LONDON, Nov 21 (Reuters) – Before sitting down to negotiate
with someone, make sure they have the authority to deliver their
side of the deal. It is one of the cardinal rules for
For one side to be confident enough to make concessions, it
must know the reciprocal concessions offered by the other will
be honoured and additional demands will not be made at the last
minute altering the delicate balance of compromise.
LONDON, Nov 20 (Reuters) – European refineries must stop
being treated as strategic assets, propped up by politicians, if
they want to become profitable again.
“The oil refining sector is a strategic European asset,”
according to the European Petroleum Industry Association,
Europia, which lobbies in Brussels on behalf of the refiners.
LONDON, Nov 19 (Reuters) – Integrating an increasing supply
of wind, solar and other variable sources of power onto the grid
will require conventional plants to become more flexible. The
question is whether coal-fired generators are up to the
On a grid with more renewables, conventional gas, coal and
nuclear generators have to be able ramp their output up and down
at short notice to offset short-term changes in wind speed and
LONDON, Nov 18 (Reuters) – Climate campaigners reserve a
special scorn for coal-fired power generation. Coal has replaced
nuclear as the form of energy that environmentalists most love
“The world needs to turn its back on the fossil fuels of the
past, like coal, which have helped to create today’s climate and
instead look to the clean, renewable energy sources of the
future,” the UK charity Christian Aid said on Monday.
LONDON, Nov 15 (Reuters) – How quickly the shale revolution
spreads from North America to the rest of the world is the
single most important factor affecting the outlook for oil and
gas markets over the next two decades.
For pessimists, the conditions that made the shale
revolution possible in the United States will be difficult to
replicate, slowing the spread of shale oil and gas production.
LONDON, Nov 12 (Reuters) – New funding for research into
lower-cost ways of capturing carbon dioxide is meant to
emphasise the Obama administration’s commitment to a future for
cleaner coal-fired power generation.
But it underlines the continuing cost problems with carbon
capture technology that make it hard to deploy on a commercial
LONDON, Nov 11 (Reuters) – Saudi Arabia is just about the
only energy producer so far unaffected by the shale revolution.
Yet despite appearances, Saudi Arabia’s financial and
oil-market strength is brittle. Saudi policymakers must
successfully deal with a series of problems by the end of the
LONDON, Nov 8 (Reuters) – American opinion on hydraulic
fracturing appears to be dividing along partisan lines, with
Democrats opposed even in areas where there is little drilling,
while Republicans are far more likely to be in favour.
In elections on Tuesday, voters in three Colorado cities
supported ballot measures prohibiting hydraulic fracturing or
imposing a moratorium for five years.
LONDON, Nov 8 (Reuters) – The U.S. Commodity Futures Trading
Commission (CFTC) is making another attempt to impose position
limits on 28 core futures contracts covering agricultural
products, energy and metals, after a U.S. court vacated its
first attempt due to procedural errors.
The court ordered the commission to use its “experience and
expertise” to resolve perceived ambiguities in the law on
position limits. The CFTC is now trying to do just that with a
much lengthier and more detailed notice of proposed rulemaking
justifying its decision, running to no fewer than 459 pages.
LONDON (Reuters) – The recently completed retail market review is the last chance to deal with concerns about the poor functioning of gas and electricity markets without fundamental institutional or structural reform, Britain’s regulator, Ofgem, has warned.
There is a “very short window of opportunity to make the market work well”, Ofgem’s interim chief executive told a conference in London on Tuesday.