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Energy

The Overton window will leave us cold

UK energy driving off a cliff

Listeners to the BBC Today programme this morning will have heard the interview with Ralf Speth, CEO of Jaguar Land Rover (JLR), about the company’s plans to introduce several new lines of electric and electric hybrid cars.  In the course of the interview, Speth dropped three bombshells that threaten to …

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Maybe it is time to stop polishing

UK oil sunset

Oil and Gas UK – the industry trade body – has its annual report out today.  The report seeks to put a gloss on the future of an industry whose stay of execution is only temporary.  According to Oil and Gas UK: “Almost $6 billion worth of mergers and acquisitions …

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Green Valium for the masses

Green Valium

So-called ‘green energy’ is shaping up to be a wannabee Ponzi scheme reminiscent of the US fracking bubble.  It began with crowd-funded nonsense such as the idea that putting solar panels on the road so that cars and trucks can drive over them might be a good investment.  Since then, …

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Arctic oil doesn’t exist

Arctic oil rig

The supposed silver lining in the large storm cloud that is global ice melt, was that in the absence of the Arctic ice cap, oil companies would be free to drill into virgin seabed. Nowhere was this more so than the Barents Sea above Norway’s North Cape, which was promoted …

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When the party comes to an end

Empty bottles at the end of the night

  Nicole Foss famously compared the oil industry to a late night drinking binge.  The early oil found in pressurised deposits just 70 feet beneath the ground was the best booze.  The North Sea was the cheap stuff.  Hydraulically fractured shale oil and tar sands, though, are the last-ditch equivalent …

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Electric cars: more disruptive than we bargained for

Electric car chassis

The UK is the latest in a growing list of countries to announce bans on petroleum vehicles.  This has led to understandable concerns about the ability of national electricity grids to cope with the massive demand for additional electricity that such a ban implies.  The thinking appears to be that …

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The ‘shale revolution’ ends with a bang

Fracking explosion

As British frackers struggle to drill a handful of test wells, the US ‘shale revolution’ on which their efforts are predicated looks to be coming to an end. The reasons for its demise will send shivers through UK investors as they realise that it has nothing to do with the …

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UK energy review is a danger to us all

Energy Review

The UK government review of energy costs is unlikely to result in pleasant reading for anyone.  This is because the chosen reviewer, Oxford University professor Dieter Helm, has a long track record of telling unpleasant energy truths about the cost of renewable electricity while overlooking the equivalent problems with gas. …

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Energy is a bigger problem than Brexit

Electricity crisis

The temptation is to jump on the bandwagon and attack British Gas owner Centrica for profiteering and for participating in a cartel in the wake of its 12.5% hike in electricity prices.  It is certainly difficult to feel any sympathy for a multinational corporation that raked in profits of £816 …

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