“Falling oil price raises questions on viability of shale”: FT.

October 14, 2014 Gas, Oil 

FT: “Plunging share prices for US oil and gas companies in recent days have highlighted a potentially decisive factor in the looming crude price war: investor confidence.”
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Europe plots to escape high-priced Russian gas.

October 14, 2014 Gas 

FT: “….Scars from Russia’s gas cuts in 2006 and 2009 run deep across eastern Europe and, at first glance, the continent appears to be in danger again this year thanks to a seemingly unshakeable dependence on Gazprom, Moscow’s gas export monopoly.”
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China targets 100 GW PV by 2020 and no more state support.

October 13, 2014 Clean Energy 

REW.com: “….let’s jump right in and look at the latest aggressive targets now being finalized by Beijing under its upcoming five-year plan for the sector between 2016 and 2020.”
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Mark Carney: most fossil fuel reserves can’t be burned.

October 13, 2014 Climate, Coal, Finance, Gas, Oil 

Business Green: “The governor of the Bank of England has reiterated his warning that fossil fuel companies cannot burn all of their reserves if the world is to avoid catastrophic climate change, and called for investors to consider the long-term impacts of their decisions.”
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Reuters: “Privately, Saudis tell oil market- get used to lower prices.”

October 13, 2014 Oil 

Reuters (exclusive): “Suadi Arabia is quietly telling the oil market it would be comfortable with much lower oil prices for an extended period, a sharp shift in policy that may be aimed at slowing the expansion of rival producers including those in the U.S. shale patch.”
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EU subsidies: for every € going to solar, 0.67 goes to coal.

October 13, 2014 Clean Energy, Climate, Coal, Finance, Gas, Oil 

EU Press release: “The functioning of energy markets and the size and effect of government interventions has been the subject of debate for years. To date however, a consolidated dataset for government interventions in the power market of the European Union has been missing.”
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Australian government bullies ANU after divestment decision.

October 13, 2014 Climate, Coal, Finance, Gas, Oil 

Guardian: “The government has been accused of bullying the Australian National University, after Joe Hockey criticised it for divesting from a number of fossil fuel companies.”
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Exxon accuses divestment movement of fuelling global poverty.

October 13, 2014 Climate, Finance, Gas, Oil 

National Journal: “Exxon Mobil is wielding its public relations might against the fossil-fuel divestment movement, signaling that climate-change activists have struck a nerve at the world’s biggest publicly traded oil and gas company.”
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Playing Chamberlain as next the financial crisis looms.

October 12, 2014 Finance 

Larry Elliot on the Guardian: “….On Monday in Washington, the chancellor of the exchequer will see if Britain is ready for war. A financial war that is.”
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Carney on carbon-bubble risk: “vast majority of reserves are unburnable”.

October 12, 2014 Climate, Coal, Finance, Gas, Oil 

Emerging Markets: “A public call by Bank of England governor Mark Carney that the vast majority of oil reserves should be considered “unburnable” if the world wants to avoid catastrophic climate change makes him stand out among mainstream figures.”
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UK renewables companies consider Hinkley EC legal challenge.

October 12, 2014 Commentaries, Finance, Nuclear 

Guardian: “Independent energy supplier Ecotricity is among companies and organisations considering a legal challenge against the European commission decision to give the approval for the Hinkley Point C nuclear plant.”
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“The price of oil has been tumbling. The cost of finding it has not.”

October 11, 2014 Finance, Gas, Oil 

Economist: “This been a nerve-racking summer for oil companies. Since June the price of a barrel of Brent crude oil—the global benchmark—has slumped from $115 to $92, a decline of 20% and the lowest for more than two years.”
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“Is the shale boom built on a sea of lies?”

October 10, 2014 Gas, Oil 

Tyler Durden on Zero Hedge: “One of, if not the biggest contributors to the improving US trade deficit and thus GDP (not to mention labor market in select states) over the past several years, has been the shale revolution taking place on US soil, which has led to unthinkable: the US is now the biggest producer of oil in the world, surpassing Saudi Arabia and Russia. Which is great today, but what about tomorrow?”
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“Here’s why shale oil stocks are tanking.”

October 10, 2014 Finance, Gas, Oil 

Bob Pisani on CNBC: Why are shale plays getting hit so hard? The short answer is, because oil is dropping. West Texas Intermediate has gone from $105 to $85 in three months. But a large part of the problem has to do with the way shale drilling is financed.”
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Fracking setbacks dim Polish hopes for less Russian gas.

October 10, 2014 Gas 

Bloomberg: “Poland’s ambition to achieve energy independence from Russia is being undermined by drillers giving up on the nation’s shale wells after disappointing results.”
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France to cut nuclear’s share of power market to 50% by 2025.

October 10, 2014 Nuclear 

Platts: “France’s lower house of Parliament voted Friday to cut nuclear’s share of the power generation market to 50% by 2025, from 75%, the AFP Parliamentary newswire reported.”
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Pollution levels hit 20 times safe limit in northern China.

October 10, 2014 Climate, Coal, Oil 

Guardian: “Days of heavy smog shrouding swathes of northern China pushed pollution to more than 20 times safe levels on Friday, despite government promises to tackle environmental blight.”
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Oil sinks to $88, share prices plunge.

October 10, 2014 Finance, Oil 

FT: “Fears about weakening global growth drove oil prices to a four-year low on Friday, at the end of a turbulent week for financial markets that also saw world share prices drop to their lowest in seven months.”
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Gillian Tett, prescient heroine of the MBS bubble, sees no shale bubble.

October 9, 2014 Finance, Gas, Oil 

Gillian Tett on the FT: This winter Jim Ratcliffe, the British billionaire founder of Ineos, the chemicals group, is trying to spark a local shale gas revolution. He has offered to share 6 per cent of future revenues with communities or landowners if they work with Ineos to develop the energy source – far more than anything offered in the UK before.”
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66 out of 73 US shale drillers report higher reserves to public than to SEC.

October 9, 2014 Gas, Oil 

Bloomberg: “Lee Tillman, chief executive officer of Marathon Oil Corp., told investors last month that the company was sitting on the equivalent of 4.3 billion barrels in its U.S. shale acreage.” That number was 5.5 times higher than the one Marathon reported to federal regulators.”
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