Senior Market Analyst, Commodities and Energy
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Nov 6, 2014

U.S. Clean Power Plan poses risks to electricity reliability: Kemp

LONDON, Nov 6 (Reuters) – The Environmental Protection
Agency’s (EPA) Clean Power Plan could harm the reliability of
the power grid and may need to be modified before it is

In an initial review released on Wednesday, the North
American Electric Reliability Corporation (NERC) assessed how
proposed limits on greenhouse emissions from existing
fossil-fuelled power stations would affect the reliability of
the bulk power system (“Potential reliability impacts of EPA’s
proposed clean power plan”, Nov 5).

Nov 6, 2014

U.S. crude export controls are crumbling: Kemp

LONDON, Nov 6 (Reuters) – In the three months ending in
August, the United States and Canada swapped a record amount of
crude oil with each other, one of the more bizarre consequences
of outdated U.S. export controls.

Because U.S. oil producers cannot export crude oil to any
other country, crude is sent north to refineries in Canada, even
if it would make more sense to ship it to refineries in Europe,
Latin America or Asia.

Nov 4, 2014

Saudi Arabia is not declaring a volume war (yet): Kemp

LONDON, Nov 4 (Reuters) – Saudi Aramco cut the price of
December crude deliveries to U.S. refiners on Monday in order to
protect its competitiveness amid an erosion of its U.S. market
share by rival exporters such as Canada and Iraq.

In August, U.S. crude imports from Saudi Arabia slipped
below 900,000 barrels per day, according to the U.S. Energy
Information Administration.

Nov 3, 2014

Why Argentina is most attractive shale play outside US: Kemp

LONDON, Nov 3 (Reuters) – Cristina Fernandez, president of
Argentina, is the sort of populist political leader financial
markets love to hate.

For business interests and the media, she has become an
archetypal villain, a symbol of everything that has gone wrong
with the country’s economy over the last century.

Oct 31, 2014

EIA study removes final barrier to U.S. oil exports: Kemp

LONDON, Oct 31 (Reuters) – Gasoline prices in all parts of
the United States are tied to Brent rather than the domestic
crude oil benchmark WTI, according to a detailed study published
on Thursday by the Energy Information Administration (EIA).

The EIA study removes the last principled objection to
lifting the ban on U.S. crude oil exports – namely that it would
lift domestic oil prices and through them the cost of filling up
at the pump.

Oct 30, 2014

US manufacturing renaissance proves elusive despite cheap gas: Kemp

LONDON, Oct 30 (Reuters) – According to many commentators,
cheap natural gas is producing a renaissance in U.S.
manufacturing and putting European competitors at a

But empirical studies show the impact has been small and
concentrated in a handful of energy-intensive industries that
account for only a small share of manufacturing value-added.

Oct 30, 2014

Why Britain will not suffer blackouts this winter: Kemp

LONDON, Oct 30 (Reuters) – “If you can keep your head when
all about you are losing theirs and blaming it on you,” is the
famous opening line of a poem by Rudyard Kipling that was once
voted Britain’s favourite verse.

Published at the start of the 20th century, when Britain’s
empire was at its greatest extent, “If” captures the country’s
self-image as phlegmatic and unflappable.

Oct 27, 2014

Canadian power producers want to keep U.S. border open: Kemp

LONDON (Reuters) – “In a very real sense, the North American electricity market is borderless,” Canada’s electric industry wrote to U.S. energy regulators last month.

There are more than 35 high-voltage connections across the border. Another six lines will be in service by the end of the decade or are planned, the Canadian Electricity Association wrote to the U.S. Department of Energy, which is currently conducting the first Quadrennial Energy Review.

Oct 27, 2014

Divided by shale, only some U.S. states win: Kemp

LONDON, Oct 27 (Reuters) – Thanks to shale, energy-producing
states have been the strongest economic performers in the United
States over the past decade, sharply improving their position
compared with the energy-consuming states.

Only 13 of the 50 states produced more energy than they
consumed in 2010, the latest year for which comprehensive data
is available, according to the U.S. Energy Information
Administration (EIA).

Oct 23, 2014

History of controls on U.S. oil exports: Kemp

LONDON, Oct 23 (Reuters) – On Oct. 20, 1973, King Faisal of
Saudi Arabia imposed a total embargo on oil shipments to the
United States among other countries in response to their support
for Israel during the Arab-Israeli war.

Faisal’s decision led directly to the introduction of a ban
on U.S. crude exports, which remains in force in a slightly
modified form and is now the focus of an intense struggle for

    • 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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