LONDON, July 16 (Reuters) – Sooner or later OPEC members
will have to reduce output to reflect their reduced share of the
global oil market.
The organisation’s members must come to terms with
diminished demand for their crude as a result of booming shale
oil production in North America and strong production growth in
several other regions.
LONDON, July 16 (Reuters) – In a welcome attempt to help its
British customers understand why power and gas bills are rising
so rapidly and relentlessly, RWE’s npower subsidiary has
analysed the make-up of an average bill and found government
policy and transmission upgrades account for almost all cost
increases by 2020.
Policy and regulation will add an extra 144 pounds to the
average combined gas and electricity bill by 2020 while
investment in the transmission network is set to increase bills
by 114 pounds, according to “Energy Explained: The Changing Cost
of UK Energy” published by RWE npower on Tuesday.
LONDON, July 12 (Reuters) – The U.S. Department of Energy
wants to establish labelling programmes and minimum energy
efficiency standards for all computers and servers sold in the
In a pair of notices published in the Federal Register on
Friday, the department announced it has “tentatively determined”
that computers and servers should be treated as covered consumer
products under the Energy Policy and Conservation Act (EPCA).
LONDON, July 11 (Reuters) – Britain’s National Grid has
outlined plans to keep the lights on during the dark winter
evenings of 2014/15 and 2015/16 – when the margin of spare
generating capacity could fall as low as 4 percent and the risk
of some disconnections could be as high as 50 percent.
In the process, it has offered the first look at the grid of
the future. National Grid wants to use a smart approach
to create more flexibility in both electricity generation and
consumption to handle rising demand and the integration of
increasing amounts of uncertain wind power onto the network.
LONDON, July 10 (Reuters) – Notwithstanding the appalling
train disaster in Quebec this month, U.S. government accident
data show both railroads and pipelines are relatively safe ways
to move crude oil and other hazardous liquids over long
The Canadian derailment and subsequent explosion, which
killed at least 15 people and left dozens more unaccounted for,
has sparked a renewed debate about whether it is safer to move
crude and other hazardous liquids by tank car or pipeline.
LONDON, July 9 (Reuters) – Following every major disaster
there is an intense focus on the safety of the technology
concerned, but accident reports show the majority of incidents
are caused or made much worse by human error.
This month’s fiery train derailment in Canada and dramatic
plane crash in San Francisco have inevitably triggered an
intense focus on the safety of the technology concerned.
LONDON (Reuters) – Every fatal accident is a terrible tragedy, prompting searching questions about how it could have happened and whether more could have been done to prevent the loss of life.
The fireball that engulfed the Quebec town of Lac-Megantic after a runaway train derailed and exploded in the middle of the night is already stirring a debate about the safety of shipping crude oil and petroleum products by rail.
LONDON, July 5 (Reuters) – Cannabis farms consume an average
of 12,000 kilowatt-hours of electricity per month each, 40 times
the power used by a typical household, and account for a third
of all electricity stolen in Britain, according to a report by
the power market regulator.
Energy suppliers and regional distribution network operators
detect 20,000 to 25,000 cases per year, according to the Office
of Gas and Electricity Markets (Ofgem)(“Tackling electricity
theft” July 2013).
LONDON, July 4 (Reuters) – Legislation introduced in the
U.S. Senate aims to accelerate the construction of a nationwide
network of refuelling stations for natural gas-powered vehicles.
It is the first attempt to use the federal government’s
financial muscle to “nudge” the transport infrastructure towards
gas and overcome the network inertia that favours gasoline and
LONDON, July 3 (Reuters) – “The president has declared war
on coal,” West Virginia Senator Joe Manchin complained last
Manchin, a Democrat, was responding to President Barack
Obama’s much-heralded announcement that he had directed the
Environmental Protection Agency (EPA) to develop new emission
standards for existing power plants.