Senior Market Analyst, Commodities and Energy
John's Feed
Mar 13, 2013

Flammable ice: last hope or gravest threat? John Kemp

LONDON, March 13 (Reuters) – There is enough gas locked in
ice-like crystals buried beneath the permafrost and trapped
under the oceans to guarantee the world will not run out of
fossil energy for centuries.

This potential energy source will be irrelevant, however, to
almost everyone for many decades to come, except perhaps Japan.

Mar 12, 2013

Drilling for more oil in your fuel tank: Kemp

LONDON, March 12 (Reuters) – North America’s shale fields
are the most visible symbol of the energy revolution, but they
tell less than half the story. An even bigger transformation is
taking place in the engines and fuel tanks of cars and trucks
across the United States.

High oil prices, recession and tougher fuel economy
standards have combined to cut 5.5 million barrels per day from
projected U.S. oil consumption in 2020, according to an analysis
of forecasts published in recent years by the U.S. Energy
Information Administration (EIA).

Mar 6, 2013

Could diesel engines go the way of coal-powered warships? Kemp

LONDON, March 6 (Reuters) – Unless prices for natural gas
and crude start to converge soon in the United States, the
overwhelming incentive to switch to dual fuel engines which use
a mix of diesel and natural gas will be overwhelming

It will oust oil-based fuels from a huge range of
applications, ranging from trains, ships and trucks to
industrial engines.

Mar 5, 2013

Broken Brent, hedge fund noise and static fundamentals: Kemp

LONDON, March 5 (Reuters) – Observing Brent in the first two
months of 2013 has been a bit like watching a broken barometer.
It is not clear what the market has been reacting to, as prices
swing to and for, but it certainly hasn’t been fundamentals.

Volatility has fallen to its lowest level for almost two
decades. But what remains seems to have been induced by hedge
funds rather than changes in physical supply and demand.

Mar 4, 2013

Nuclear-powered Middle East draws closer: Kemp

LONDON, March 4 (Reuters) – The Middle East generates a
smaller share of electricity from nuclear than any other region
of the world. But before the end of the decade the United Arab
Emirates (UAE) is set to join Iran, which has linked a nuclear
power plant to its grid.

Other countries considering construction of reactors include
Turkey, Jordan and Saudi Arabia.

Feb 28, 2013

Britain must try harder to keep the lights on: Kemp

LONDON, Feb 28 (Reuters) – Keeping the lights on and the
country warm must be the first and over-riding priority for
Britain’s gas and electricity utilities, as well as its energy
market regulator, and ministers at the Department of Energy and
Climate Change (DECC).

If they cannot meet reasonable gas and electricity demand
they must be replaced by other institutions and leaders who can.
Failure is not an option.

Feb 26, 2013

Glencore’s Glasenberg, live and unplugged: Kemp

LONDON, Feb 26 (Reuters) – “What we’ve got to do, when the
markets do get stronger, no need to keep building a new asset
and let’s keep the market tight for a while,” Glencore Chief
Executive Ivan Glasenberg said in remarks about overinvestment
in the mining industry.

Glasenberg’s comments underlined the case for vigilant
antitrust enforcement in the mining sector.

Feb 20, 2013

Sinking City’s lessons for fracking: Kemp

LONDON, Feb 20 (Reuters) – Few places on earth bear the
scars of oil production like Long Beach, California.

Parts of the city have sunk by as much as 29 feet from their
original level because of subsidence caused by extraction of
billions of barrels of oil from the giant Wilmington field lying
directly beneath the city’s streets and the adjoining harbour.

Feb 18, 2013

U.S. refiners focus on exporting to Latin America: Kemp

LONDON, Feb 18 (Reuters) – Most analysts still write about
the U.S. fuel market as if it were a closed system, with
refiners importing crude to meet domestic needs and bringing in
some extra gasoline from Europe to meet peak demand during the
summer driving season.

But that model has long ceased to be an accurate description
of how the system works.

Feb 15, 2013

Obama’s Sphinx-like energy policy: John Kemp

LONDON, Feb 15 (Reuters) – President Barack Obama’s policy
on energy and climate change remains inscrutable, full of
strategic ambiguity, which probably suits him just fine.

The soaring rhetoric in his State of the Union address -
“for the sake of children and our future we must do more to
combat climate change” – masks a more complicated, some would
say pragmatic, approach to the role of clean technology and
fossil fuels in meeting future energy demands while curbing
greenhouse gases.

    • 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