• Coal Boom Continues To Dominate Global Industrialization

    • Date: 27/08/14
    • Holly Welles, Princeton Environmental Institute
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    The number of new coal and gas-fired power plants is rapidly growing and very few old ones are being retired. Almost the entire developing world is relying on coal for its industrialization. The world’s accounting system for carbon emissions, run by the United Nations, disregards capital investments in future coal-fired and natural-gas power plants that […]

  • Germany’s Expensive Gamble On Renewable Energy

    • Date: 27/08/14
    • Matthew Karnitschnig, The Wall Street Journal
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    German government estimates the Energiewende to cost up to €1 trillion by 2040, or about $1.4 trillion, or almost half Germany’s GDP and nearly as much as the country spent on the reunification of East and West Germany. In a sandy marsh on the outskirts of this medieval hamlet, Germany’s next autobahn will soon take […]

  • Fracking Boom Continues To Drive U.S. Gas Prices Downward

    • Date: 26/08/14
    • Michael Bastasch, The Daily Caller
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    Despite conflicts in the Middle East, U.S. drivers are seeing gasoline prices plummet thanks to huge increases in domestic crude oil production from hydraulic fracturing, or fracking. Booming U.S. crude oil production has helped put downward pressure on prices, which have been reflected at the pump. Bloomberg recently reported that the average price for gasoline […]

  • Chinese State Firms Seek Private Companies To Tap Shale Gas

    • Date: 25/08/14
    • Eric Ng and Bien Perez, South China Morning Post
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    State-backed oil and gas firms are increasingly looking to tap the expertise of technology companies – mainly in the private sector – to enhance their technical capabilities, operating efficiency and profitability. China Petroleum & Chemical Corp (Sinopec), the mainland’s second-largest oil and gas firm, has taken the lead in the trend, forming partnerships with foreign […]

  • Ukraine Faces Difficult Winter Without Russian Gas – PM

    • Date: 24/08/14
    • Reuters
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    Ukraine faces a long and cold winter, Prime Minister Yatseniuk warned on Friday, saying the country needs a further 5 billion cubic metres of Russian gas and may need to import coal due to the impact of the conflict in its industrial eastern regions. Months of fighting between government forces and separatist rebels in eastern […]

  • China’s Natural Gas Demand Set To Triple by 2040

    • Date: 23/08/14
    • Nick Cunningham, Oil Price
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    China’s demand for natural gas will more than triple over the next 25 years, according to a new report from the U.S. Energy Information Administration. Natural gas demand in China is projected to hit 17.5 trillion cubic feet (tcf) in 2040, a greater than three-fold increase from the 5.2 tcf of demand in 2012. There is a […]

  • Refracking Ready To Rejuvenate Shale Revolution

    • Date: 20/08/14
    • Walter Russell Mead, The American Interest
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    Wells sunk as little as three years ago are being fracked again, the latest innovation in the technology-driven shale oil revolution. Thanks to the dual-deployment of horizontal well drilling and hydraulic fracturing, oil and gas firms have unlocked massive new reserves across the United States, completely transforming America’s energy fortunes in just a matter of years. […]

  • Hail Shale: New Mexico Oil & Gas Industries See Record Production

    • Date: 20/08/14
    • Jason Gibbs, Carlsbad Current-Argus
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    “10 years ago we were running out of oil and natural gas. Now the United States are the world’s largest producer of natural gas and will soon be the world’s largest on oil.” The wide-open vistas of southeastern New Mexcio are becoming home to more and more oil and gas production as the state is […]

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