Daily Archives: January 18, 2011

Kiran Stacey

Last night, Gasland, the film that has stoked an intense debate about the ethics of the shale gas boom in the US, premiered here in the UK.

It couldn’t have been better timed – Cuadrilla is due to begin more drilling at its shale gas site near Blackpool later this month. And the Tyndall Centre, in conjunction with the Co-op, helped get the debate moving on this side of the Atlantic with a report calling for a halt to all such drilling while the risk is properly assessed.

But what of the film itself?

Kiran Stacey

A group of MPs have suggested that the UK should introduce a system of energy rationing to deal with what they view as impending energy and climate crises.

Under the proposed system, a set number of tradeable energy quotas (TEQs) would be issued and used to purchase energy, whether through fuel or electricity.

The amount of energy being used would essentially be capped, and anyone wishing to use more than their personal allowance would have to pay a market rate for that.

The Opec oil cartel is quietly increasing its production as oil prices flirt with $100 a barrel, the western countries’ oil watchdog said on Tuesday.

The revelation by the International Energy Agency comes in spite of a string of public comments from Opec countries such as Iran and the United Arab Emirates suggesting that there was no need for more oil and playing down the impact of high oil prices.

Thecartel left its official production levels unchanged at a meeting last month in Quito, Ecuador. But the IEA said on Tuesday that Saudi Arabia and other Opec countries were quietly lifting their output in response to higher prices.

FT Energy Source

- Huhne under fire for blessing BP tie-up – FT

- BP relaxes ties with America – The Times (£)

- BP’s Russian stake may avoid US review – Bloomberg

- Investors weigh up Rosneft’s BP tie-up – FT

- BP/Rosneft: Analysts’ reaction – The Telegraph

- BP: Playing a long game – FT Lex

- BP is a guide for modern executives – Andrew Hill, FT

- INA falls after Mol offer expires – FT

- Europe must ban flawed carbon credits – Damian Carrington, The Guardian

- Is a solar trade war about to start? – Reuters

- Abu Dhabi wrestles with gas dilemma – FT

- Gulf shifts focus to domestic energy – FT

- Bank raises 2011 coal price forecast – Argus

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