• 5 minutes Mike Shellman's musings on "Cartoon of the Week"
  • 11 minutes Permian already crested the productivity bell curve - downward now to Tier 2 geological locations
  • 17 minutes WTI @ 67.50, charts show $62.50 next
  • 17 hours The Discount Airline Model Is Coming for Europe’s Railways
  • 5 hours Pakistan: "Heart" Of Terrorism and Global Threat
  • 53 mins Saudi Fund Wants to Take Tesla Private?
  • 10 hours Desperate Call or... Erdogan Says Turkey Will Boycott U.S. Electronics
  • 1 hour Starvation, horror in Venezuela
  • 2 hours Renewable Energy Could "Effectively Be Free" by 2030
  • 10 hours Venezuela set to raise gasoline prices to international levels.
  • 1 day Batteries Could Be a Small Dotcom-Style Bubble
  • 4 hours Are Trump's steel tariffs working? Seems they are!
  • 1 day Newspaper Editorials Across U.S. Rebuke Trump For Attacks On Press
  • 2 days France Will Close All Coal Fired Power Stations By 2021
  • 2 days Don't Expect Too Much: Despite a Soaring Economy, America's Annual Pay Increase Isn't Budging
  • 24 hours Scottish Battery ‘Breakthrough’ Could Charge Electric Cars In Seconds
New Shipping Regulation Could Be A Boon For LNG

New Shipping Regulation Could Be A Boon For LNG

The International Maritime Organization’s sulfur…

The Productivity Problem In The Permian

The Productivity Problem In The Permian

The pipeline capacity crisis in…

Pollution Laws Threaten to Drop Britain into an Energy Crisis

European pollution laws have meant that some of the oldest dirtiest coal power plants in Britain have had to shut down. With little excess capacity and few new large projects set to come on line anytime soon Alistair Buchanan, from the energy regulator Offgem, has stated that Britain will become more and more reliant on foreign gas.

This will inevitably cause household fuel bills to rise, although by how much is impossible to predict; Japan, who relies heavily on imports, pays 60% more for its natural gas.

 Nick Clegg, the Deputy Prime Minister has warned that the public may note a rise in bills within the next two years as our reliance on gas peaks just at the time when global prices are expected to rise.

The large investments made in developing new wind, solar and nuclear sources of energy generation will not start to begin supplying the grid with electricity until 2020, after the expected boom in energy bills.

Related article: This Week in Energy - Billionaires Secretly Funding Climate Denial Think Tanks

Mr. Buchanan explained that “we’ll lean on gas and gas will account for about 60 per cent of our power station needs instead of 30 per cent as it does today.

And in order to get hold of that gas we’re going to have to go shopping around the world. And just at the time that we’re tight on power stations, the world is going to go tight on energy gas prices. So you’ve got a double squeeze.”

Greg Barker, the climate change minister, amongst others, blames Labour for failing to tackle the problem of diminishing energy generation capacity “for a whole decade” whilst it was in charge.

By. Charles Kennedy of Oilprice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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