Osborne says UK must not miss out on shale gas jobs and low gas prices.

August 5, 2013 Gas 

Guardian: “George Osborne has sent a strong message to the Conservative rural heartlands, warning that he will fight any Tory backlash against fracking and saying that it would be a real tragedy if Britain allowed the shale gas energy revolution to bypass the UK.” Read more

Oil companies may be stripped of physical oil trading, amid fixing fears.

August 5, 2013 Finance, Oil 

FT: “Two weeks (ago)the European Commission had swooped on offices across Europe in pursuit of any evidence of price fixing in oil markets.” Read more

23% of asset owners factored climate into decisions in 2012 (up from 9%).

August 5, 2013 Climate, Finance 

A greater number of both institutional asset owners and asset managers are either avoiding or divesting from investments over climate concerns, according to a new study from investor climate change groups. Read more

Oil company gag bans two children for life from talking about fracking.

August 5, 2013 Gas, Oil 

Guardian: “Two young in Pennsylvania were banned from talking about fracking for the rest of their lives under a gag order imposed under a settlement reached by their parents with a leading oil and gas company.” Read more

American carbon is flowing into the global economy at its fastest ever.

August 5, 2013 Climate, Coal, Gas, Oil 

Duncan Clark in the Guardian: “Now let’s stack all those fuels on top of each other to see total carbon extraction. The resulting graph shows that that there has been no decline in the amount of carbon the US is taking out of the ground.” Read more

US shale gas boom a “one off”, says BG.

August 4, 2013 Gas 

FT: Senior executives at BG Group are predicting it could be a decade or more before widespread development of shale gas reserves occurs outside the US. Read more

Ignore fracking protests, UK government tells planners.

August 3, 2013 Gas, Oil 

Guardian: “Planning authorities have been banned from considering whether renewable energy plants would be a better fit for their communities, if they receive an application for a fracking mine.” Read more

“Yesterday’s fuel: why demand for oil will fall”: Economist front cover.

August 3, 2013 Finance, Gas, Oil 

Economist Leader: “The International Energy Agency (IEA) and America’s Energy Information Administration all predict that demand will keep on rising. One of the oil giants, Britain’s BP, reckons it will grow from 89m b/d now to 104m b/d by 2030. We believe that they are wrong” Read more

Caudrilla sanctioned for trespassing during fracking surveys.

August 2, 2013 Gas 

Guardian: “Cuadrilla repeatedly trespassed on to private land during geological surveys and in one garden marked a site for the detonation of explosive charges before being chased off, the Guardian can reveal.” Read more

Republican Party out of touch with own voters on climate, poll shows.

August 2, 2013 Climate 

Climate Progress: The survey, conducted by George Mason’s Center for Climate Change Communication, polled Republican and Republican-leaning independents and found the majority of respondents accept climate change is happening.” Read more

“Despite boom, higher costs push Big Oil into slump.”

August 2, 2013 Gas, Oil 

AP: “New troves of oil have been found all over the globe, and oil companies are taking in around $100 for every barrel they produce. But these seemingly prosperous conditions aren’t doing much for Big Oil: Profit and production at the world’s largest oil companies are slumping badly.” Read more

As much as 80% of Caribbean coral may have been lost in recent years.

August 1, 2013 Climate 

Guardian: “A major survey of the coral reefs of the Caribbean is expected to reveal the extent to which one of the world’s biggest and most important reserves of coral has been degraded by climate change, pollution, overfishing and degradation.” Read more

“Shale-boom profits bypass Big Oil”: WSJ headline.

WSJ: “Some of the world’s biggest energy companies are struggling to make money from massive bets on the shale boom in North America, where deposits of oil and gas are proving abundant but not always profitable.” Read more

“Time to renew interest in renewables?”, Goldman Sachs asks.

August 1, 2013 Clean Energy, Finance 

From the editor of Fortnightly Thoughts (no url): “The alternative energy complex is intricately intertwined with several changes that the world is currently experiencing.” Read more

Incumbency fears grow as stranded carbon assets argument gains ground.

August 1, 2013 Clean Energy, Climate, Coal, Commentaries, Gas, Oil 
Jeremy Leggett in Recharge: “In my quarter of a century of warning about the climate change threat and advocating the renewable-energy solution, I have never seen anything worry the fossil-fuel incumbency the way the carbon bubble debate has this year.” Read more

Solar energy poised for renewed takeoff: Deutsche Bank.

August 1, 2013 Clean Energy 

REneweconomy: “Deutsche Bank analysts have painted a bullish outlook for the global solar market, noting that solar PV is about to enter a “third growth phase” where it can be deployed without subsidies, and can resist a backlash from utilities.” Read more

“Shell writedown is bad news for US shale”: FT.

August 1, 2013 Gas, Oil 

FT: “Over the past few years, the oil majors have been punch drunk on US shale. Now comes the hangover.” Read more

Four Republican former EPA Administrators urge action on climate.

August 1, 2013 Climate 

NYT op-ed by Rukelshaus, Todd, Riley and Whitman: “Each of us took turns over the past 43 years running the Environmental Protection Agency. We served Republican presidents, but we have a message that transcends political affiliation: the United States must move now on substantive steps to curb climate change, at home and internationally.”
Read more

Shell CEO: Shale outside US is overhyped, UK shale is not for us.

August 1, 2013 Gas, Oil 

Telegraph: “Mr Voser said the potential for shale gas and oil elsewhere in the world had been “a little bit overhyped” and he remained “very sceptical” of its potential in Europe where it had not been proven.” Read more

US shale oil writedown cuts Shell’s profits.

August 1, 2013 Gas, Oil 

Telegraph: Q2 profits are down to what Voser calls a “clearly disappointing” $4.6bn, blamed on the disappointing US shale oil drilling results and a deteriorating security situation in Nigeria. Read more