asterisk2a + shalegas   20

Ineos warns Scotland will pass up the chance of an economic lifeline if fracking is banned (From Herald Scotland)
NICOLA Sturgeon has been warned against passing up a once-in-a-generation opportunity to revitalise the Scottish economy after she admitted she is “highly sceptical” about fracking. One of the country’s largest firms intervened after the First Minister revealed her personal view in a bid to counter claims that the SNP is preparing to give the controversial gas extraction method the green light after the Holyrood elections. Ineos, which owns the sprawling Grangemouth petrochemical plant and owns fracking exploration licences for large swathes of central Scotland, said it believed shale gas could become “another Scottish success story like the North Sea” and “pick up the slack” of declining offshore reserves.
fracking  shale  gas  shalegas  Scotland  environmental  disaster  ecological  disaster  carbon  tax  fossil  fuel  Petroleum  Industry 
march 2016 by asterisk2a
Another Look At The Perilous Price Of American Energy by Reveal
fossil fuel companies lobbied themselves out of workers comp when accidents happen. + care about speed over safety. + contract out work. oil companies often don't have own employees on-site. energy companies duck responsibilities when things go wrong. can distance themselves when things go wrong. [...] [legal sleaze] big companies roll off part liabilities (claims) through contractors insurance. [...] bonuses to drill quickly.
Keystone  Pipeline  USA  fracking  Canada  tarsand  fossil  fuel  shale  gas  shalegas  self-regulation  lobbyist  lobby  Lobbying  Workers  Union  Trade  Union  profit  maximisation  shareholder  value  regulation  regulators  ecological  disaster  environmental  disaster  carbon  tax  DeepwaterHorizon 
february 2016 by asterisk2a
Texas Fracking Zone Emits 90% More Methane Than EPA Estimated | twice as much as estimated by the Environmental Protection Agency's Greenhouse Gas Inventory, and 5.5 times the number from a separate global database. : science
Texan here. I can say it is getting pretty noticeable in some parts. The I-20 between Pecos and Abilene reeks of gas now. I've lived in Texas for over 20 years and this is the worst it's been. At one point, I had to turn the air off in my car just so the stench would stop flowing in (even the air filter did little to help). But in a bit of uplifting news, Sweetwater, also on the I-20, has installed a ton of wind turbines. So it's good to see that the move the green energy is being made in the state.
methane  fossil  fuel  fracking  oversight  self-regulation  regulation  regulators  accountability  air  pollution  Wall  Street  crony  capitalism  capitalism  profit  maximisation  shareholder  value  EPA  carbonfootprint  carbon  tax  carbon  trading  scheme  carbonemission  shale  gas  shalegas  Career  Politicians  revolving  door  No  Representation  energy  policy  energy  price  Makers  lobbyist  lobby  Lobbying  ecological  disaster  environmental  disaster  pollution  water  pollution 
december 2015 by asterisk2a
Frankreich verliert Status als Deutschlands wichtigstes Exportland - SPIEGEL ONLINE
IMF rechnet für 2015 mit einem Anstieg des BIP US um 2,5 Prozent und für 2016 mit 3 Prozent. "Wir sehen zudem eine Reindustrialisierung in den USA: Dort werden wegen der niedrigen Energiekosten viele neue Fabriken und Produktionsstätten hochgezogen", sagte Treier. "Dafür werden Maschinen und Ausrüstungen aus deutscher Produktion benötigt." Hilfreich sei zudem der schwächelnde Euro, [...] "Die Amerikaner sind relativ preissensible Käufer, auch wenn es um Luxusprodukte wie deutsche Autos geht", // Germany & UK are energy dependent, especially after Desert Storm Energy project failed. UK need the bet on STEM and digital economy and knowledge economy, added value services that can be exported & leverage "British" brand. It can not compete against cheap energy fuelled China and USA! But it did nothing, UK has to even import Nurses and Doctors now! Thanks to short-sighted ideological dogmatic austerity & policy for established businesses. low corp tax & deregulation to compete w price only.
