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Europe’s Soaring Natural Gas Prices To Persist For “Weeks To Come,” IEA Warns
Europe’s Soaring Natural Gas Prices To Persist For “Weeks To Come,” IEA Warns IEA Executive Director Fatih Birol delivered some unwelcoming news for commercial and residential natural gas buyers during an interview on Bloomberg TV Friday morning. He said European natural gas prices might push higher in the coming weeks as the heating season begins. “We may still […]
Nationwide Blackout Hits Syria After Gas Pipeline Bombed
Nationwide Blackout Hits Syria After Gas Pipeline Bombed A blackout has reportedly plunged all of Syria into darkness Friday into Saturday, with Syria’s state-run SANA announcing the nationwide power outage is due to an attack on a gas site and pipeline in southern Damascus. Into the overnight hours, electricity reportedly returned to much of the capital of Damascus, […]
The Battle For Control Of East Mediterranean Energy
The Battle For Control Of East Mediterranean Energy The history of oil and natural gas is marred by instability and conflict. The rise of the Eastern Mediterranean as a prolific energy region has increased existing tensions between certain littoral states while strengthening cooperation between others. The ratification of the charter concerning the Eastern Mediterranean Gas […]
Enbridge fined $3.32 mln for failings in Line 3 replacement project
Enbridge fined $3.32 mln for failings in Line 3 replacement project Protest signage on display at a camp established by indigenous leaders and water protectors at the Mississippi headwaters, one body of water the Line 3 pipeline will cross following a series of demonstrations in protest of the Line 3 pipeline, built by Enbridge Energy, […]
Natural gas: SSE Airtricity to increase prices by 21.8%
Natural gas: SSE Airtricity to increase prices by 21.8% IMAGE SOURCE,REUTERS SSE Airtricity will increase its natural gas prices for households and businesses by 21.8% from October. The company says the change will add £112 on to the typical average household bill. SSE Airtricity has 178,000 customers in Northern Ireland. Tariffs are scrutinised and approved […]
Visualizing What’s Made From A Barrel Of Oil
Visualizing What’s Made From A Barrel Of Oil From the gasoline in our cars to the plastic in countless everyday items, crude oil is an essential raw material that shows up everywhere in our lives. With around 18 million barrels of crude oil consumed every day just in America, Visual Capitalist’s Niccolo Conte notes that this commodity powers transport, utilities, and is a vital ingredient in many […]
Fire At UK-France Subsea Power Cable Could Trigger Winter Blackouts
Fire At UK-France Subsea Power Cable Could Trigger Winter Blackouts A fire in a subsea cable has dramatically reduced power imports from France until March, U.K.’s National Grid Plc said, deepening the energy crisis that threatens winter blackouts for millions. The timing couldn’t be worse. Before the fire, the U.K. was already experiencing a five-year […]
The decline of oil has already begun
The decline of oil has already begun In 1961, when I was 14, working on a science fair project, my father – a geologist and petroleum engineer – explained oil depletion to me. To grow production, oil companies were drilling deeper and deeper wells, developing technologies to extract more oil from spent fields, and would […]
Russia running out of oil? Profitable reserves may last only another 20 years, Moscow says, citing improved tech as only solution
Russia running out of oil? Profitable reserves may last only another 20 years, Moscow says, citing improved tech as only solution Employees work on a drilling rig at an oil field owned by Russia’s oil producer Tatneft near Almetyevsk, in the Republic of Tatarstan, Russia. © Sputnik / Maksim Bogodvid Russia’s lucrative role as one […]
Chevron CEO Warns “New Dynamics” To Boost Energy Prices Amid Global Supply Crunch
Chevron CEO Warns “New Dynamics” To Boost Energy Prices Amid Global Supply Crunch Soaring energy prices are stoking new concerns about a stagflationary environment of high prices and waning economic growth. Natural gas prices in Europe and the US are through the roof, and WTI futures are over $70 per barrel. Chevron Corp.’s CEO Mike […]
What is a Planetary Boundary?
What is a Planetary Boundary?
The gritty reality of solar power
The gritty reality of solar power Time is fast running out. The world’s affluent nations, with their abundant greenhouse emissions, have to finally drag themselves across the starting line and begin phasing out fossil fuels at the accelerated pace that the climate emergency demands. And if they can manage to do that, they clearly will […]
Not enough fossil fuels left to trigger another mass extinction
Not enough fossil fuels left to trigger another mass extinction Preface. Since both conventional and unconventional oil peaked in 2018, we clearly won’t be burning fossils at exponentially increasing rates until 2400 as the IPCC expected. Quite the opposite, currently the decline rate of oil is 8% a year, which can be reduced to 4% […]
Record-Breaking Energy Prices Could Soar Even Higher In Europe
Record-Breaking Energy Prices Could Soar Even Higher In Europe The European electricity market is in crisis as a perfect storm is driving up prices to ever greater heights. The timing couldn’t have been worse as countries across the continent are reopening and energy demand is rising. Most signs point towards the likely continuation of the […]
Nord Stream 2 Pipeline Fully Completed – Russia Celebrates ‘Failure’ Of US Efforts To Stop It
Nord Stream 2 Pipeline Fully Completed – Russia Celebrates ‘Failure’ Of US Efforts To Stop It Russia’s state-controlled gas giant Gazprom has announced on Friday it has completed construction on the Nord Stream 2 Russia-to-Germany gas pipeline that the United States has long warred against through sanctions leveled by the Trump and Biden administrations. “Chairman […]
