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Crisis by design
Crisis by design Believe it or not, British Prime Minister Boris Johnson has every right to stand before the nations of the world and lecture them on climate change. Not that Johnson himself has done much to address the crisis (indeed, given that having children is the single biggest cause of climate change at this point, Johnson’s inability […]
China Enforces Power-Rationing At Major Industrial Hubs Amid Shortages And Climate Push
China Enforces Power-Rationing At Major Industrial Hubs Amid Shortages And Climate Push A perfect storm of increased power demand and the calls to reduce carbon emissions has resulted in power rationing across China, according to Bloomberg, citing a new report Friday from 21st Century Business Herald. Power curbs are being forced onto major factory hubs in […]
The European Energy Crisis Is About To Go Global
The European Energy Crisis Is About To Go Global It was only a matter of time, really. In a globalized world, energy crunches can hardly remain regionally contained for very long, especially in a context of damaged supply chains and a rush to cut investment in fossil fuels. The energy crunch that began in Europe […]
BP Prepares To Ration Gas At UK Service Stations Amid Supply Woes
BP Prepares To Ration Gas At UK Service Stations Amid Supply Woes Compounding the ongoing UK energy crisis is BP plc, a multinational oil and gas company, which said it plans to restrict deliveries of gasoline and diesel across its network of service stations in the country amid a truck driver shortage, according to ITV. ITV, citing a […]
UK Power Suppliers Halt Adding New Customers As Energy Crisis Worsens
UK Power Suppliers Halt Adding New Customers As Energy Crisis Worsens There’s a growing risk that a bankruptcy wave of power providers is nearing as several small firms stopped accepting new customers Tuesday amid a worsening energy crisis, according to Bloomberg. Ampower, Green, Igloo, NEO, and Utilita Energy posted notices on their websites earlier today that […]
It’s all connected: The natural gas market and its casualties
It’s all connected: The natural gas market and its casualties Natural gas was supposed to be the so-called bridge fuel to the low-carbon renewable energy economy. It was abundant, cleaner to burn than oil and coal, and more and more available to anyone who wanted it as a global market in liquefied natural gas (LNG) […]
The UK is racing towards a winter energy crisis
The UK is racing towards a winter energy crisis Gas prices are spiking and the energy markets are coming under increasing pressure. The combination may lead to a bleak winter GETTY IMAGES / BLOOMBERG Winter is coming – and it looks like it’s going to be a rocky one. The price of natural gas in […]
America’s Infrastructure Crisis Is Growing Increasingly Dire
America’s Infrastructure Crisis Is Growing Increasingly Dire Despite promises of improved infrastructure and better disaster preparedness, governments and energy giants are failing to provide backup energy provisions to areas hit hard by extreme weather conditions again and again. As these events are becoming more frequent and stronger, how will the energy industry prepare for the […]
The case for contingency planning
The case for contingency planning LONG-ODDS BET OR A PORTFOLIO OF SCENARIOS? An intelligent investor – as distinct from a gambler – doesn’t put all his or her money on a single counter. He doesn’t stake everything on a single stock, a single sector, a single asset class, a single country or a single currency. […]
“Quite Alarming” – UK Energy Crisis Sparks Fresh Chaos For Food Suppliers
“Quite Alarming” – UK Energy Crisis Sparks Fresh Chaos For Food Suppliers Last week Fertilizer producer CF Industries Holdings Inc suspended operations at two UK plants because of soaring natural gas prices. As a result, these fertilizer plants that make carbon dioxide as a byproduct are in sudden shortages and are rippling through the UK food sector, […]
Richard Heinberg explores the flawed thinking behind proposed solutions to climate change
Richard Heinberg explores the flawed thinking behind proposed solutions to climate change He explains why real climate progress will require large numbers of people in wealthy countries to forgo forms of power they currently enjoy. — ***** “power — the ability to do something, the ability to get someone else to do something, or the ability […]
The U.S. Desperately Needs To Rethink Its Middle East Strategy
The U.S. Desperately Needs To Rethink Its Middle East Strategy Is the Middle East still important? This is a seemingly absurd question, yet some are asking this in Washington. The Middle East is the source of massive reserves in oil and gas. Much of the fuel to produce goods and trade from Asia and the […]
Skyrocketing Energy Prices Could Cripple Europe’s Economy
Skyrocketing Energy Prices Could Cripple Europe’s Economy Surging energy prices in Europe are hurting more than just consumers. The price spikes have started to hit industrial activities, threatening to deal a blow to the post-COVID recovery in European economies with a triple whammy of reduced consumer purchasing power, lower industrial production, and higher operating costs. […]
80pc of Kenya’s crude oil cannot be tapped
80pc of Kenya’s crude oil cannot be tapped SUMMARY The company said a new audit on the Turkana oil fields revealed a larger reservoir – commonly referred to as Oil Initially In Place (OIIP) in exploration parlance – compared to the previous estimate of 1.77 billion barrels. The commercially extractable volume climbing to 585 million […]
A far from perfect storm
A far from perfect storm Global warming may yet prove to be the one thing which saves us from our largely misguided attempts to respond to global warming. This is because, while the crisis is real enough, the solution that we have bought into is an absolute stinker. While a great deal of corporate profit […]
