Energy Update
It seems counterintuitive, doesn’t it? If utilities are in the business of selling kilowatt-hours, then why would it make sense for them to help customers produce enough of their own kilowatt-hours that they don’t need to buy them from the utility anymore?
I try, often as not, to refrain from raising problems without suggesting something by way of useful answers. There are those times, of course, when anything approximating an upbeat response is simply beyond the ken or need wait for events to catch up.
LUSAKA, Jan 4 (Reuters) - Zambian workers have downed tools
at a mine and copper processing plant belonging to Konkola
Copper Mines (KCM), a unit of Vedanta Resources, in a
dispute over the pace of wage talks, a union official said on
Wednesday.
TORONTO, Jan 4 (Reuters) - Canada's main stock index rose to
a fresh 20-month high on Wednesday as financial and industrial
shares led a broad-based rally and Encana Corp jumped
on an improved outlook.
BEIRUT, Jan 4 (Reuters) - Lebanon's new government on
Wednesday passed two decrees concerning oil and gas exploration
blocks, meaning a tender process for offshore reserves, stalled
since 2013, can begin.
TORONTO, Jan 4 (Reuters) - Canada's main stock index opened
higher on Wednesday, a day after hitting a 20-month high, as
industrial and materials stocks gained and Encana Corp
jumped on an upward revision to its margin forecast.
DUBAI, Jan 4 (Reuters) - Arab separatist militants in Iran
said on Tuesday they had blown up two oil pipelines in
coordinated attacks in the western Khuzestan region two days
earlier, though this was subsequently denied by Iran's Interior
Ministry.
Jan 4 (Reuters) - Canadian oil and natural gas producer
Encana Corp said on Wednesday it expects its margins in
2017 to exceed its previous target on lower costs and an
expected rise in output in the second half of this year.
PARIS, Jan 4 (Reuters) - A French court on Wednesday
postponed the corruption trial of the son of Equatorial Guinea's
president until June 19, bringing proceedings to a halt two days
after they had begun.
DUBAI, Jan 4 (Reuters) - State-owned Kuwait Petroleum Corp
(KPC) said on Wednesday it was committed to an oil output cut
agreed by the Organization of Petroleum Exporting Countries at a
meeting in Vienna in November, Kuwait's state news agency KUNA
reported.
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