Archive for the ‘coal’ Category

How falling commodity prices have flattered Chinese GDP in 2015

What’s in a number? Quite a lot when it comes to Chinese GDP.

Especially when it’s 7%, which was the real growth rate of the Chinese economy in the first quarter of 2015, compared to the first quarter of last year, according to the Chinese National Bureau of Statistics, who released this much-awaited data point on April 15.

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Coal may burn bright, but which Asian market has the lights left on?

If you are a coal producer focused on the Chinese market, I am sure you will be scratching your head thinking about the future. Ever since China started imposing restrictions on imports, suppliers have gone on a wild hunt for buyers.

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Energy Economist: King Coal faces the end of its reign

The coal industry is in crisis. It has failed to recognize the structural shift in power generation driven by regulation rather than price and has missed the window of opportunity to invest in clean coal technologies. Now it faces a slow King Canute style demise, as elaborated by Ross McCracken, managing editor of Platts Energy Economist.

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Crunch time for EU carbon market reform: time for compromise?

What happens when an irresistible force meets an immovable object? One answer to this paradox is “nothing” since irresistible forces and immovable objects can’t co-exist. At least not in the real world.

But what happens when the irresistible force is the political will of the European Union to reform its carbon market ahead of global climate talks later this year, and the immovable object is a group of EU member states who are resolutely opposed to higher carbon prices?

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Egypt’s Sisi outlines national energy policy at World Future Energy Summit

Egypt has set development and reform of its energy sector as a key priority as it seeks to rebuild its economy following the country’s second revolution in the past few years, the country’s president, Abdel-Fattah el-Sisi, said January 19 during his first official visit to the UAE in that role.

During his keynote address to the World Future Energy Summit in Abu Dhabi, Sisi also said he considered the security of the Persian Gulf region to be “part and parcel of Egyptian security.” The annual Abu Dhabi WFES gathering, while primarily a UAE forum for promoting and discussing regional and international renewable energy development, has also developed a significant political agenda.

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Andrew Carnegie still looms over the steel business

The initiation of the “Carnegie Way transformation journey” by US Steel last year must have given its employees pause. Andrew Carnegie was a notorious cost-cutter who valued efficiency above all else.

But the huge American steelmaker recently opened another avenue of the Carnegie Way, a corporate realignment featuring “customer-centric” strategies.

This might seem like a given, but in the steel industry a variety of factors can strain relations with customers, so sometimes it’s not easy.

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A strong frac sand market faces lower oil and natural gas prices

Not every price in the energy complex is dropping.

According to an index created by Cowen & Co., the producer price index for frac sand rose 1% in October, following a 1% gain in September. At the end of October, it was at its highest level since the end of 2012.

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Oil and the elections, through the eyes of a DC analyst

Kevin Book, Christi Tezak and the other partners at ClearView Energy Partners always have some unique perspectives on the intersection of politics and energy.

So here are a few nuggets from their post-Election Day wrap-up:

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Peace agreement in gas-rich Mozambique sets the stage for elections

After two years of sporadic clashes, Mozambique’s Frelimo government and Renamo, the main opposition party signed a peace agreement in August, improving prospects for the October elections in the gas-rich southern African nation.

The presidential and parliamentary elections on October 15 will mark the end of president Armando Guebuza’s second and final term in office.

The election takes place as Mozambique becomes an attractive investment destination following huge gas discoveries by Italy’s Eni and US’ Anadarko. The discoveries, estimated at 100 trillion cubic feet have the potential to transform Mozambique into one of the world’s leading LNG exporters.

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Keeping the electricity flowing in Europe and the UK…or at least trying

Among the many brilliant and baffling woodcuts by the Dutch artist MC Escher is a depiction of what appears to be a triangle made of three sections of wood, which is in fact an impossible construct owing to the way the joints appear to fit together.

If it existed at all, it would resemble the leg of an insect, which viewed from one position only would appear to enclose a triangle, but in reality it would form a three-part zigzag in space, two of its ends far apart.

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