March 26th, 2012
In its February 15 report ‘Resurging North American oil production’, Citigroup’s analysts claimed that the shale gas boom was set to morph into a shale oil boom. The report said: “The concept of peak oil is being buried in North Dakota, which is now leading the US to be the fastest growing oil producer in the world. The belief that global oil production has peaked, or is on the cusp of doing so, has underpinned much of crude oil’s decade-long rally (setting aside the 2008 sell-off)”.
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Posted in Gas, Oil | 2 Comments »
October 20th, 2011
The European Union is wracked by sovereign debt, budget deficits, monetary weakness, slow economic growth, trade deficits with the Emerging economies, an ageing population, and mass unemployment – but it has the supposedly proud role of world leader in Green Energy Transition. The main goal of this is reducing dependence on fossil fuels and increasing dependence on new, renewable, unconventional, alternate and “low carbon green” energy sources and systems, and improving energy efficiency, conserving energy and rationalising the energy economy.
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Posted in Climate Change, Energy Policy | 3 Comments »
