An Urgent Request from Keep Cumbrian Coal in the Hole. – Please Send Objections into Cumbria County Council to Make Sure we STOP the First Deep Coal Mine in the UK for 30 years. Below is an objection from Keep Cumbrian Coal in the Hole.
Keep Cumbrian Coal in the Hole 13th Feb 2018 read more »
Surging output of US shale oil has once again shattered the assumptions of Opec and the global energy establishment, pushing the crude market back into surplus and smothering the nascent boom. The International Energy Agency said the world is witnessing the second great wave of US shale growth, with production soaring by 1.3 million barrels per day (b/d) over the last year. Extra US supply threatens to match the entire growth in crude demand from China, India, and the rest of the world in 2018. This is a nightmare come true for the Opec cartel and Russia as they struggle through yet another year with production cuts of 1.8m b/d. It raises the prospect of endless attrition, a shale-driven slump that keeps cutting short the normal petroleum cycle and will soon have gone on longer than the First World War. “The main message is very clear: in 2018, fast rising production in non-Opec countries is likely to grow by more than demand,” said the agency in its monthly Oil Market Report.
Telegraph 13th Feb 2018 read more »