the largest continuous natural gas deposit in the country, stretching across the Gulf Coast states of Texas and Louisiana. USGS estimates between 4 billion barrels of oil and 304.4 trillion cubic feet of natural gas sit untapped in the Haynesville and Bossier shale formations. More natural gas was found […]

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

    • Date: 13/04/17
    • The Wall Street Journal

    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 […]

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