Fossil Fuels

Cal on February 19th, 2018

Projected Global Transportation Demand to 2040 By Transportation Type       Source: ExxonMobile Outlook for Energy: A View to 2040   Note: “Heavy Duty” refers to commercial vehicles like large trucks and buses; “Light Duty” refers to passenger vehicles such as cars, SUVs and light trucks. With the advent of electric vehicles and more efficient […]

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Cal on February 17th, 2018

In its latest Energy Outlook to 2040, ExxonMobile projects global transportation-related energy demand will increase by close to 30% by 2040. At the same time, total miles traveled per year by cars, sport utility vehicles and light trucks will increase about 60%. Exxon predicts a rise in electric vehicles as well as efficiency improvements in conventional […]

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Cal on February 14th, 2018

Russia is sending its highest quality crude oil to China in its battle for market share on the prized Asian market. As a result, European petroleum refiners are being left with lower-quality imports from Russia and are now reviewing how much Russian crude they would buy and at what price. The quality of Russia’s Urals […]

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Cal on February 12th, 2018

As reported here over the past two years, the state of South Australia has been plagued by unreliability in its electricity system leading to state wide blackouts that have caused businesses millions of dollars in lost production and sales. To address this failing, the state has turned to storage batteries to help prevent the power […]

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Cal on February 10th, 2018

The head of the International Monetary Fund urged Arab countries to discontinue subsidizing energy because such subsidies come at the expense of much needed investment in health, education and other public services. Arab countries accounted for more than a quarter of global energy subsidies in 2015, estimated at $117 billion out of $436 billion world-wide, according […]

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Cal on February 9th, 2018

CNBC tells about the race between China, Russia and the US to control the Arctic, including its oil and gas resources. Meanwhile, The Diplomat writes about the geopolitics behind Asia’s energy future. See also How soaring U.S. oil exports to China are transforming the global oil game. The US Energy Information Administration says that country is on […]

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Cal on February 6th, 2018

According to US Energy Information Administration estimates, US crude oil  production broke through 10 million barrels per day last week and is on its way toward setting an all-time US production record. Investment banker Goldman Sachs sees crude oil prices reaching $80 a barrel in the next six months while others are talking about prices […]

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Cal on February 6th, 2018

We see natural gas taking over from coal in the early 2030s… We think there is a very good case for natural gas actually overtaking crude oil post-2040 or just before 2040.    Dominic Energy, BP’s Vice-President for strategic planning 

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