BLOOMBERG VIEW: Uber, OPEC joined Warren Buffett’s naked swim
Berkshire Hathaway’s chairman Warren Buffett, who coined the swimming naked phrase in the first instance, makes this list himself via his investment in Hong Kong-based BYD.
shale gas reserves
Chris Yelland: Eskom Crisis – SA already has a Plan. Let’s use it.
Chris Yelland suggests Ramaphosa begins addressing the Eskom Crisis by dusting off the six year old White Paper. There’s no need to reinvent any wheels.
Alec Hogg: “Permanently lower” oil price threatens Nigerian growth – and SA’s Shale Gale
In his Rational Perspective, Alec Hogg considers the impact of lower oil prices on growth in oil-export dependent Africa and SA’s shale gas ambitions.
Lessons for SA: China’s Fracking Boom may be over before it even began
The nation has cut its output target for the end of the decade to a third of its earlier estimate, as difficult geology, lack of infrastructure and limited exploration rights conspire against its shale gas ambitions.
Germany clamps down on shale fracking
In spite of the popularity of shale gas production in the USA, it remains an environmental ‘no-go’ in many other parts of the world, including South Africa. The latest country to feel the fracking heat is Germany which, according to this Reuters report, faces the prospect of reducing, or replacing, its past reliance on Russian … Read more
US oil exports hit 15 year high in April
By Alec Hogg The game-changing impact of hydraulic fracturing (fracking) of shale oil and gas is becoming increasingly evident in the nation where the innovation was first implemented. The well documented success of fracking in the US is likely to trigger greater focus on South Africa’s shale gas reserves which, despite continuous paper-based downgrades, remain … Read more
UNDICTATED revisited: Alec Hogg’s ten best read columns of 2013
The infant is growing and in rude health. On 4th August 2013, Biznews was born. It has been muscling up every day since, helped by editor Alec Hogg’s Undictated column. Initially commissioned by Business Day newspaper, Undictated has evolved into a self-standing section exclusively for Biznews. Here, in descending order, are the 10 best read … Read more
Jacob Zuma gets into fracking act – enthuses about “game changing” Karoo shale gas deposit
South Africa’s Government today reaffirmed its determination to exploit shale gas reserves in the Karoo Basin. From our conversations, Trade & Industry Minister Rob Davies is well aware of the potential. It’s now clear he’s done a grand job of getting the Cabinet excited – judging by the speech which SA President Jacob Zuma delivered … Read more
Cool heads please as SA contemplates a discovery equal to 310 years of oil consumption
Fracking, like gold, could be a major “game changer” for South Africa. Exploiting shale gas reserves beneath the Karoo Basin could easily create 850 000 jobs and play a significant role in boosting the country’s economic growth. And that is just for starters. The expected gains from hydraulic fracturing are so “mindboggling” that we misjudge … Read more