Coal prices triple as supply crisis deepens
Coal prices are predicted to hit $300 per tonne this week, a threefold rise that eclipses even the most bullish forecasts made just a few days ago. (more…)...
Coal prices could double again
All of a sudden coal, so long the Cinderella of fossil fuels, is not just in demand but in desperately short supply. (more…)...
Triple digit oil price regardless of peak
The real value of oil is “way, way, way above $80” according to a leading analyst. (more…)...
Supergrid could provide 30% of Europe’s electricity
A high voltage electricity grid connecting countries from the North Sea to the Bay of Biscay could provide almost a third of Europe's power by 2030, according to the company behind the idea. (more…)...
IEA to blame for $100 oil spike – Groppe
When the oil price soared to over $99 per barrel earlier this year, the cause was not surging demand, nor speculation, nor even impending peak oil, but a forecasting error by the International Energy Agency. (more…)...
“Supply crunch” is not peak oil – IEA
There is no contradiction between the International Energy Agency's forecast of long term oil supply growth to 2030 and a "supply crunch" by 2015, according to its chief economist Fatih Birol. Mr Birol insisted today that the short term crisis would not be caused by a fundamental shortage of oil but by entirely man-made factors. (more…)...
Total boss on why oil production will never top 100 mb/d
Christophe de Margerie has a reputation for forthright views and blunt speaking, but this week the chief executive of Total excelled himself by dismissing the IEA’s oil production forecasts as unrealistic, while coining an aphorism worthy of Donald Rumsfeld. (more…)...