Energy Source will now be taking its annual Christmas break. We will be away from today (December 23rd) until January 4th. That is unless something major happens in the energy industry, in which case I promise to return promptly to my keyboard and keep you all up to date.
In the meantime, happy holidays to all our readers, and see you in the new year.
Many apologies to all of those who sent in questions, but we are having to delay Chris Huhne’s Q&A session until the new year, as the energy secretary has not yet been able to answer all your questions.
His answers will appear on this site in early January – date to be confirmed in the new year.
Apologies again, and thanks for your patience.
The UK’s freezing temperatures are bad news for travellers, but decidedly good news for gas suppliers.
National Grid has forecast a record day for gas demand, and has been forced to issue a “gas balancing alert” to encourage suppliers to up supply and big consumers to switch fuels or reduce consumption. That’s the seventh time such an alert has been issued since 2005.
All this has been good news for prices too (as long as you’re a seller of course). This was from Bloomberg this morning:
The Times is currently publishing extracts from Loren Steffy’s new book Drowning in Oil, about the BP oil spill, in addition to the extracts on Fuel Fix published earlier this month.
As Ed Crooks said in his review of the book, it is good on drama and detail but less so on telling us anything particularly new about the spill or the company.
The Times extracts are readable and interesting, however. In the first (£), he tells the story of the night of the explosion via two of the crew on board, Stephen Stone and Mike Williams. This is the from williams’ story:
Back in the electronics shop, the first explosion blew the three inch-thick steel door off its six hinges, knocked Mike Williams across the room, and slammed him into the far wall. The door followed and struck him in the head. A line containing carbon dioxide ruptured and began spewing gas into the room, clouding his vision. He couldn’t see. He couldn’t breathe. He crawled along the floor, knowing that oxygen would be more prevalent there, and made it back to the opening where the door had been.
The second is a similarly entertaining read, memorable for one quote in particular, from a “retired oil company executive”: “Tony’s a good guy, bright guy, but he can’t keep his mouth shut sometimes.”