Dependence on fossil fuels in major advanced economies “is likely to have peaked” according to the Energy Institute (EI), after European use of hydrocarbons fell below 70% of primary energy for the first time since the industrial revolution – driven by demand reduction and renewable energy growth.
Oil and gas production in the UK rose while the proportion of electricity produced by renewables in Scotland have hit an all time high, new figures show.
Figures have revealed an increase in oil and gas production in the UK has increased by more than 14% since last year - the highest quarterly increase since 1999.
The findings, in the latest edition of Energy Trends by the Department of Energy and Climate Change (DECC), shows indigenous UK production of crude and natural gas liquids was boosted in the second quarter of the year.
It's the time of year when finding someone else to do the hard work makes sense. So in that festive spirit, I am delighted to defer to a recent speech made by Ian Taylor, president and chief executive of Vitol, the global trading company.
