• 4 minute Hey Oil Bulls - How Long Till Increasing Oil Prices and Strengthening Dollar Start Killing Demand in Developing Countries?
  • 8 minutes Could oil demand collapse rapidly? Yup, sure could.
  • 15 minutes Oil and Trade War
  • 5 hours Oil prices going down
  • 15 mins Could oil demand collapse rapidly? Yup, sure could.
  • 2 hours Migrants: Italy Wants EU Border Agency In Africa, Not At Sea
  • 4 mins Are EVs Safer Than Combustion Engine Vehicles?
  • 9 hours Sabotage at Tesla
  • 2 hours What If Canada Had Wind and Not Oilsands?
  • 2 hours Sell out now or hold on?
  • 17 hours Oil and Trade War
  • 4 hours Trump Hits China With Tariffs On $50 Billion Of Goods
  • 16 hours Germany Orders Daimler to Recall 774,000 Diesel Cars in Europe
  • 19 hours Russia and Saudi Arabia to have a chat on oil during FIFA World Cup - report
  • 13 hours The Wonderful U.S. Oil Trade Deficit with Canada
  • 5 hours The Irrelevance Of BTU Rating - Big Oil's Gimmick To Hoodwink The Public
  • 5 hours After Three Decade Macedonia End Dispute With Greece, new name: the Republic of Northern Macedonia
  • 3 hours Nopec Sherman act legislation
  • 20 hours Malaysia's Petronas vs. Sarawak Court Case - Will It End Up In London Courts?
OPEC Confident Global Oil Demand Will Stay Strong

OPEC Confident Global Oil Demand Will Stay Strong

The OPEC technical panel has…

Iranian Influence In Iraq Grows

Iranian Influence In Iraq Grows

Iranian influence in Iraq has…

Germany's Greens Criticize Govt. Over New Coal-Fired Power Plants

Germany's Greens, buoyant following Berlin’s decision to shutter the country’s nuclear power plants in the wake of the March Fukushima nuclear catastrophe in Japan, are sharply critical of the government’s intention to underwrite the construction of new coal-fired power plants to help produce power when the nuclear power plants go offline.
 
In reply to Greens Bundestag group Germany’s Economics Ministry wrote in a letter, "highly efficient, flexible fossil fuel power plants that need to be built in the years 2013 to 2016 will be subsidized to the tune of 5 percent of the annual outlay from the Energy and Climate Fund," Der Spiegel reported.
 
Germany’s Greens see the current situation as a unique opportunity to invest in renewable energy rather than conventional coal-fired power stations, which emit large volumes of greenhouse gases. Oliver Krischer, Bundestag deputy and energy expert said, "Coal-fired power plants are harmful to the climate and much too inflexible to balance the ups and downs in the generation of electricity from renewables."
 
Far from a blanket shutdown of the country’s nuclear power plants, the German government is mulling keeping one NPP as a possible backup option. Federal Grid Agency chief Matthias Kurth told an energy conference in Berlin, "The figures we have so far seem to suggest that we will need one of those nuclear power plants. The reason is that the much touted conventional cold reserve has not shown to be a viable option."

By. Charles Kennedy, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News