Rising energy bills has beaten out unemployment, inflation and taxes as the biggest concern for UK consumers according to recent findings from YouGov’s Household Economic Activity Tracker.

Data from the U.S. Department of Energy’s Energy Information Administration show the US is likely to produce about 85% of the energy it consumes this year. The last time the country produced that much of its energy was 1987. A decrease in coal production is far more than offset by a combined increase in oil and natural gas production.

Crude oil production in Russia will hit a record high of about 517 million tons in 2012, about 1.2% up from last year.

Australian oil and gas company Santos Ltd. has launched the country’s first commercial shale gas well in the Cooper Basin in South Australia.

A British energy official said the UK government was leaning towards the development of shale gas. British Energy Secretary Davey told The Daily Telegraph the government is expected to allow companies to resume shale gas extraction when it unveils plans for more gas-fired power plants in November.

This month Denmark met its goal of 200 megawatts of solar capacity by 2020 – i.e 8 years earlier than planned.

Egypt increasingly views Ethiopia’s plan to build a massive 6,000-megawatt hydroelectric dam on the Nile River as a threat to its national security because it will seriously cut the Arab state’s water supplies. Egypt depends on the Nile for virtually all of its water and is mounting a major diplomatic and economic campaign to stop the plan.

Japan’s Mitsubishi will acquire a 20% stake in Star Energy Geothermal, a holding company that manages Indonesia’s largest geothermal power station on Java. The deal represents Mitsubishi’s first operation of a geothermal power plant.

India has one of the lowest per capita energy consumption levels globally, at only 20% of the world average, according to the World Bank.

 

with h/t Tom Whipple

 

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