If Egypt follows a low birth-rate scenario, its population will reach 100 million by 2036, then hitting 105 million by 2050 and settling at that level. If, however, fertility rates are high, Egypt will break 100 million by 2025, and reach 140 million by the year 2050— a scenario that can only be described as “national suicide.”

A proposed crude oil pipeline from central Uganda to the coast of Kenya could be a vital step toward unlocking East Africa’s petroleum potential, Wood Mackenzie said Wednesday. Wood Mackenzie estimates it will cost at least $4 billion to build an 869-mile long pipeline from central Uganda—a land-locked country—to the Kenyan coast.

Brazil will get more than $400 billion in royalties and crude oil over the next 35 years from its share of the massive Libra offshore oil prospect, President Rousseff said Tuesday.

Enbridge‘s proposed Northern Gateway pipeline project cleared a key hurdle Thursday after a Canadian advisory panel recommended it. The pipeline would connect Alberta’s landlocked oil sands to a Pacific coast port in Canada for export primarily to markets in Asia.

The US Congress this week approved the Transboundary Hydrocarbon Agreement between the United States and Mexico, allowing crude oil and natural gas development within the maritime border with Mexico.

Venezuela is considering raising its gasoline prices, which are considered among the cheapest in the world at about 5 cents a gallon. The gasoline subsidy costs Venezuela about $12.5 billion a year.

In India, a Parliamentary standing committee has expressed fear that the country could witness an acute shortage of natural gas in two years, which may not be met even through imports due to lack of sufficient infrastructure to transport and store the product.

Coal showed the largest demand growth of all fossil fuels in 2012, according to the International Energy Agency.

China is expected to reach 10 GW of installed solar energy capacity by end of this year.


with h/t Tom Whipple





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