Senior Market Analyst, Commodities and Energy
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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.”

Jan 31, 2014

Critical minerals and mining reform in the U.S.: Kemp

LONDON, Jan 31 (Reuters) – Critical minerals like rare
earths, lithium and tellurium are becoming ever more essential
to the modern economy, yet production in the United States
remains limited, leaving the country relying on imports from
just a handful of countries led by China.

For many of these materials, there are few substitutes,
raising obvious concerns about supply security.

Jan 30, 2014

Oil industry starts to squeeze costs, wages: Kemp

LONDON, Jan 30 (Reuters) – Cutting the cost of everything
from salaries and steel pipes to seismic surveys and drilling
equipment is the central challenge for the oil and gas industry
over the next five years.

The tremendous increase in exploration and production
activity around the world over the last ten years has strained
the global supply chain and been accompanied by a predictable
increase in operating and capital costs.

Jan 28, 2014

America’s energy revolution transforms international relations: Kemp

LONDON, Jan 28 (Reuters) – North America’s energy revolution
is remaking all aspects of the global economy and international
relations in what has turned out to be the most profound shift
in the second decade of the 21st century.

Policymakers and climate scientists prefer to talk about the
transformational potential of clean technologies like wind,
solar and electric vehicles.

Jan 27, 2014

Insurers weigh risks of an oil-train catastrophe: Kemp

LONDON, Jan 27 (Reuters) – In the event of a mass-casualty
accident involving the derailment of a crude-carrying train in a
densely populated urban area, who would be responsible for the
compensation for deaths, injuries, damage to property and
environmental clean up?

The short answer is the railroad operator. By law, the
operator of any railroad in the United States or Canada cannot
refuse to transport any cargo, no matter how hazardous, provided
it conforms to applicable regulations.

Jan 24, 2014

Class 111 tank car dangers demand action by 2017: Kemp

LONDON, Jan 24 (Reuters) – Accident investigators have told
regulators in the United States and Canada that safety
regulations have failed to keep pace with the risks of moving
large volumes of crude oil by train.

The U.S. National Transportation Safety Board (NTSB) and
Canada’s Transportation Safety Board (TSB) wrote on Thursday to
the Pipeline and Hazardous Materials Safety Administration
(PHMSA), the Federal Railroad Administration (FRA) and Transport
Canada.

    • 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."
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