Now Even China Cuts Green Subsidies
Friday, 03 February 2012 13:15
Bloomberg
China, the world’s biggest producer of solar panels, cut subsidies for demonstration sun-power projects approved in 2011 and this year after the cost of components declined.
The government reduced the subsidy for projects approved last year by 11 per cent to 8 yuan ($1.3) a watt, the Ministry of Finance said in a statement yesterday. It will...
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Peter Orszag: Fracking Boom Could Finally Cap Myth of Peak Oil
Thursday, 02 February 2012 10:20
Peter Orszag, Bloomberg
The U.S. oil market could be on the verge of its own fracking revolution, similar to what the natural-gas market is already experiencing. As a result, domestic production is now projected to rise significantly over the coming decades, reducing the relative share of imports in U.S. oil consumption.
Advances in horizontal drilling and...
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Shale Gas 'Could Supply Northern Ireland For 50 Years'
Wednesday, 01 February 2012 15:37
Jim Fitzpatrick, BBC News
Preliminary results show there could be enough shale gas to guarantee security of natural gas supply for Northern Ireland over 50 years.
There could be enough natural gas trapped within shale rock in County Fermanagh to supply all the gas Northern Ireland needs for decades.
The claim has come from the exploration company with a licence for the...
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Oil Dictatorships Require High Oil Prices: Can They Hold?
Tuesday, 31 January 2012 23:28
Al Fin Energy
Oil dictatorships from Saudi Arabia to Iran to Venezuela to Russia have grown dependent upon $100 a barrel oil, in order to placate their people with handouts, social welfare programs, and Potemkin Village styles of "prosperity and power." But there is a very real question as to whether these heretofore "masters of the oil universe" will be able...
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Energy Expert: Germany’s Renewable Energy Transition “Will Fail Spectacularly – Heavily Damaging The Economy”
Monday, 30 January 2012 11:35
P Gosselin – NoTricksZone
The European Institute for Climate and Energy (EIKE) issued a press release on a 28-page report that German energy expert Dr. Guenter Keil wrote concerning Germany’s transition to renewable energy, and away from nuclear and fossil fuel energy.
DR. KEIL’S FULL 28-PAGE REPORT IN ENGLISH
As the report shows, Germany’s transition to green...
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America's Energy Revolution
Sunday, 29 January 2012 23:15
Mark Perry, Carpe Diem
The U.S. Energy Information Administration just released December 2011 data for U.S. petroleum trade. The EIA reports that net oil imports fell last year to 45.2% (lower even than previously reported based on data that didn't include year-end figures), which is the lowest level for net oil imports in 16 years, going back to a 44.5% share in...
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Biofools: Another Green Energy Fiasco
Saturday, 28 January 2012 08:35
EurActiv
Greenhouse gas emissions from biofuels such as palm oil, soybean and rapeseed are higher than those for fossil fuels when the effects of Indirect Land Use Change (ILUC) are counted, according to leaked EU data seen by EurActiv.
The default values assigned to the biofuels compare to those from Canada’s oil sands – also known as tar sands –...
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Peter Foster: Obama Loves Oil — Not!
Friday, 27 January 2012 14:36
Peter Foster, National Post
Nothing more clearly indicates U.S. President Barack Obama’s economic muddledom and ideological stubbornness than the dog’s breakfast of energy policies revealed in Tuesday’s State of the Union address. The good news is that hydrocarbons are back (as long as you forget Keystone XL). The bad news is that “clean” energy isn’t going...
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Tory MPs Urge Cameron To Cut Subsidies For Windfarms
Thursday, 26 January 2012 16:14
Yorkshire Post
DAVID Cameron is under fresh pressure from his own backbenchers to slash subsidies for controversial onshore wind farms. Dozens of Tory MPs are joining forces in a new group pressing for the Government to review funding for a technology they argue does “more harm than good”.
Selby and Ainsty MP Nigel Adams, one of those who attended the...
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