November 14, 2012

UK Gas Market Rigging: The Lying Game

Editorial, The Guardian


What happens in the energy markets matters far more to most people than what happens in that other industry under fire, banking. No one ever died from the lack of a current account, but 2,700 Britons die every year through not being able to afford to heat their homes – and around 7.8m people can't afford their fuel bills. So the reports we have published this week, of allegations from insiders that market prices for gas have been repeatedly manipulated, are extremely serious. Ed Davey, the secretary of state for energy, was right to respond immediately with a parliamentary statement of extreme concern; the prime minister's threat of punishment for any market-riggers was also appropriate and deft. And the gas regulator Ofgem and the Financial Services Authority have shown commendable...

Read Full Article ››

TAGGED: Big Six, Seth Freeman, Natural Gas, Price Rigging, United Kingdom


October 14, 2013
UK's Energy Crunch Crippling Data Industry
Graeme Burton, Computing
When Labour leader Ed Miliband promised to wave the magic Prime Ministerial wand and freeze residential power prices for two years, should he win the 2015 general election, it put the spotlight back on Britain’s looming energy... more ››
October 25, 2013
UK Hates Utilities, But It's the Politicians . . .
Stephen Glover, Daily Mail
Privatisation was one of the great achievements of Margaret Thatcher’s administration during the Eighties. State behemoths which had primarily existed to serve their own employees were broken up and exposed to at least a... more ››
Before the end of the decade, low-priced American liquefied natural gas is expected to surge onto the global market and, potentially, cause a dramatic shift in worldwide gas market fundamentals. more ››
October 24, 2013
Drop in U.S. Emissions? Thank Climate Change!
Cato Institute
Carbon dioxide emissions in the United States from the production and consumption of energy have been on the decline since about 2005, after generally being on the rise ever since our country was first founded. The decline in... more ››
October 18, 2013
Oil Companies Are Sued for Waste of Natural Gas
Clifford Krauss, NYT
In the sharpest challenge yet to the surge in flaring of natural gas in the Bakken shale oil field, North Dakota mineral owners this week filed 10 class-action lawsuits seeking millions of dollars in lost royalties from some... more ››