Oil At $40 No Problem: Hedging As A Shield

03/20/17 •lweb.es/f2705 •bit.ly/2oTZd5d

Oil, USA

American oil explorers are shrugging off the 14% slide in prices this year. The price would have to drop to the $30s or lower to dent the bottom line of many drillers now working U.S. shale fields. That’s because many producers have already locked in future returns with financial contracts that guarantee the price of their oil for most of the rest of the decade. “We’re in a boom again in Texas…” said Michael Webber of the University of Texas’ Energy Institute in Austin. “The cowboy spirit is back. Hedging is playing a big role.”

IEA And IRENA Report: Perspectives For The Energy Transition

03/20/17 •lweb.es/f2704 •bit.ly/2pfa21i

Clean Energy, energy, World

The objective of this joint International Energy Agency and The International Renewable Energy Agency study “Perspectives for the Energy Transition. Investment Needs for a Low-Carbon Energy System”, requested by the German Government, is to analyse the scale and scope of investments in low-carbon technologies in power generation, transport, buildings and industry that are needed to facilitate such a transition in a cost-effective manner, while also working towards other policy goals. The findings of this report will inform G20 work on energy and climate in the context of the 2017 German G20 presidency.