Don’t Look Away Now

Don’t Look Away Now

Love it or loath it as the voice of business, you can say one thing about the Financial Times, it normally covers the energy beat with a reasonable degree of accuracy. That’s why is was so disappointing to read the latest misguided comment piece by the paper’s Washington columnist Edward Luce, in an article “Look … Read More

Shale Oil Jobs “Vastly Exaggerated”

Shale Oil Jobs “Vastly Exaggerated”

The headline in yesterday’s Financial Times said it all “Surge in shale oil output fuels US jobs bonanza”. According to the FT: “The boom in shale oil and gas production has created one bright spot in the otherwise grim US labour market.” “The rate of job growth is noteworthy,” Brian Davidson, an economist with the … Read More

The Downsides of “Extreme Energy”

The Downsides of “Extreme Energy”

So its official: fracking causes earthquakes. Just minutes ago, a report published by the oil company Cuadrilla as to whether its drilling operations caused two “earthquakes” back in April and May, concluded that fracking was the “highly probable” cause of the small seismic events. Cuadrilla suspended fracking operations in June, over fears of a link … Read More

Rick Perry’s predictable energy plan

Rick Perry’s predictable energy plan

I wasn’t bowled over with surprise to hear news of Rick Perry’s energy plan today. I could have written it myself. The plan is a fossil fuel industry wish list. Open everything up and dismantle any regulation that might get in the way of digging, drilling, fracking and burning. It’s not really news. It wasn’t … Read More

“It’s a pie in the sky” number

“It’s a pie in the sky” number

On Wednesday last week, the hype that has surrounding fracking in the US finally arrived in the UK. The energy firm Cuadrilla, which has been drilling wells in the North West of the country under Lancashire, announced a “huge find” of gas. Cuadrilla announced that that its tests showed there could be as much as … Read More

Shale Gas Investment is “Eye-Watering”

Shale Gas Investment is “Eye-Watering”

The world’s largest mining company, BHP Billiton has signalled it too wants to get in on the shale gas revolution sweeping the US, despite the growing controversy over fracking. In a deal announced late last week, BHP agreed to pay $12.1bn for Houston-based gas developer Petrohawk, with a view to spending nearly $50 billion developing … Read More

Houston “I think we have a big problem”

Houston “I think we have a big problem”

As I have often written about in the past, the oil industry is all about risk and reward. At some stage it has to lure large scale investors to bet large amounts of money that it has found large reserves of oil gas than can be readily exploited. It is an industry that is often … Read More

Well, something’s going on…

Well, something’s going on…

From the southern states of the US to Northern Europe the words on many people’s lips is: Drought. In Texas the worst drought in more than a century is beginning to cripple the state. Ironically it is also threatening Texas’ fracking boom as there just isn’t enough water to go round. In Texas, it is … Read More

Gas is No “Panacea” For Climate Change

Gas is No “Panacea” For Climate Change

As the old saying goes “If it walks like a duck, quacks like a duck, looks like a duck, it must be a duck.” And if it smells like a fossil fuel and is produced by the fossil fuel industry, then it probably is a fossil fuel. So despite the best efforts by the oil … Read More

Dash for Shale Gas Undermines Wind

Dash for Shale Gas Undermines Wind

The last time that America’s pro-wind lobby came together for its regular get-together was in California in 2007. That time there were 5,000 attendees and the installed wind capacity in the US was 17 gigawatts. Four years later and on the surface it is a success story for America’s pro-wind lobby. Yesterday saw the opening … Read More