Senior Market Analyst, Commodities and Energy
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Aug 15, 2013

Britain’s fracking communities eye US-style payouts: Kemp

LONDON, Aug 15 (Reuters) – Fracking set off a modern day
land rush across the United States, as “land men” acting on
behalf of exploration and production companies scrambled to
secure rights to drill and fracture underground formations for
oil and gas.

Landowners received hundreds or even thousands of dollars
per acre in exchange for allowing wells to be drilled and
pressure pumped, and hundreds of thousands or even millions of
dollars more if the wells struck petroleum and were put into
production.

Aug 14, 2013

What price for power at the flick of a switch? Kemp

LONDON, Aug 14 (Reuters) – Electrification was the single
greatest engineering achievement of the 20th century, according
to the U.S. National Academy of Engineering.

But buying electricity is not like buying a can of baked
beans. Irrespective of how much power households and businesses
use on any given day or month, they have come to expect that
nearly unlimited supply will always be available at any time at
the flick of a switch.

Aug 13, 2013

Fracking battle holds unflattering mirror up to Britain: Kemp

LONDON, Aug 13 (Reuters) – The village of Balcombe in West
Sussex has become the focal point for protests against hydraulic
fracturing in Britain. But Balcombe is also a fascinating
microcosm of the contradictions besetting Britain’s policies on
energy and economic development.

Like households across the rest of the country, Balcombe’s
residents use rather a lot of fossil fuels.

Aug 12, 2013

Computers, trees and terrorism, lessons from 2003 US blackout: Kemp

LONDON, Aug 12 (Reuters) – Exactly ten years ago, at 15:05
Eastern Time on August 14, 2003, an overhead power line came
into contact with an overgrown tree near Cleveland, Ohio.

What happened next is a frightening case study of how
vulnerable modern economies are to even a small disruption in
vital and highly interconnected systems.

Aug 9, 2013

Petroleum nationalism fades as super-cycle cools: Kemp

LONDON, Aug 9 (Reuters) – The balance of power between host
countries and petroleum companies has shifted decisively as a
result of the shale revolution and the push into deepwater oil
and gas fields off the coast of Latin America and Africa.

The first decade of the 21st century was dominated by talk
about increasing “resource nationalism” as governments demanded
a greater share of the revenues from natural resources located
on their territory.

Aug 8, 2013

U.S. cracks apart London’s commodity market omerta: Kemp

LONDON, Aug 8 (Reuters) – “See no evil, hear no evil, speak
no evil” might well have been the motto for Britain’s commodity
market regulators in recent years.

In too many instances, light-touch self-regulation by the
exchanges, overseen by the Financial Services Authority (FSA),
now reincarnated as the Financial Conduct Authority (FCA), has
degenerated into ineffective or no regulation.

Aug 6, 2013

U.S. shale mania costs latecomers dear: Kemp

LONDON, Aug 6 (Reuters) – Shale sceptics have seized on big
writedowns in the value of shale gas and oil properties in North
America to question whether the fracking revolution could be
running into trouble.

On Aug. 1, Shell became the latest in a long line
of oil and gas companies to reveal a multi-billion-dollar
writedown in acreage value.

Aug 1, 2013

‘Free power Saturdays’ herald electricity pricing revolution: Kemp

LONDON, Aug 1 (Reuters) – Centrica, which supplies
electricity in the United Kingdom through its British Gas
subsidiary, has said it could offer free power to residential
consumers on Saturdays from next year, provided they have a
smart meter installed.

“Free power Saturdays” are a masterful piece of marketing
and illustrate how quickly smart metering will transform the way
residential customers use and pay for electricity in Britain and
around the world.

Aug 1, 2013

More mines open, making rare earths less rare: Kemp

LONDON, Aug 1 (Reuters) – The United States has resumed
mining rare earths after more than a decade, ending its total
reliance on imports, mostly from China, for raw minerals
Washington says are critical for the economy and national
security.

Responding to a quadrupling of prices between 2005 and 2011
and growing anxiety about supplies from China, Molycorp’s
Project Phoenix has sought to resurrect domestic production.

Jul 30, 2013

More honesty needed about Britain’s rising energy bills: Kemp

LONDON (Reuters) – Britain’s gas and electricity suppliers should itemize customer bills to show how much of the total is related to the fuel costs, transmission charges, company margins and the government’s own energy policies.

The recommendation is contained in a wide-ranging and insightful report on “Energy prices, profits and poverty” published on Monday by the House of Commons Select Committee on Energy and Climate Change.

    • 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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