Daily Archives: January 29, 2010

Kate Mackenzie

On FT Energy Source this week:

- Wind power‘s 2009 growth and 2010 outlook

- Oil majors come under cyber attack

- Energy lessons from the Carter administration

- iPad emissions!

- Barnett Shale health problems

- CO2 slump dump fears

- The death of US coal

- What happened to oil markets in 2002-09?

- China, setting the world’s oil prices Read more

Kate Mackenzie

On FT Energy Source:

- The oil price problem

- Peak oil at Davos

- Industry isn’t giving up on fossil fuels

- The embedded carbon dilemma redux

- Energy and climate in Obama’s SOTU speech

- The Copenhagen January 31 countdown in Energy headlines

- More signs of a grim future for refining

Further reading:

- Can Obama re-energise climate?

- And the high speed rail cash goes to…

- Japan’s LNG demand could be poised for recovery

- Climate sceptics bask in warmth of bad news

- Green groups played an exceptionally destructive role at Copenhagen

- Californian cap and trade and public finance

- The price of energy Read more

Kate Mackenzie

A few quotes have been flying around from an energy security panel at Davos featuring some of the world’s biggest oil and gas players.

Saudi Aramco chief executive Khalid al-Falih said peak oil concerns were ‘behind us’ and blamed peak oil fears for some of the recent oil price volatility.

Thierry Desmarest, chairman of Total (which is probably the most peak oil-friendly of the majors) maintained it was still a problem.

BP’s Tony Hayward talked about the prospects for Iraq.  Read more

Sheila McNulty

In further evidence that the energy industry is not about to let oil production peak, GE Energy Services is moving toward boosting oil and natural gas production from reservoirs unreachable with current technology, which begins to break down at the higher temperatures at greater depths. In 2008, GE Energy asked the US Department of Energy to support its program to develop high temperature electronics required for oilfield and geothermal drilling.

The DOE agreed to fund the program to enable deep well drilling applications for discovering hard-to-reach oil and gas reserves and toward the development of geothermal energy. Read more

Kate Mackenzie

It’s almost a year since the ‘imported carbon’ issue was stirred up in the UK. Now, government-backed agency the Carbon Trust has raised the topic again.

Britain, with its relatively economy relatively light on heavy manufacturing, has ambitious carbon reduction goals. But if the emissions generated in creating goods imported into the country were counted, the country’s emissions would be 34 per cent higher than curren estimates, the Carbon Trust says.  Read more

Kate Mackenzie

There were fears that energy and climate change might not even get a mention in last night’s State of the Union address, but President Obama did in fact mention it a few times. Critics though could (and do) argue that the subject it appeared only in fairly mild terms. And, crucially for the climate bills currently before Congress, cap-and-trade was never mentioned.

That could be simply a reflection of the fact that cap-and-trade, for most voters, is political poison (even if that’s partly because few understand it). But if it was entirely opinion-poll driven, it’s notable that energy was mentioned almost solely in the context of jobs and winning the clean tech race. Energy security, another argument popular with all kinds of voters – didn’t get a look-in.  Read more

Kate Mackenzie

Commodity trading houses set to slip under Volcker net (FT)

Study finds banks cool on green ideas (FT)

Trust claims UK carbon footprint a third bigger than thought (FT)

EU agrees conditional target for Copenhagen Accord (Argus)

Ukraine to push for gas ties with Russia (FT)

China overtakes US as Saudi Aramco’s biggest customer (Bloomberg)
 Read more