The financial industry’s indispensable tool – the Bloomberg Terminal – may have developed a chink in its armor, as competing products and services from Thomson Reuters and Markit give it a run for its money. Bankers, traders, fund managers and others got spooked when Bloomberg admitted its reporters had access to terminal usage data they… Keep reading →
Video of a Tesla luxury electric car burning after an apparent battery problem went crazy time all over the internet and major news organizations across the US yesterday. But while a battery malfunction at the darling of the electric car industry would be news worthy, what if it was a hoax designed to profit from… Keep reading →
EPA will solicit public input for its proposed carbon dioxide emissions standards for existing power plants through a series of scheduled listening sessions. On September 30, 2013, the Environmental Protection Agency (EPA) released a schedule of 11 public listening sessions across the U.S. to solicit input for its proposed carbon dioxide (CO2) emissions standards for… Keep reading →
Europe will require considerable volumes of Russian natural gas for the foreseeable future, but EU members are increasingly unhappy with paying oil-linked prices for the fuel. In the latest attempt at loosening the old Soviet energy yolk from Central and Eastern Europe, EU regulators yesterday filed an antitrust suit against Gazprom that could total $15… Keep reading →
Though it’s not easy to quantify exactly how much the recent US oil & gas production boom contributes to GDP growth, the CME Group’s Chief Economist Blu Putnam gives it a go. Read an exclusive Breaking Energy interview with Blu Putnam here. Since 2005 US oil production increased 29% and natural gas output rose 33%,… Keep reading →
Billionaire hedge fund manager Tom Steyer and his political action committee have taken to the airwaves attempting to urge president Obama to reject the Keystone XL pipeline. The situation was detailed in a recent New Yorker article and you can read Breaking Energy’s view of the issue here. And here is US Senator Jon Tester’s… Keep reading →
Reported by Julia Chatterley, written by Catherine Boyle The long-term prospects for the gas market are looking good, in spite of the current price pressures, the chief executive of Gazprom Export told CNBC. The natural gas industry has expanded rapidly in the last few years with the U.S. becoming a net exporter of the commodity… Keep reading →
All oil and gas fields face natural decline rates as reservoir pressure decreases and continually declining production must be addressed by drilling more wells and injecting substances like natural gas, carbon dioxide or steam into the formation to maintain pressure and coax the remaining hydrocarbons toward production wells. This process is known in the industry… Keep reading →
Like something out of a Bacigalupi novel, a crop disease that attacks corn – known as Goss’s wilt – is blighting crops across the US. While bioengineered seeds are believed to be the main culprit, crop rotation helps limit the disease’s ability to spread, but demand for corn used in ethanol production disincentivizes such rotation.… Keep reading →
Fracking Hysteria (Op-Ed)
By Michael LynchOpposition to hydraulic fracturing of shales has become ‘hip’, embraced by students, long-time activists and the usual Hollywood suspects. Unfortunately, this generates a lot more noise than signal, as claims ranging from false to outrageous get the most attention. Politicians regularly respond to hysteria, but frequently with gestures and profound announcements of concern, and only… Keep reading →