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Energy

UK Government hits panic button over energy security

time to panic

Following the National Grid announcement that Britain faces an energy deficit next winter, the government have brought forward the capacity auction scheduled for January 2017.  The capacity auction process had been under review, with a public consultation not due to end until April 2016. The announcement comes on the back …

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Could electric cars kill the UK economy?

Electric Car

We know that electric cars are good for the environment.  And with improvements in efficiency, the latest generation of electric cars can provide a range of 200-300 miles… more than enough for almost all of our journeys.  With battery technology improving, electric car sales are starting to take off. Since …

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Frackers look to R&D to escape the misery

microscope

With no end to the global oil glut and the consequent price slump, US fracking companies are turning to research and development to provide a way out (at least one that doesn’t include mass bankruptcies) according to Reuters. When oil prices rose above $100 a barrel following the 2008 crash, …

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Iran pours cold water on world oil freeze deal

Oil storage tank

With the world already oversupplied, and with oil prices well below most countries’ break-even price, Iran has added to the misery by promising to add another million barrels per day to the glut. In an exclusive interview with CNN, Deputy Oil Minister Amir Hossein Zamaninia explained that: “We do not …

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Traffic damage amounts to a public subsidy for fracking

Fracking Lorries

While much of the public concern about hydraulic fracturing has been with the toxic chemicals deployed and the potential for increased seismic activity, less attention has been given to the impact of increased transport. Transport problems associated with fracking are likely to be a particular problem in the UK, where …

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French solar roads are about corporate handouts not green energy

solar road tiles

Have you noticed how France is starved for space these days?  Every field, parking lot and rooftop is now festooned with arrays of solar panels generating sufficient green energy to easily meet Europe’s climate change targets.  I assume that is the situation anyway, since that is the only logical explanation …

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Bill Gates to take over from Mystic Meg

Crystal Ball

One of humanity’s greatest failings is that we take someone who is accomplished in one field and assume that they are competent in all fields.  It is in this light that we should, perhaps, view Bill Gates’ claims that we will see a clean energy breakthrough in the next 15 …

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Saudi Arabia’s chest-beating is unconvincing

capped fracking well

Oil prices fell yesterday after Abdalla El-Badri, secretary-general of OPEC and Ali al-Naimi, Saudi Arabian oil minister effectively ruled out curbs in supply.  However, Ali al-Naimi’s comment that Saudi Arabia can live with an oil price as low as $20 per barrel has been treated with some scepticism. While it is …

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Will US fracking take up the slack?

Arial view of fracking

Speaking at the IHS CERAWeek conference,  Abdalla El-Badri, secretary-general of OPEC dashed hopes of a deal to address the world oil glut.  Taking claims about the increased efficiency of US fracking at face value, El-Badri claimed that any OPEC cut in production would immediately be taken up by US Shale.  …

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