Senior Market Analyst, Commodities and Energy
John's Feed
Feb 26, 2014

With prison threat, U.S. tightens screw on oil shippers: Kemp

LONDON, Feb 26 (Reuters) – Crude oil shippers in the United
States must conduct detailed chemical tests and classify cargoes
as moderate- or high-risk materials before loading them onto the
rail network, or face prison, under an order issued by the U.S.
Department of Transportation on Monday.

Safety officials have acted following a spate of fiery
derailments involving crude-carrying trains, including an
accident in Quebec in 2013 that killed at least 42 people.

Feb 25, 2014

Railroads act to reduce crude-by-rail risks: Kemp

LONDON, Feb 25 (Reuters) – U.S. railroad operators have
agreed new safety procedures to reduce the number of fiery
derailments involving crude-carrying trains and cut the risk of
a catastrophic explosion in a densely populated urban centre.

The agreement between the Association of American Railroads
(AAR) and the U.S. Department of Transportation (DOT), announced
on Friday, builds on safety enhancements many rail operators had
already implemented individually.

Feb 24, 2014

Wood review aims to end squabbles in UK’s North Sea: Kemp

LONDON, Feb 24 (Reuters) – Britain’s North Sea exploration
and production business is set to be transformed, with
cooperation replacing competition and proactive, intrusive
regulation replacing a light touch.

On Monday, ministers promised to back fully the
recommendations contained in Ian Wood’s review on maximising oil
and gas recovery from the UK Continental Shelf
(www.woodreview.co.uk).

Feb 21, 2014

Low government salaries hamper U.S. oil drilling: Kemp

LONDON, Feb 21 (Reuters) – Personnel shortages at the U.S.
Department of the Interior are causing delays in issuing oil and
gas drilling permits as well as missed targets for important
oversight work, according to a government performance audit.

“Interior continues to face challenges hiring and retaining
key oil and gas staff – particularly petroleum engineers,
inspectors and geologists,” the Government Accountability Office
(GAO) warned in a report to Congress released on Wednesday.

Feb 19, 2014

Britain wants you to postpone using the kettle: Kemp

LONDON, Feb 19 (Reuters) – “Cripplingly high power costs are
forcing some of Britain’s heavy manufacturers to shut down their
entire operation at peak times, with furnaces cooling and
workers shivering in cold, darkened offices,” according to an
article in Wednesday’s Financial Times.

“It costs us 27 pounds (about $45) to boil the kettle. We
end up telling our workers to sit in the mess room together to
keep warm, because we can’t afford to keep going,” Tony Pedder,
chairman of Sheffield Forgemasters, a heavy engineering firm,
complained.

Feb 18, 2014

U.S. orders power grid to prepare for solar storms: Kemp

LONDON, Feb 18 (Reuters) – U.S. electricity regulators have
begun drafting new reliability standards to protect the power
grid from a repeat of severe geomagnetic storms like those that
crippled the U.S. telegraph service in 1859 and blacked out
Quebec in 1989.

Experts remain divided about just how much damage the grid
would sustain in the event of another big solar storm, but
regulators are taking a safety-first approach, ordering
reliability coordinators and transmission operators to start
preparing.

Feb 17, 2014

Protecting the power grid from sabotage and terrorism: Kemp

LONDON, Feb 17 (Reuters) – “We are concerned that voluntary
measures may not be sufficient to constitute a reasonable
response to the risk of physical attack on the electricity
system,” four senior U.S. senators wrote in a letter to
regulators this month.

The letter was prompted by a Wall Street Journal
investigation into a night-time sniper attack in April 2013 on
the Metcalf substation in southern California which threatened
to blackout power to thousands of homes (“Assault on California
power station raises alarm on potential for terrorism”, Feb. 4).

Feb 13, 2014

New electricity tariffs to focus on service not kilowatts: Kemp

LONDON, Feb 13 (Reuters) – Electricity suppliers should be
paid according to the services they provide, including reliable
and environmentally friendly heat, light and power, rather than
the quantity of electricity they supply, according to green
groups and retailers themselves.

“The retail electricity distribution business should not be
viewed or regulated as if it were a commodity business,” the
Edison Electric Institute (EEI) and Natural Resources Defense
Council (NRDC) said in a joint statement on Wednesday.

Feb 12, 2014

Blame Britain’s floods on rainfall over Indonesia: Kemp

LONDON, Feb 12 (Reuters) – North America’s bitter cold and
Britain’s intense storms and flooding are due to heavy rain,
caused by higher coastal temperatures, in Indonesia and tropical
western Pacific via shifts in the jet stream, the UK
Meteorological Office says. (“Recent storms and floods in the
UK” Feb. 11).

A “persistent pattern of enhanced rainfall” – 50 percent
higher than normal in December and January – created westerly
winds that pulled storms into the region from the northern
Pacific, linking weather systems in the tropics with those
closer to the polar regions.

Feb 11, 2014

Better batteries are key to climate change: Kemp

LONDON, Feb 11 (Reuters) – Finding a better way to store
electrical energy is the single biggest breakthrough needed to
tackle climate change. But the goal of developing batteries that
are lighter, as well as more compact, powerful and affordable
remains frustratingly elusive.

Virtually all usable energy on Earth originates from the
sun: wind, solar, wood, even fossil fuels. Oil, gas and coal are
simply the fossilised remains of organisms that lived in ancient
forests, lakes and seas, which relied on photosynthesis to
harness the sun’s energy.

    • 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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