Jan
28
By Brian Maffly
From: The Salt Lake Tribune
According to Estonian media reports, opposition members of parliament are challenging the competence of Economic Affairs Minister Juhan Parts in light of a recent report that the Eesti Energia’s Utah venture, known as Enefit American Oil, could lose millions.
Jan
15
From: The Hill
By: Zack Colman
An oil boom launched by “fracking” has led energy leaders to take a second look at harnessing the potential of oil shale, a fossil fuel that energy firms largely abandoned the hope of harnessing in the 1980s.
No commercially viable method of producing oil shale exists, but American Petroleum Institute CEO Jack Gerard turned heads earlier this month when he predicted a game-changing technological breakthrough could allow the use of oil shale.
Gerard’s remarks caught many by surprise as doubts abound on oil shale’s future.
Jan
10
From: Estonian Public Broadcasting
Fresh off a trip to Jordan where he mainly discussed Estonian state energy projects with the prime minister of the shale-rich country, Foreign Minister Urmas Paet has emphasized that the activities of Eesti Energia must be profitable.
“Eesti Energia began exploring Jordanian oil shale back in 2006. Today there is a concession agreement in place with the government of Jordan, according to which Eesti Energia will invest in extraction of Jordanian oil shale and production of electricity and oil from it. At the same time, this project must be profitable.”
Jan
02
From: Boston Globe
As chief economist for the Paris-based International Energy Agency, Fatih Birol helps shape energy policies worldwide. He recently guided the publication of the agency’s World Energy Outlook, which predicts the United States will soon become the world’s largest oil producer. While in Cambridge recently to speak at MIT, he sat down with Globe reporter Erin Ailworth.
Why do you believe the US will soon overtake Saudi Arabia as the largest oil producer?
