Energy Update
While the UK has backtracked on a few renewable issues of late, including cutting subsidies for wind and solar, one thing is clear— they have a target to reach for reducing carbon emissions and, at the moment, they look like they will fail to meet this for 2020. That’s less than four years away and the government’s energy and climate change policy seems in a little disarray to say the least.
President Barack Obama announced new federal conservation measures Wednesday at Lake Tahoe as he seeks to emphasize global efforts to fight climate change ahead of the Group of 20 summit in China.
Sept 6 (Reuters) - Four Houston-area refineries were unable
to receive crude oil from tankers on Tuesday after a portion of
the Houston Ship Channel was shut due to a fire aboard an empty
tanker, according to the U.S. Coast Guard.
The UK is unlikely to have the appetite to subsidize both new nuclear and CCS, but CCS has failed on a commercial level in the UK.
Sept 6 (Reuters) - EOG Resources Inc said on Tuesday
it would buy privately held Yates Petroleum Corp and some of its
subsidiaries and other entities in a deal valued at $2.5 billion
to boost its assets in the Permian and Powder River basins.
PARIS, Sept 6 (Reuters) - North African countries should be
cooperating more to stop Islamic State fighters who are fleeing
their Libyan stronghold of Sirte from returning to their
homelands and causing trouble there, Tunisia's defence minister
said on Tuesday.
The city that never sleeps expects to provide savings to consumers that make ice at night — when electricity demand is low — to cool dairy, meat and produce during the heat of the day.
ANKARA, Sept 6 (Reuters) - Iran supports an oil price of
$50-60 per barrel and any measure to stabilise the market, state
TV quoted the country's oil minister as saying on Tuesday.
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