Senior Market Analyst, Commodities and Energy
John's Feed
Feb 13, 2014

New electricity tariffs to focus on service not kilowatts: Kemp

LONDON, Feb 13 (Reuters) – Electricity suppliers should be
paid according to the services they provide, including reliable
and environmentally friendly heat, light and power, rather than
the quantity of electricity they supply, according to green
groups and retailers themselves.

“The retail electricity distribution business should not be
viewed or regulated as if it were a commodity business,” the
Edison Electric Institute (EEI) and Natural Resources Defense
Council (NRDC) said in a joint statement on Wednesday.

Feb 12, 2014

Blame Britain’s floods on rainfall over Indonesia: Kemp

LONDON, Feb 12 (Reuters) – North America’s bitter cold and
Britain’s intense storms and flooding are due to heavy rain,
caused by higher coastal temperatures, in Indonesia and tropical
western Pacific via shifts in the jet stream, the UK
Meteorological Office says. (“Recent storms and floods in the
UK” Feb. 11).

A “persistent pattern of enhanced rainfall” – 50 percent
higher than normal in December and January – created westerly
winds that pulled storms into the region from the northern
Pacific, linking weather systems in the tropics with those
closer to the polar regions.

Feb 11, 2014

Better batteries are key to climate change: Kemp

LONDON, Feb 11 (Reuters) – Finding a better way to store
electrical energy is the single biggest breakthrough needed to
tackle climate change. But the goal of developing batteries that
are lighter, as well as more compact, powerful and affordable
remains frustratingly elusive.

Virtually all usable energy on Earth originates from the
sun: wind, solar, wood, even fossil fuels. Oil, gas and coal are
simply the fossilised remains of organisms that lived in ancient
forests, lakes and seas, which relied on photosynthesis to
harness the sun’s energy.

Feb 10, 2014

Dry winter to spur gas, coal burning in western US: Kemp

LONDON, Feb 10 (Reuters) – Below normal rain and snow fall
along the Pacific coast and Rocky mountains this winter will
sharply reduce hydropower production and increase reliance on
coal and gas-fired generation throughout the western states in
2014.

Two-thirds of all U.S. hydropower production is concentrated
in the 11 states of the Pacific and Mountain West, where it
supplies around 28 percent of the region’s electricity
consumption.

Feb 10, 2014

Living without water in the U.S. West: Kemp

LONDON, Feb 10 (Reuters) – Water supplies across the western
and southwestern United States are becoming severely strained as
more people move into areas with limited rainfall and shrinking
groundwater.

Since the turn of the century, the 15 states that the
federal government includes in its Pacific, Mountain and West
South Central census divisions have seen their population rise
by almost 17 million.

Feb 6, 2014

Don’t blame frackers for U.S. water shortages: Kemp

LONDON, Feb 6 (Reuters) – For 25 years, U.S. specialists in
international relations have been predicting water shortages
will become a source of conflict.

But the real water wars are brewing at home, where farmers,
environmentalists and the oil and gas industry are falling out
over water supplies in the drought-stricken Southwest.

Feb 6, 2014

U.S. airlines cut fuel consumption: Kemp

LONDON, Feb 6 (Reuters) – High oil prices have radically
reshaped fuel consumption in the airline industry – a sector
where demand was supposed to be insensitive to the cost of crude
because there are few obvious alternatives.

Travelling across continents and oceans by road, rail or sea
is impractical, and there is no real substitute for using
refined petroleum products to power aircraft.

Feb 4, 2014

Shell’s fall from grace: Kemp

LONDON, Feb 4 (Reuters) – “All political lives, unless they
are cut off in midstream at a happy juncture, end in failure,”
wrote Enoch Powell, a former member of Britain’s parliament who
held controversial views on immigration and national identity.

Much the same could be said of business careers, as Shell’s
former chief executive Peter Voser has learned the hard
way. His strategy of continuing to invest in complex
megaprojects through the oil industry cycle is now blamed for
the company’s recent profit warning and underperformance.

Feb 3, 2014

EU weighs competitiveness and climate policy: Kemp

LONDON, Feb 3 (Reuters) – “I don’t want us to be the only
people out there in front of the rest of the world,” Britain’s
finance minister George Osborne said last September, speaking
about the country’s role in tackling climate change.

“I certainly don’t think we should be further ahead of our
partners in Europe,” Osborne went on, in comments that were
seized on by the government’s critics to question its commitment
to reducing greenhouse emissions and be “the greenest government
ever.”

Feb 3, 2014

EU weighs competitiveness and climate policy: Kemp

LONDON, Feb 3 (Reuters) – “I don’t want us to be the only
people out there in front of the rest of the world,” Britain’s
finance minister George Osborne said last September, speaking
about the country’s role in tackling climate change.

“I certainly don’t think we should be further ahead of our
partners in Europe,” Osborne went on, in comments that were
seized on by the government’s critics to question its commitment
to reducing greenhouse emissions and be “the greenest government
ever.”

    • About John

      "John joined Reuters in 2008 as one of its first financial columnists, specialising in commodities and energy. While his main focus is on oil markets, he has written broadly on the emergence of commodities as an asset class, regulatory issues and macroeconomic themes. Before joining Reuters, John spent seven years as a senior analyst for Sempra Commodities (now part of JP Morgan) covering base metals and crude oil. Previously, he worked as an analyst on world trade, banking and financial regulation for consultancy Oxford Analytica."
    • Follow John