Energy

With oil prices still struggling to reach $50 per barrel after two years of unsustainably low prices, energy companies are filing for bankruptcy, hundreds of thousands of workers are being laid off, and governments are struggling to make up for the lost tax revenue.  If this were not bad enough …

A few years ago, eye-wateringly high oil prices combined with concern about climate change gave impetus to the manufacture of electric vehicles.  Several companies were already producing hybrid cars that switch between electric and petroleum motors.  But rising oil prices paved the way for entirely electric vehicles.  These are now …

Chris Matthews at Fortune repeats the somewhat incredible claim that: “According to a new analysis from oil and gas consulting firm Rystad Energy, the United States is the country with the largest volume of oil reserves, with Russia and Saudi Arabia coming in second and third, respectively.” Based on estimates …

Electricity industry insiders are calling for a radical shake up of the way in which energy bills are calculated in an attempt to prevent the UK descending into an energy death spiral.  The latest to speak out are Iain Conn, CEO of British Gas owner Centrica, and Vincent de Rivaz, …

The steady rise in world oil prices in the first half of the year has given a flicker of hope to an energy industry whose profits have taken a serious hit.  There have even been a few new fracking operations in the US shale patch, while the banks have agreed …

The internet sits at the heart of what is believed to be the greenest type of economy – the so-called knowledge economy.  Green, because the tools of the new economy – laptops, tablets, smartphones, 3d-printers, etc – are very low energy devices.  Green too, because the digital products – mp3 …

Like Britain, Holland has adopted a policy of shutting down ageing and dirty coal-fired power stations and replacing them with a combination of renewable energy and new gas-fired power stations.  However, like Britain, Holland has to balance these environmental plans against the political imperative of keeping energy bills as low …

One of the more mendacious claims put out by the Vote Leave campaign in the run up to the Referendum on 23 June was that Britain’s energy bills would come down.  This was always a flaky claim given that the world is still heavily dependent upon fossil fuels, and that the cost of extracting …

While the heads of Western governments and financial organisations were firefighting the unexpected result of Britain’s Brexit referendum last weekend, a much greater threat to Western economies was occurring on the other side of the planet. According to Denis Dyomkin at Reuters: “Russia and China sealed a raft of energy …

Chris Faulkner, the controversial CEO of US fracking company Breitling Energy Corp has been charged with defrauding investors out of more than $80millon to fund a lifestyle of decadence and debauchery. The US Securities and Exchange Commission has charged the self-styled “Frack Master” and several other senior Breitling managers with …