USA  warrenbuffet  2015  fracking  energy  price  Oil  price  energy  policy  shale  gas  shalegas  tarsand  Canada  Exportweltmeister  China  global  trade  Europe  Germany  industrial  policy  UK  global  economy  recovery  Makers  Career  Politicians  competitive  advantage  competitive  competitiveness  competition  energy  dependence  Manufacturing  policy  error  policy  folly  renewable  energy  wind  energy  energy  efficiency  Conservative  Party  budget2015  Tories  austerity  corporate  tax  rate  capital  gains  tax  income  tax  tax  free  income  David  Cameron  George  Osborne  Iain  Duncan  Smith  deregulation  Workers  Union  self-regulation  regulation  regulators  neoliberalism  neoliberal  differentiate  differentiation  ZIRP  NIRP  QE  digital  economy  economic  history  trickle-down  economics  tax  evasion  tax  avoidance  export  exports  current  account  deficit  budget  deficit  trade  deficit  fiscal  deficit  fiscal  policy  fiscal  stimulus  STEM  research  knowledge  economy  knowledge  worker  economics  of  abundance  marginal  cost  economic  damage  shared  economic  interest  macroeconomic  policy  microeconomic  policy  DWP  education  policy  inequality  Gini  coefficient  social  mobility  poverty  trap  child  poverty  income  mobility  creative  destruction  Future  of  Work  Mobile  Creatives  Mobile  White-collar  Blue-collar  squeezed  middle  class  Sozialer  Abstieg  working  poor 
august 2015 by asterisk2a
A Funny Thing Happened on the Way to $80 Oil - Bloomberg View
[ new duopoly? - USA - OPEC, and OPEC not wanting that?! ] I'm sticking with my forecast of $10 to $20 a barrel. The logic behind that February projection still seems valid. Cartels exist to keep prices above equilibrium. But that encourages cheating, as cartel members want more than their allotted share and outsiders sell more to take advantage of the artificially elevated price. So the job of the cartel leader -- in OPEC's case, Saudi Arabia -- is to cut its production to accommodate the cheaters and prevent a price collapse. The Saudis had been doing that for decades, and as a result, OPEC production over the last 10 years has been flat, with all the growth instead enjoyed by non-OPEC producers, including U.S. frackers and Canadian oil-sands companies. [...] In Texas's Permian Basin and in the Persian Gulf, the marginal cost is $10 to $20 a barrel, and even lower for some Saudi oil fields. [...] Russia is desperate for anything that will earn foreign exchange. // &! bv.ms/1yKiZBs
OPEC  cartel  Oil  price  oligopol  monopoly  duopoly  marginal  cost  Saudi  Arabia  foreign  affairs  foreign  policy  foreign  relations  Middle  East  Russia  China  deflationary  deflation  fracking  shale  gas  shalegas  USA  energy  price  energy  policy  renewable  energy  2015  economic  history 
august 2015 by asterisk2a
Saudi Arabia will need deep pockets if it is to win its oil war with US | Larry Elliott | World news | The Guardian
Riyadh’s plan to raise $27bn from bond sales is a sign that its economic battle with United States is taking its toll [...] Saudi Arabia is an expensive country to run for the House of Saud. Fearful of Iran, it has imported the latest military kit to show that it is the Middle East’s regional superpower. Higher defence spending has also been needed to fund action in Yemen and to counter the threat from Islamic State. In addition, Saudi Arabia has an unemployment problem that it fears may become a social unrest problem. Two-thirds of the population is under 30 and the unemployment rate for the 16-29 age group is 29%. [...] [IMF] estimates that Saudi Arabia is on course to run a budget deficit of 20% of national income this year. [...] oil accounts for almost 90% of Saudi Arabia’s revenues, [...] Saudis are now embroiled in a long – and expensive – war of attrition. And one they may not win. // &! /bbc.in/1gmHu0V
OPEC  shale  gas  shalegas  Oil  price  tarsand  fracking  USA  Europe  Saudi  Arabia  short-term  thinking  short-term  view  policy  folly  policy  error  democracy  Religion  western  world  fiscal  policy  industrial  policy  Career  Politicians  corruption  bribery  Islamic  Law  Law  &  Justice  Justice  System  foreign  affairs  foreign  policy  2015  national  interest 
august 2015 by asterisk2a
Royal Dutch Shell cuts 6,500 jobs - BBC News
Oil giant Royal Dutch Shell has announced it has shed 6,500 jobs as part of cost-cutting plans as it seeks to counter falling oil prices. // &! bbc.in/1OPYI2I - British Gas owner Centrica cuts 6,000 jobs [...] However, the strong performance at British Gas was offset by a collapse in profits at Centrica's oil and gas production division. Profits in this unit fell 78% to £116m as a result of lower oil prices. [...] Centrica appointed Iain Conn as chief executive at the start of this year. He has been conducting a strategic review of the business over the past five months, which has concluded Centrica should concentrate on the British Gas side of the business and reduce its activities in actual energy production, which takes major investment. That is a less attractive business currently, as raw energy costs, such as oil, are around $50-60 a barrel, half the levels of last year. Centrica said it was assuming the oil price would not move far from that for the foreseeable future.
