Gas sector to replace mining as Australia’s main growth driver

March 25, 2014
2014.03.25 Australia’s mining sector will soon be placed in the backburner of the country’s economic growth drivers as a new study published by Deloitte Monday identified at least five new areas that are set to overtake the resources industry’s current position. In Deloitte’s report “Positioning for Prosperity? Catching the next wave“ the experts identify 25 sectorial hotspots with

The energy transition tipping point is here

March 18, 2014
The economic foundations supporting fossil fuels investments are collapsing quickly, as the business case for renewables such as solar and wind finds a new center of balance. I have waited a long time—decades, really—for a tipping point in the energy transition from fossil fuels to renewables beyond which there can be no turning back. Fresh

Deal of the century: buy out the US coal industry for $50bn

March 14, 2014
2014.03.14 Would you make a one time $50 (£31) investment to save $100-500 each year? Sound good? Add nine zeros to each of those numbers. In other words, invest $50bn once over the next decade, and generate $100-$500bn in benefits every year. That’s the surprisingly low price to buy up and shut down all the

The Chaori corporate bond default and financial stability

March 11, 2014
2014.03.11 Shanghai Chaori Solar Energy Science and Technology Company has failed to make an interest payment on its corporate bonds in the first corporate bond default in China. This default has caused quite a stir among analysts, many of whom view this as an opportunity for China’s corporate bond market to enhance its risk pricing mechanism. This

Coal’s сomeback year runs into trouble

March 7, 2014
2014.03.07 The U.S. coal industry is expected to have a comeback year in 2014, regaining some of the ground it lost in the electric power industry over the last 3 years or so. Low-cost natural gas shoved aside the coal industry, which has been plagued by rising costs and increasingly stringent environmental regulations. But the

Rules of thumb for junior mining speculators — a light at the end of the tunnel

February 18, 2014
2014.02.18 Fundamental trends have been set in motion over the past few years that follow upon the previous decade-long bull market and that point to an improving investment climate for the junior miners. As we all know, for most speculators and investors the past few years in the mining and exploration sector have been disastrous.

Japan first country to pay for Iranian crude following interim deal

February 12, 2014
2014.02.12 According to a Reuters exclusive, Japan became the first country to pay for crude imports under the interim nuclear deal between Iran and the P5+1 which allows for limited sanctions relief. The deal went into effect in late January 2013 and will continue for a period of six months during which time Iran and the P5+1

China’s bold $10 billion investment in Nigerian hydrocarbons

January 27, 2014
2014.01.27 Developers in the pursuit of commercially available oil found it in Nigeria in 1956, with the country’s first oil field beginning production in 1958. The last 56 years have seen Nigeria oil production surge to 2.524 million barrels per day and the country joining OPEC, but the last five decades have also seen most

BP sees growth in energy demand slowing, emissions rising 29% by 2035

January 17, 2014
2014.01.17 Energy giant BP has some predictions on the future of energy. The news isn’t great for coal, oil or the environment. In its fourth annual Outlook report, BP forecasts that growth in energy demand will start slowing, especially for oil and coal. The overall increase in energy demand is still massive though. “Energy consumption

Americans are buying less electricity. That’s a big problem for utilities

January 14, 2014
2014.01.14 Something very unusual has been happening to the U.S. electricity sector over the past three years. The U.S. economy keeps growing. People are buying bigger homes and plugging in ever more electronic gadgets. And yet power companies have been selling less and less electricity since 2011: That may not look like a particularly steep drop, but