This week’s Blowout focuses on the distressed UK North Sea oil & gas industry followed by speculators foresee $100 oil, Norway’s oil & gas fields lose $50 billion in value, oil industry to cut $1 trillion in spending, squabbles over US Arctic oil leasing, another blow to Japan’s nuclear renaissance, the first US reactor startup in 20 years, bleak outlook for Australia’s brown coal plants, India cancels 16GW of coal, Brexit’s impact on energy investment, smart meters not needed for an EU grid after all, solar potential in Ireland, the National Grid should be broken up, a new submarine cable to France and Obama’s energy storage initiative. Continue reading
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