The UK’s deteriorating energy security and why we must frack: Centre for Policy Studies

From the London-based Centre for Policy Studies Growth Bulletin number 45 June 6, 2014: Production of Petroleum, Natural Gas and Coal is weakening. Net energy import dependency has reached 47%. 36% of electricity generation is from coal and 41% of coal imports are from Russia. The fiscal regime is too burdensome, with marginal tax rates…


EU says US gas won’t solve energy problems while Germany soon to effectively ban shale extraction

Exports of liquefied natural gas from the US won’t solve the EU’s energy security problems, outgoing European Commission President José Manuel Barroso said after the G7 meeting in Brussels. He said US President Barack Obama had previously expressed readiness to increase the supply of natural gas to the EU. This process will take a certain…


California’s Monterey Shale crude oil busts before it booms, but it’s not done yet

by Housley Carr on RBN Energy With so much positive news out there about ever-rising production from unconventional oil and natural gas plays, word that the Energy Information Administration has reduced its estimate of recoverable oil from California’s Monterey Shale region by 95% is sobering, to say the least. EIA’s Monterey shocker serves as a…


Wood Mackenzie ups forecasts for US Eagle Ford shale production, Bakken recoverable crude

Energy consultancy Wood Mackenzie expects crude and condensate output from the Eagle Ford shale formation in Texas to double through 2020 to 2 million barrels per day (bpd), on par with output from the entire North Slope of Alaska at its peak. The consultancy, in an update of its forecasts for US shale fields, also…


IGas search for shale gas in UK heads to East Midlands: Report

Fracking will take place in the East Midlands in the UK next year for the first time, if plans by shale gas explorer IGas Energy are realised. Andrew Austin, IGas chief executive, told The Telegraph it was preparing to submit planning applications to drill and frack to test the flow of gas at two new…