Latest news
Germany’s “Energiewende” is not as successful as thought
Currently, Germany is in the process of completely transforming its energy sector at a pace unmatched by other industrialized nations. It describes the country's politically supervised shift in direction from nuclear and fossil fuels to renewable sources of energy. The very term "Energiewende" is some 30 years old, but nowadays, the term is primarily associated with a fundamental policy shift in the country after the 2011 nuclear plant disaster in Fukushima, Japan. In the wake of Fukushima, Berlin oversaw the immediate closure of eight nuclear plants in Germany, with the rest of the stations to be shut down by 2022.
read more... 02/01/2014
Spain: The parliament passes the law that could legalize fracking
Spain is one of Europe’s most energy-poor nations, importing about 99 percent of its oil and gas requirements. According to some estimates, Spain has large reserves of shale gas, and if technically recoverable, these reserves could revitalize the Spanish economy at a time of huge economic insecurity.
read more... 29/11/2013
UK to stop funding coal- fired power plants overseas
Ed Davey, Britain's energy secretary, has announced on Wednesday that the UK, as the US, would stop funding coal projects in developing countries. The objective is to cut greenhouse gas emissions and to encourage low-carbon development. The announcement was made at United Nations climate talks in Warsaw where the fossil fuels have been at the centre of a storm. About 90% of the Poland's electricity comes from coal, and the government has been resistant to EU calls to strengthen emissions reduction targets.
read more... 21/11/2013
Daily: Brent and WTI prices up for third session on supply concerns
Brent and WTI crude oil prices rose for a third consecutive session on Tuesday following worries about supplies from OPEC nations Libya and Iraq.
read more... 14/08/2013
Nuclear Power in France
France has decided to launch a great nuclear program in 1973, when the quadrupling of the price of oil by OPEC nations was a shock for France because at that time, most of its electricity came from oil burning plants, this was the Middle East event that they refer to as the "oil shock."
read more... 04/07/2013