Fossil Fuels

Cal on October 17th, 2017

France’s largest bank, BNP Paribas, announced it would no longer finance companies whose main business is the exploration, production, trading, or marketing of crude oil and natural gas from shale or tar sands projects.  The bank will also no longer finance liquefied natural gas (LNG) terminals that predominantly liquefy and export gas from shale projects, […]

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Cal on October 14th, 2017

A new study by the China University of Petroleum in Beijing says the Asian country is about to experience a peak in its total crude oil production as early as next year.  Without finding an alternative source of “new abundant energy resources”, the study warns, the 2018 peak in China’s combined conventional and unconventional oil will […]

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Cal on October 13th, 2017

More and more commentators are beginning to question whether the seemingly endless production of US shale oil can continue to put a limit on OPEC’s ability to increase the world price of oil.  Since the slump in world oil prices a couple of years ago, the production of shale oil in the US is certainly […]

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Cal on October 10th, 2017

Almost 50 new pure electric-car models will come to market globally between now and 2022. Globally, there will be 136 EVs on the market by the end of that year, and that does not include the hybrid models or hydrogen fuel cells. Analysts at Bernstein Research calculate that a 500-kilometer battery for an electric car costs […]

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Cal on October 8th, 2017

Airbus plans to put its electric flying taxi, the CityAirbus, into operation late next year. This announcement came after a successful full-scale ground test of the vertical take-off and landing vehicle’s propulsion system. The vehicle is entirely battery-powered (with electric 100 kilowatt motors), uses a four propeller design to navigate through crowded cities, and can […]

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Cal on October 5th, 2017

The government of Scotland announced it has received “overwhelming public support” to ban the practice of fracking for shale oil and gas. Fracking has been under a temporary halt in the country since 2015, and public consultation on its long-term future was carried out earlier this year. 99% of the 60,000 responses opposed fracking. The proposed ban […]

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Cal on October 4th, 2017

HIS Markit says the Permian basin in the US state of Texas holds 60 to 70 billion barrels of shale oil. This is said to be worth $3.3 trillion and could supply every US refinery with crude oil for the next 12 years. These figures are at odds with much lower estimates by the US Energy […]

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Cal on October 2nd, 2017

The government of Singapore announced it intends to install solar panels across all new Housing Development Board blocks. The South Asian Republic receives an average annual solar irradiance of 1,580 kilowatts per metre squared per hour, and up to 50% more solar radiation than other temperate countries. Using photovoltaic cells, solar power is likely to be the […]

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