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Energy

National Grid faces funding crisis

Broken Grid

From the moment Britain’s energy supplies went into irreversible decline in 1999, the National Grid was doomed.  The only questions were about how long the process would take to unfold, and what we might do to replace it. The reason for this is quite simple – National Grid is funded …

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Trump’s energy policy is nonsensical

US Coal

Presidential hopeful Donald Trump’s energy policies have already been dismissed by environmentalists as devastating to the biosphere .  But Trump is unlikely to care, not least because a large part of his support comes from climate change deniers.  Far more damaging is the criticism from energy insiders that Trump’s policies are …

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Is Big Oil becoming financialised?

Finance

Financialisation of an industry or sector of the economy occurs when there is more money to be made out of the debts it carries than the goods and services it produces.  The housing sector, for example, has been financialised since deregulation began in the mid-1980s.  More recently, the hydraulic fracturing …

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Don’t bet on fracking just yet

Cash

Supporters of Fracking can take cold comfort from North Yorkshire’s approval of Third Energy’s plans to frack their KM8 well near Kirby Misperton, according to David Powell at New Economics Foundation: “The beleaguered fracking industry has spent five years watching lengthy slumps in both international gas prices and public support …

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Fracking is a dangerous fantasy

Gas drilling

The myth of “Saudi America” is little more than a sick joke for people in the ghost towns at the heart of the US shale plays.  The fracking bubble has long since burst.  Most of the shale oil and gas firms have gone bust.  And now local communities have to …

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The Fracking Ponzi gathers pace

Energy Traders

We cannot know for sure what prompted North Yorkshire Council to approve Third Energy’s application to hydraulically fracture its KM8 well near Kirby Misperton despite considerable local opposition.  The council will no doubt have taken account of change to UK policy that mean that ultimately Third Energy’s application will receive …

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How you know you’re in an energy crisis

Pylons in twilight

Britain faces a looming energy crunch that is in its way as bad as the credit crunch of 2008.  The crisis is threefold.  First, the UK’s internal supply of fossil fuels has been falling rapidly.  The North Sea is now producing just a third of the oil and gas that …

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UK to secure 10% of its power from offshore wind

Offshore Wind

Despite the best efforts of the UK government, 10 percent of Britain’s energy will be generated from offshore windfarms thanks to a deal between SSE, Copenhagen Infrastructure Partners and SDIC Power of China, to build Beatrice offshore wind farm, according to industry trade body RenewableUK.  RenewableUK’s Chief Executive Hugh McNeal …

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Could we turn trains into batteries?

Steep Rail

Without electricity storage, we stand no chance of maintaining our economy using renewable energy.  Unfortunately, we lack any scalable battery technology to meet this challenge.  However, the problem might be that we are looking for answers in the wrong places.  Rather than a single hi-tech solution, a dispersed combination of …

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