Golden Age for Gas to Benefit Canada

Source: National Post, Peter Foster (6/8/11)

"Latest report represents a major revision in the IEA's energy outlook."

National Post, Peter Foster

The International Energy Agency released a report on Monday outlining a "Golden Age" for natural gas. The fact that this represents a major revision within just months of the IEA's 2010 Energy Outlook demonstrates how quickly new technologies—and accidents—can upend the best laid bureaucratic projections.

Part of natural gas' brighter future is attached to the darker prospects for nuclear energy in the wake of the Fukushima accident in Japan. Even without that development, however, this latest report reminds us that the solemn commitments made by the nations of the world at Cancun to keep global temperature increases below 2C are—according to increasingly dubious "official" science—wildly at odds with IEA projections for energy use.

One journalist at the IEA press conference in London on Monday asked the inconvenient question of how the IEA could talk of a golden age for natural gas if that projection came strapped to global temperature increases of 3.5C and climate disaster. The IEA's chief economist, Fatih Birol, didn't give much of an answer.

The IEA report is in fact good news for all but climate catastrophists. It presents a "scenario" in which global natural gas use rises by more than 50% between 2010 and 2035, accounting for a quarter of global energy use. It would overtake coal by 2030 and come close to the contribution of oil by 2035.

Some 40% of the projected increase in gas supplies will come from shale gas and other "unconventional" sources which have recently become abundantly available due to the techniques of hydraulic fracturing—fracking—and horizontal drilling.

Option Partner to Continue Operations at Energy Firm's Texas Oil & Gas Project
Source: Streetwise Reports (01/23/2021)

The efforts will meet Torchlight Energy Resources' development requirements at Hazel.

Target Price Raised on Energy Firm Making 'Transformative Acquisition'
Source: Streetwise Reports (01/06/2021)

The terms and benefits of Earthstone Energy's purchase of an oil and gas company, an "eye-catching act of deal making," are presented in a ROTH Capital Partners report.

Energy Firm to Combine with Materials, Nanocomposites Company
Source: Streetwise Reports (12/16/2020)

Torchlight Energy Resources sees the transaction providing its shareholders "access to the multibillion-dollar markets that Metamaterial serves."

Oil & Gas Producer Reports on Thailand Operations
Source: Streetwise Reports (12/02/2020)

Pan Orient Energy Corp. reports on continuing drill operations in Thailand.

Energy Company Boosts Thailand Oil Production, Offers 'Low Risk Production Growth'
Source: Streetwise Reports (11/19/2020)

The highlights of Pan Orient Energy's third quarter are presented in a Mackie Research Capital Corp. report.

Texas Oil & Gas Firm to Sell Its Stake in Delaware Basin Project
Source: Streetwise Reports (11/18/2020)

For its interest, Torchlight Energy Resources is to receive $350,000.

Oil & Gas Firm Reports Q3 Operational, Financial Results
Source: Streetwise Reports (11/16/2020)

Pan Orient Energy and its joint venture partner continue producing and selling oil from its L53 Concession in Thailand, which are funding ongoing exploration work there.

Texas Oil & Gas Explorer Completes Fracking of Midland Basin Well
Source: Streetwise Reports (11/11/2020)

The next step for Torchlight Energy's well at Hazel is flowback, which is to start next week.

Altus Midstream Shares Flow Higher on Q3 Earnings and Plans for $1.50/Share Dividend in Q1/21
Source: Streetwise Reports (11/05/2020)

Shares of Altus Midstream Co. traded 170% higher after the firm reported Q3/20 financial results and announced plans to pay a quarterly dividend of $1.50 per share beginning in March 2021.