energy  price  2015  Oil  price  recovery  global  economy  China  secular  stagnation  economic  growth  business  cycle  business  confidence  consumer  confidence  deflationary  deflation  disinflation  debtoverhang  sovereign  debt  crisis  Taper  balance  sheet  recession  Richard  Koo  energy  market  renewable  energy  green  energy  energy  security  wind  energy  energy  policy  energy  efficiency  competitive  competitiveness  OPEC  shale  gas  fracking  shalegas  UK  USA  Europe  Japan  debt-fuelled  recovery  debt  monetisation  debt  monetization  fiscal  policy  monetary  policy  austerity  ZIRP  NIRP  QE  productive  investment  asset  allocation  unintended  consequences  unknown  unkown  asset  bubble  speculative  bubbles  hunt  for  yield 
july 2015 by asterisk2a
Government makes ‘outrageous’ U-turn over fracking in precious wildlife sites | Environment | The Guardian
Green MP Caroline Lucas says decision to backtrack on vow to ban fracking in sites of special scientific interest shows ministers cannot be trusted on issue
UK  fracking  shale  gas  shalegas 
july 2015 by asterisk2a
Jeremy Rifkin: A New Era of Capitalism - YouTube
energy changes societies. urbanisation and suburban enabled by fossil fuels. // "Energy Internet" clients are houses with solar roof-top and plugged in electric cars. Nodes are wind and solar farms, storage forms etc. Sharing energy globally. Continentalisation. // scales laterally, favours SME/SMB. // democratise manufacturing = 3D printing // Top-Down Corps to Prosumer (ProAm) to everybody being a potentially player! thus entrepreneurship, differentiation, being remarkable (Seth Godin). Distributed. Collaborative. Open. Transparent. (Open Source). Lateral Power. (TaxiOS project (collaborative) vs Uber (still top-down Wall Street profit maximisation shareholder value with no shared economic interest, capitalism [ youtu.be/wCLPizjSe6I ]). // We have to move from geopolitics to biosphere politics. Wall Street corporates are no stakeholders in our world, well being etc. // Continental political unions. Europe, Asia, South America, North America // Curse of oil! no diversification.
book  Industrial  Revolution  2.0  Energy  Internet  infrastructure  investment  infrastructure  Smart  Grid  ProAm  differentiate  differentiation  Seth  Godin  Future  of  Work  Mobile  Creatives  Mobile  Creative  Career  Politicians  No  Representation  education  policy  vocational  education  practical  skills  practical  skill  set  geopolitics  biosphere  politics  carbonfootprint  carbonemission  fossil  fuel  Wall  Street  stakeholder  globalisation  globalization  Collaborative  Capitalism  crony  profit  maximisation  shareholder  value  productive  investment  underinvestment  GFC  21stcentury  Europe  tarsand  shale  gas  shalegas  fracking  economic  model  economic-thought  economic  history  academia  academic  academics  trickle-down  economics  economics  of  abundance  marginal  cost  economic  growth  empathy  authenticity  authentic  humanitarian  crisis  human  tragedy  human  capital  human  progress  human  being  global  citizenship  global  warming  extreme  weather  weather  extreme 
may 2015 by asterisk2a
BBC News - Oil firm Talisman Sinopec plans 300 North Sea job cuts
