Daily Archives: May 3, 2011

Chinese officials have warned in recent weeks that the country could face power shortages this summer in what would be an embarrassing setback for the world’s largest energy consumer.

But is this a real threat? Or is it just sabre-rattling by power companies keen to secure from the authorities increase in state-controlled electricity prices to compensate for rising world coal costs? It’s probably just talk, but nobody can be quite sure.

Kiran Stacey

Marine energy turbinesThe numbers from today’s report by the Carbon Trust into the potential of marine energy are impressive.

According to the report, the total global market for wave and tidal could be worth up to £40bn per annum by 2050. UK companies could realistically capture around 22 per cent, or £76bn, of the total market theoretically accessible to them, the report concludes, generating 68,000 jobs in the process.

But before green campaigners in the UK jump with joy, there are a number of conditions attached to these projections, not least of which is the idea that other renewable sources have to suffer in order for marine energy to snatch this much market share.

FT Energy Source

- US becomes net exporter of fuel – FT

- Chesapeake swings to a loss – WSJ

- Falling gas prices dent Anadarko’s profits – FT

- North Sea oil cap ‘may fail’ in deep waters – The Telegraph

- Venezuela plays down oil tax hike – FT

- Oil rigs may close early to beat tax changes – The Times

- Resource industry angry at tax increases – FT

- Shell plans Alaska deep-water drilling – The Telegraph

- Shell tries to calm fears on Alaska drilling – NY Times

- Shell sued over Niger Delta oil spill – The Telegraph

- Big oil keeps getting bigger – FT Lex

- Petrobras resists gasoline price rise – Bloomberg

- Arch Coal to buy ICG in $3.4bn cash deal – FT

- Tepco may face $25bn in liabilities – Reuters

- What will the NRC learn from Fukushima? – NY Times Green blog

- Hedegaard seeks 2030 targets – The Guardian

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