Oilprice.com (October 24)
OPEC recently forecast “that demand for oil is going to continue rising at least until 2045.” In contrast, the just released Energy Outlook from the International Energy Agency forecasts that “demand for oil, natural gas, and coal is set to peak before 2030, which undermines the case for increasing investment in fossil fuels…. While the agency does admit that investment in fossil fuels will remain necessary, it claims the growth era is over.”
Tags: 2030, 2045, Coal, Demand, Energy Outlook, Forecast, Fossil fuels, Growth era, IEC, Investment, Natural gas, Oil, OPEC, Over, Peak
Financial Post (January 13)
“The peculiar clemency of Europe’s winter weather this year is proving a game changer for the region’s prevailing economic and investment trends. A halving in natural gas prices over the past month alone reflects one of the mildest winters on record in the region and takes significant sting out of the Russian gas shock that followed Moscow’s invasion of Ukraine last year.”
Tags: Clemency, Economic, Europe, Game changer, Halving, Invasion, Investment, Mildest, Natural gas, Prices, Russia, Weather, Winter, Winters
Wall Street Journal (August 26)
“Energy common sense is in short supply these days, so all the more reason to cheer Japan for rethinking its flight from nuclear power.” Germany is currently debating whether to keep “its three remaining reactors online. Maybe Japan’s decision will prove compelling. “This should be an easy call as natural gas shortages loom this winter. Advanced economies need reliable base load power, and at least Tokyo understands this.”
Tags: Advanced economies, Base load power, Common sense, Debating, Germany, Japan, Natural gas, Nuclear power, Reliable, Rethinking, Short supply, Shortages, Tokyo, Winter
Wall Street Journal (March 7)
“Oil and gas revenue makes up about half of the Kremlin’s budget and is critical to financing Vladimir Putin’s bloody war on Ukraine.” The trouble is “sanctions on Russian energy could also harm the world economy and especially Europe,” which depends on Russia for a quarter of its oil and 40% of its natural gas. “Unless the West is willing to grasp this nettle, the world will continue to finance the Putin war machine.”
Tags: Budget, Critical, Economy, Energy, Europe, Financing, Kremlin, Natural gas, Oil, Putin, Revenue, Sanctions, Ukraine, War
Wall Street Journal (October 7)
“Natural gas stocks are alarmingly low around the world, and prices in most places have never been higher after surging to new records…. Demand has jumped as economies have bounced back from pandemic shutdowns, and the squeeze has caught traders, shipowners and energy executives off guard.” Nations that “have wound down coal-fired plants and become more dependent on gas” are particularly vulnerable and, in some cases, restarting mothballed power plants despite higher GHG emissions.
Tags: Coal, Demand, Economies, Energy, GHG emissions, Natural gas, Pandemic, Prices, Records, Shipowners, Shutdowns, Squeeze, Stocks, Surging, Traders, Vulnerable
Washington Post (November 27)
“Japan is engaged in a national crisis over nuclear power, but the country has embraced natural gas. The United States, by contrast, is seeing a roiling national debate over natural gas and fracking, but concerns over nuclear power are muted. Each country is half right.” As countries invest in renewable energy, they “should keep their options open.” To successfully phase out the deadliest energy sources, e.g. coal, “the world needs fracking – and nuclear power.”
Tags: Coal, Crisis, Fracking, Japan, Natural gas, Nuclear, Renewable energy, U.S.
Bloomberg (October 10)
“Clean coal is far from real…. In the near future, carbon capture promises to be of little help in the fight against climate change—especially compared with natural gas, the increasing supply of renewable power, and the clean energy that nuclear plants produce.”
Tags: Carbon capture, Clean coal, Clean energy, Climate change, Natural gas, Nuclear, Renewable power
Washington Post (March 25)
Supplying Europe with nearly a third of its natural gas, Russia seems to give incredible leverage. This is misleading. In 2013, “natural gas represented only 22 percent of Europe’s total energy consumption.” Moreover, Europe currently has significant stores, substitute sources and substitute fuels. “The message here is simpler: The dangers of a cutoff should not intimidate the West. They’re overrated.”
Tags: Cutoff, Energy, Europe, Leverage, Natural gas, Russia, Substitutes
Washington Post (February 15)
“The United States sits atop seas of natural gas, a fuel that drives electric turbines, warms homes, heats water and even powers some big trucks. Much of this gas is in unconventional deposits that drillers have only begun to tap. Now that they have, the price of the fuel has plummeted and the United States has gone from a gas importer to a potential exporter, with decades of supply left…. The country can’t use natural gas forever, because it still produces some carbon dioxide. But gas can, for a time, serve as a low-cost alternative to dirtier fossil fuels in a program to steadily green the economy.”
Tags: CO2, Economy, Environment, Fossil fuels, Green, Natural gas, Supply, U.S.
National Geographic (November 12)
“In an indication how ‘fracking’ is reshaping the global energy picture, the International Energy Agency today projected that the United States will overtake Saudi Arabia as the world’s largest oil producer by 2017. And within just three years, the United States will unseat Russia as the largest producer of natural gas. Both results would have been unthinkable even few short years ago.”
Tags: Fracking, IEA, Natural gas, Oil, Producer, Russia, Saudi Arabia, U.S.
