Which energy secretary will quit first?
Amid the increasingly rancorous debate on voting reform in the UK, one of the most vociferous figures in the campaign for the alternative vote system has been the Energy Secretary Chris Huhne, architect of the electricity market reform package.
His clashes with his “no” voting Conservative cabinet colleagues has reached such intensity that some commentators are speculating about whether he could be ready to quit the government altogether.
Iraq was never going to pump 12m barrels a day
Iraqi officials are preparing to cut the country’s oil output targets from 12m b/d to somewhere between 6.5m and 7m b/d, according to The Times.
The paper reports that ministers in Nouri al-Maliki’s regime argue that such a glut of supply could depress prices, and would outstrip demand. But experts have been warning for a long time that the country could never meet its initial targets anyway.
Energy headlines: Iraq halves oil output target
- Iraq halves oil output target as reality replaces ambition – The Times
- UN calls for oil price controls – Bloomberg
- Huhne defends tax burden on oil and gas – FT
- North Sea oil tax: What the bosses are warning – The Telegraph
- China may levy 10% resource tax on oil and gas – Bloomberg
- BP deal may point to big Gulf of Mexico fine – Reuters
- Cuts cloud outlook for commercial solar sector – FT
- Japanese nuclear workers enter Fukushima reactor – The Guardian
- Eon warns on profit – WSJ
- India to add 17GW of renewable energy in 2012-2017 – WSJ
- Renewables to leap, costs to fall, says UN – Reuters
- Buffeted Vestas anticipates fair wind – FT
- Chevron expands in Marcellus shale – WSJ
- Ukraine looks to Texas for energy path – NY Times
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