UK Natural Gas Reserves to Quadruple

Jeff Siegel

Written By Jeff Siegel

Posted June 5, 2013

  • Although the EU attempted to ease tensions with China by lowering tariffs on the nearly $30 billion worth of solar panels china exports to Europe, China isn’t impressed, and is now hitting back at the EU by launching an anti-dumping and anti-subsidy probe into sales of European wine. This is especially troubling for the wine industry in France and Italy as China is the third largest export market for European wines. In any event, despite some modest gains yesterday morning in the solar sector, pre-market action today is showing some significant declines with Trina Solar (NYSE:TSL) down more than 7 percent and JA Solar (NASDAQ:JASO) down more than 8 percent.
  • New estimates are now showing that the UK may soon quadruple its natural gas reserves. It’s not news that the UK is desperate to replicate the success of US shale, although that’ll never happen. Still, Prime Minister David Cameron is hungry for shale revenue, and even told reporters this week that rules on energy drilling should be changed to make shale production easier. IGAS Energy PLC (LSE:IGAS) is likely to benefit nicely from government support of shale production.
  • Energy analyst Keith Kohl has recently chimed in on who he believes is the clear winner in the US shale boom, and references Continental Resources (NYSE:CLR). You can read more here.

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