Cal on June 23rd, 2017

 

   Source:  World Energy 2017-2050: Annual Report

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Cal on June 22nd, 2017

“What we have proven in Norway is that if you give enough subsidies and impose enough restrictions on fossil fuel vehicles, people will buy electric vehicles. If we want to continue to be an example for the rest of the world we need to show how this can be achieved commercially. We need to get there because we can’t rely on public finances forever.”

Andreas Halse, the environmental spokesman for the opposition Labour party in Norway

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Cal on June 22nd, 2017

Cal on June 21st, 2017

Cal on June 21st, 2017

The International Energy Agency foresees the global oversupply of crude oil continuing through 2018. The driver is US shale oil production which will grow by 430,000 barrels per day this year and 780,000 next year. Total non-OPEC production including the US is forecast to grow by 1.5 million b/d next year. With global inventories currently 292 million barrels above OPEC’s target, it is difficult to see how the excess oil will be consumed in the next year or so if US shale oil production continues to grow at projected rates.

Libya could be on track to get its crude oil production back up to 1 million barrels per day in the next few months and Nigeria to regain a 2 million b/d production level. If this can be achieved, the two countries together could be producing about 900,000 b/d more than at the time the OPEC production cuts were established last fall. It is easy to see why oil traders are pessimistic about oil prices rising anytime soon.

There have been major efficiencies in the production of shale oil in the US in the past few years such as walking rigs, better drilling equipment, longer lateral well shafts, more intense fracking, better logistics and drilling in only the best locations. Together these efficiencies have lowered production costs from above $60 a barrel a few years ago to the $40s today, allowing for profitable production in the $50 barrel range.

NGVA Europe (the European Natural & bio Gas Vehicle Association) has published a study that shows natural gas reduces greenhouse gas emissions from passenger cars on a Well-to-Wheel (WtW) basis by 23% compared with petrol and by 7% compared with diesel. The study, entitled Greenhouse Gas Intensity of Natural Gas, also shows that for heavy-duty applications, benefits compared to diesel are of 16% for CNG and up to 15% for LNG. Also in the maritime sector, overall WtW benefits are up to 21% compared to conventional HFO (Heavy-Fuel-Oil) fuels. By blending natural gas with just 20% renewable gas, GHG emissions are reduced by 40% compared with oil-derived fuels.

The first shipment of American liquefied natural gas (LNG) arrived in Poland last week, a feat hailed as an energy milestone in both Poland and Europe. Some US energy observers suggest American suppliers could help end Polish dependence on Russia’s state oil company, Gazprom, which provides 59% of Poland’s annual natural gas consumption.

Portugal has created the environment to put in place a national framework for the implementation of alternative fuel networks across the country. linking with its European neighbours. This will include creating guidelines for the sizing of networks of liquefied natural gas (LNG) and compressed natural gas (CNG) supply points, and legislating the technical specifications for the supply of natural gas for road and marine transport.

in China, all manufacturers will be required to generate electric vehicle credits equal to 8% of their total sales in 2018, 10% by 2019, and 12% by 2020. The rule applies to both foreign and domestic car makers.

According to the Norwegian Electric Vehicle Association, 72% of EV buyers in that country are choosing an electric car for economic reasons (eg. government subsidies and tax savings) while just 26% purchase them for environmental ones. Because of its generous policies geared towards EV buyers, Norway has the highest sales of electric cars in the world on a per capita basis.

Bloomberg New Energy Finance estimates solar already challenges the cost of new coal power plants in Germany and the US and by 2021 will do so in markets like China and India.

 

 

h/o to Tom Wipple

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Cal on June 19th, 2017

Cal on June 18th, 2017

Cal on June 17th, 2017

In its annual review of world energy, BP said renewable energy contributed almost 40% of the growth in global power generation in 2016. Solar power generation increased 29.6% last year, while wind power grew by 15.6% percent and coal fell 6.2%.  Coal’s decline in electricity production was the largest one year drop on record. Asia-Pacific overtook Europe and Eurasia as the largest producing region of renewable power. China overtook the US to be the largest single renewables producer. Crude oil remained the world’s leading fuel, accounting for a third of global energy consumption. Global nuclear power generation increased by 1.3% in 2016 with China accounting for all of the net growth.

Denmark leads the world, getting 59% of its electric power from renewable energy sources.  Among the larger European Union economies, renewables share is 26% in Germany, 25% in Spain, and 23% in both Italy and the UK.

BP reported global emissions of CO2 from energy consumption increased by only 0.1% in 2016. During the period 2014-16, average emissions growth has been the lowest over any three-year period since 1981-83.

The US Energy Information Administration reported that in March of this year wind and solar accounted for more than 10% of that country’s electricity generation. In 2016 wind and solar generated 7% of US electricity.

In March, France passed legislation requiring that all new commercial buildings must have their rooftops at least partially covered in either solar panels to generate electricity or plants to conserve water.

Bloomberg New Energy Finance projects renewable energy could attract $7.4 trillion in global investment by 2040. That would represent 75% of the total $10.2 trillion that will be spent on new power generation capacity by that time. Wind and solar alone could account for 48% of installed electricity capacity and 34% of electricity output worldwide in two decades — up from today’s 12% and 5% today. See New Energy Outlook 2017.

MIT Technology Review tells us Swedish company Wheelys is testing a 24-hour mobile store in China run entirely by technology. Located on the campus of Hefei University, about 450 kilometers west of Shanghai, the concept uses apps, smartphone technology and biometrics to make shopping easy in a store without staff. Online retailer Amazon is testing a similar clerk-free shopping concept at its Amazon Go store for its employees in the US city of Seattle. Read more about it here.

 

 

In the US, the California Energy Commission has approved $17 million for nine new hydrogen fueling stations in order to expand the hydrogen fuel cell infrastructure network in California. Five stations will be located in Southern California in Huntington Beach, Irvine, San Diego, Santa Monica and Sherman Oaks. Three will be in the San Francisco Bay Area and other will connect the Southern California and the San Frandisco stations.

 

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