Energy

Outcry as Canada Considers Nuclear Waste Facility on US Border

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By Charles Kennedy, OilPrice.com: Canadian plans for a large nuclear-waste facility on the Canadian side of Lake Huron, directly opposite the thumb of the State of Michigan, are triggering a cross-border public outcry and a looming diplomatic backlash.

German Industry Dreads Getting Slammed By The Costs Of Green Energy

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By Scott Belinksi, Oilprice.com: In Germany, where renewable energy has been aggressively pushed, companies may soon lose an exemption from expensive renewable energy surcharges. Business leaders worry this will “destroy Germany’s industrial core.”

What You Need to Know about the Latest Oil Trading Scandal

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Dan Dicker, Oil & Energy Insider: Manipulations and fraud in the capital and commodity markets: Now four traders from my old home, the NYMEX, are suing BP, Shell, Statoil, and Vitol Group for collusion and manipulating Brent oil trades to fix reported prices.

Japan’s Most Hated Outfit, TEPCO, Reports Fat Profit (From Taxpayer Bailout Money)

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TEPCO, the bailed-out owner of the Fukushima nuclear plant, famous for its lackadaisical handling of the fiasco and its parsimonious delivery of information, reported earnings today. It was a doozie! And a glimpse into what’s in store for Japanese taxpayers.

Is the Giant Siberian Oilfield to be Developed by Russia and China Radioactive?

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By Joao Peixe of Oilprice.com: The deal between Rosneft and China National Petroleum Corp to jointly develop a giant oilfield in Siberia may be tainted. I’m not talking about corruption or illegal activities, but rather the potential that the oil and gas in the field may be contaminated with radioactive materials from nuclear explosions.

China’s Back-Door Natural Gas Supply

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By Dave Forest, OilPrice.com: One of the most critical changes in global energy flows we’ve seen for years happened this week.

Ukraine & Turkey: The European Energy Coup

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By Analysts of Oil & Energy Insider: The Ukraine controls the transit of 90% of Russia’s natural gas to Europe and dependents on Russia for 60% of its own gas consumption. Russia is using its gas stranglehold on the Ukraine to gain control of its transit system. The EU is involved too. An epic struggle. But now, a deal with Turkey might usurp it.

Another Canadian Oil Train Derailment Punctuates The Crude Transportation Debate

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By Rory Johnston, of OilPrice.com: Early Saturday morning, a 134-car freight train carrying crude oil and liquefied petroleum gas derailed and exploded outside of Gainford, Alberta. The third such CN derailment in the past month. And three months ago, the tragic Lac-Mégantic disaster claimed 47 lives and incinerated the center of the town.

The Multi-Billion Dollar Reason Argentina Can’t Be Venezuela, Yet

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By Bianca Fernet, Argentina, The Bubble: I bring up Venezuela because I am frequently asked what I think is going to happen in Argentina. Venezuela provides a very sobering cautionary tale, because their economic policies look like Argentina’s on steroids.