Across much of the U.S. Facilities in the Midwest are about 70 percent full, while the East Coast is at about 85 percent capacity. This has some analysts beginning to wonder if the U.S. has enough room to store all … Read the rest
Tag: shale
Washington takes on ISIS, Iran, Russia
It was heinous. It was underhanded. It was beyond the bounds of international morality. It was an attack on the American way of life. It was what you might expect from unscrupulous Arabs. It was “the oil weapon” — and … Read the rest
Whatever happened to shale gas?
In certain circumstances, no news is good news. Sometimes, though, it tells its own story, especially when it we are experiencing something akin to a news blackout on an issue which should be constantly in the public eye.
That issue … Read the rest
Nuclear trumps shale and gas
The signing in Vienna – at the margins of the 58th session of the International Atomic Energy Agency General Conference – of a strategic nuclear partnership between Russia and South Africa, has met with criticism from the mining sector.
The … Read the rest
Blame the environmentalists
Here’s The Script, in four despicable acts:
Act 1. Fracking boom goes bust as production from shale gas and tight oil wells stalls out and lurches into decline.
Act 2. Oil and gas industry loudly blames anti-fracking environmentalists and restrictive … Read the rest
SA expanding nuclear
The department of energy will be devoting almost R1-billion to cementing South Africa’s nuclear energy expansion ambitions.
In her budget vote speech on Monday, Energy Minister Tina Joemat-Pettersson said that R850-million had been allocated to the department and its relevant … Read the rest
Shale: Wall Street easy money evaporating
No one expects the President of the US to have the time or the scientific background to delve into the geophysical complexities of shale energy. He naturally relies on competent advisers. What if the advisers, instead of being competent, like … Read the rest
Fracking could cause cancer
Shale gas exploration, currently planned in the Karoo, won’t only negatively affect the environment and water resources in that region, but could pose significant health risks to surrounding communities, a Cape Town academic has warned.
These include cancer and the … Read the rest
Drill, Baby Drill!
America is poised to displace Saudi Arabia as the world’s top oil producer with fracking. With that could come a hobbling of Opec and unforeseen shifts in US foreign policy.
So rapid has been the change in its energy fortunes … Read the rest
Coming ‘oil glut’ may push global economy into deflation
One piece of the jigsaw puzzle is missing to complete the deflation landscape across the West: a slide in oil prices. This is becoming more likely each month.
Turmoil across the Middle East and parts of Africa has choked supply … Read the rest
Bright future for SA with shale and solar: Mothlanthe
South Africa can become one of the fastest-growing economic hubs in the world if it exploits its natural resources, Deputy President Kgalema Motlanthe said on Monday.
“Fortunately for South Africa, we have among the best solar energy resources in … Read the rest
Fear of fracking
Fuel is usually found in unattractive places. Geologists discovered the biggest oil and natural gas reserves in the deserts of the Middle East and beneath the permafrost of Siberia. Countries in temperate Central Europe, on the other hand, have only … Read the rest