production cost higher, price lower, OPEC playing hard ball (it wants high production cost facilities (tar sands oil sands shale gas and expensive deep sea well operations and explorations to go bust under low oil prices for the next 6-12 months. it thinks it has the longer breath, deeper purse - HELLO WORLD!) = job cuts. first "asset" to go. --- BP, Shell, Chevron and Conoco Phillips have all announced reductions to their workforces recently. // http://www.economist.com/blogs/economist-explains/2014/12/economist-explains-4 &! http://www.vox.com/2014/12/16/7401705/oil-prices-falling &! http://www.bloomberg.com/news/2014-10-29/why-oil-prices-went-down-so-far-so-fast.html &! bit.ly/1COGvMx 35k jobs will be lost in 5 years &! the contrast of the working poor vs Millionaires - bit.ly/1yHz9tr &! bit.ly/1Gue1O6 "but the party is not over yet" bc this will pass too (OPEC's move/price war and global economy expectations 2015) &! 7k job cuts at Schlumberger bit.ly/158SetV &! bit.ly/1sXXs74
North  Sea  Oil  and  Gas  oilprice  price  UK  Aberdeen  global  economy  2015  general  election  2015  OPEC  shalegas  fracking  shale  tarsand  sands  political  theory  political  science  foreign  relations  foreign  affairs  foreign  policy  Middle  East 
january 2015 by asterisk2a
Niedrige Ölpreise steigern Gefahr von Fehlinvestitionen - SPIEGEL ONLINE
Es geht um Öl. Die USA fördern immer mehr davon und locken mit billiger Energie auch deutsche Unternehmen ins Land. Nachhaltig geht anders.
shalegas  fracking  Vernunft  sustainability  sustainable  renewable  energy  energy  security  energy  efficiency  energy  policy  Career  Politicians  Makers  human  progress  tarsand 
november 2014 by asterisk2a
BBC News - UK's oil, coal and gas 'gone in five years'
"Britain has just 5.2 years of oil." Aberdeen companies (whole region) got 2 pivot 2 off-shore windfarm tech and maintenance and tidal wave technology [clean tech - clean energy technology]. PLUS there is the decommissioning business, decommissioning of oil and gas platforms. Plus the option of building/solidifying itself as knowledge and skill hub for global oil and gas business - the mobile creative / skill-based worker. Otherwise it could turn sour quiet quickly like the areas where the coal mines and other post-heavy industry locations in the UK were - them being still smudge of economic inactivity on UK's economic landscape and economic history. "Ministers are hoping that enough shale gas - extracted by fracking - will be obtained to make a difference, the BBC's environment analyst Roger Harrabin says." The gas amount from fracking in UK is negligible, not comparable to USA even if accounted 4 landmass size & energy usage/capita. + http://econ.st/1n8oyAZ http://econ.st/1gdiesV
UK  energy  security  energy  policy  industrial  policy  Aberdeen  renewable  energy  clean  tech  clean  energy  technology  Scotland  Scottish  Independence  economic  history  davidcameron  GeorgeOsborne  public  policy  green  energy  fracking  shalegas  shale  gas  2014  2015  nuclear  power  energy  crunch  brownouts  blackouts  competitiveness  Russian  Reliance  Europe  foreign  policy  foreign  affairs  Career  Politicians  accountability  governance  democracy  long-term  thinking  short-term  thinking  election  campaign  promises  general  election  2015 
may 2014 by asterisk2a
Fracking, Schiefergas: Das Märchen von der deutschen Erdgas-Bonanza - SPIEGEL ONLINE
In der Fachwelt glaubt daran fast niemand. US-Gasanalyst: "Ein Tropfen auf den heißen Stein" Mehr deutsches Schiefergas bringt sinkende Gas- und Strompreise - die Gleichung scheint so logisch, dass sie in der Öffentlichkeit kaum hinterfragt wird. In der Fachwelt geht jedoch fast niemand davon aus, dass sie stimmt. Tatsächlich dürfte das Schiefergas wenig zur Lösung der deutschen Energieprobleme beitragen. Das liegt nicht nur am Widerstand der Anwohner gegen die in Deutschland bisher nicht erprobte Fracking-Methode, "Wer außerhalb der USA auf eine Schiefergas-Revolution wartet, wird enttäuscht werden", stellte die Deutsche Bank 2011 in einer Studie fest.
shalegas  shale  gas  energy  security  Germany  fracking  Schiefergas 
february 2013 by asterisk2a

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