Energy

A Moratorium on Coal Mining Would be a Monumental Challenge


Federal Energy Minister Josh Frydenberg, commenting last week on the recent environmental re-approval of the Carmichael coalmining project, sought the moral high ground against the government’s critics, claiming that there is “a strong moral case” for mining and exporting coal to poor countries.

In return, Bernie Fraser, a former head of the Reserve Bank who last month resigned as chair of the Climate Change Authority, blasted Frydenberg’s argument as “nonsense” and “obscene”.

The Reno 411 on Lithium


Nevada is booming as new lithium companies rush in to stake out targets and massive business development gets underway, from Tesla to Amazon and Apple. As the state's southwest corner fills up with new lithium players, Tesla gears up for its battery gigafactory and the world's largest data center sets up shop, Nevada is poised for one of the greatest economic revival stories of the century.

In an exclusive interview with Oilprice.com, Brian Findlay, President and CEO of Dajin Resources Corp., discusses:

Low Oil Prices and OPEC, Not So Happy Together


We are a little more than a month away from OPEC's next meeting in Vienna on December 4, 2015.

OPEC altered the course of the oil markets last year when it decided to cast aside its traditional role of maintaining balance through production cuts. Instead, it pursued a strategy of fighting for market share, contributing to an immediate rout in oil prices. WTI and Brent then went on to dive below $50 in the weeks following OPEC's decision.

Temper Thoughts of an Oil-filled Future for All


The mere hint of a successful deal over Iran’s nuclear programme is enough to get people excited. In addition, as the country emerges from economic isolation, nowhere is the enthusiasm more keenly felt than in the huge oil firms with a chance to make a splash in one of the world’s most resource-rich nations. However, are the conditions there for a boom that will ripple across our lives?

U.K. 'Energy Cafes' Strive to Help those Vulnerable During Winter


As we approach winter, many of us start turning the heating back on, but there are thousands of people across the UK who dread the onset of colder weather as they fall into the fuel poverty trap. It is a phenomenon that kills, and worse, it is something to which we have become accustomed. Another year, another set of headlines that should shock us into action, but rarely do.

Osborne Has All Sides Charged Up Over the UK's Nuclear Policy


The Chancellor of the Exchequer, George Osborne, has recently been waving huge wads of cash at different (but similarly delinquent) parts of UK nuclear policy. In August, he sailed triumphantly up the Clyde to the Trident-hosting Faslane Naval base to announce £500m of investment. This was a move many considered to be jumping the gun, or even “arrogant” given that no final decision has been made on its renewal.

Are You Giga-Ready for a Lithium Revolution?


While other commodities are floundering or completely collapsing in this market, lithium—the critical mineral in the emerging battery gigafactory war—is poised to explode, and going forward Nevada is emerging as the front line in this pending American lithium boom.

Oil Exacerbates Sub-Saharan Africa's Currency Woes


Since lower oil prices typically result in depreciation of the oil exporters’ currencies, the dramatic plunge of oil prices has severe implications for sub-Saharan Africa.

After the global financial crisis, many emerging economies have coped with diminished global growth prospects by deploying direct government intervention and capital controls for competitive devaluation. In turn, advanced economies have achieved the same indirectly through low policy rates and quantitative easing (QE).

Not Everyone is Bailing on the Arctic


After billions of dollars invested over several years, Royal Dutch Shell said September 28 it would end oil exploration offshore Alaska after “disappointing” results.

However, industry efforts to drill for oil and natural gas in the Arctic are unlikely to end with Shell’s decision to abandon the Chukchi Sea.