• Permian Basin Is Growing Into the Largest Oil Patch in the World

    • Date: 25/04/18
    • Bloomberg

    The Permian shale play is all about setting records. Now, the region may even become the world’s largest oil patch over the next decade. Output in the basin is forecast to reach 3.18 million barrels a day in May, according to the Energy Information Administration. That’s the highest since the agency began compiling records in 2007. By […]

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  • Germany’s Wind Energy Mess

    • Date: 25/04/18
    • P. Gosselin, No Tricks Zone

    As older turbines see subsidies expire, thousands are expected to be taken offline due to lack of profitability. Green nightmare: Wind park operators eye shipping thousands of tons of wind turbine litter to third world countries – and leaving their concrete rubbish in the ground. The Swiss national daily Baseler Zeitung here recently reported how Germany’s wind industry is facing […]

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  • Germany’s Green Energy Transition Is Losing Its Risk Buffer

    • Date: 24/04/18

    Renewable energy can no longer rely on the protection of conventional power plant, Germany’s electricity sector has warned. To avert a shortfall, the government must act immediately. Otherwise, Germany’s network stability is endangered. In the next four years, renewable energy will lose some of the capacity that has hitherto been used to secure weather-dependent green electricity supply. With […]

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  • US Shale Companies Strike Cash On Higher Crude Prices

    • Date: 23/04/18
    • Financial Times

    US shale oil companies have started to generate free cash thanks to the rise in crude prices, a landmark moment for an industry that has until now relied on an inflow of capital to support its growth. Leading shale oil producers were able to cover their capital spending on new wells from their operating cash […]

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  • OPEC’s Output Fell in March, While U.S. Shale Steamed Ahead

    • Date: 20/04/18
    • Christopher Alessi, The Wall Street Journal

    Surge in U.S. shale has eaten into OPEC’s total market share OPEC said Thursday its crude oil output fell last month amid compliance with the oil cartel’s agreement to cut production, even as the world’s total oil supply continued to rise on the back of burgeoning U.S. shale growth. In its closely watched monthly oil market […]

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  • Japan’s Solar Push Threatens Environment

    • Date: 19/04/18
    • The Guardian

    As the country rushes to cut carbon emissions by 26%, campaigners worry that forests and wildlife are being trampled The tens of thousands of solar panels resting on the surface of the Yamakura dam reservoir have finally begun to earn their keep. This floating solar farm in Chiba prefecture is the biggest of its kind […]

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  • Australia Aims To Replicate US Shale Revolution

    • Date: 18/04/18
    • Financial Times

    Australia’s Northern Territory has lifted a moratorium on fracking, the process of extracting gas from shale rock, to replicate the US shale revolution in a vast region with massive mineral resources. The decision on Tuesday was welcomed by the oil and gas industry, which is promising to invest billions of dollars in exploration and create […]

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  • Study: Battery Storage Far Too Costly For Practical Use

    • Date: 17/04/18
    • Daily Caller

    Exorbitant battery storage costs prevent rooftop solar installations from paying for themselves in the long run, making home energy storage an impractical use for average UK consumers in the foreseeable future, a new study determined. As the renewable energy industry continues to draw more interest from environmentally conscious consumers, battery storage technology is becoming more sought […]

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