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Cal on December 3rd, 2016

Scientists from the UK’s University of Bristol have developed a lab-made nuclear diamond that can generate electricity and is made from radioactive waste. The diamond battery has an incredible lifetime, and will only be half used up by the year 7746.  As most people know, a severe downside of the nuclear fission process is the creation of dangerous radioactive waste, which […]

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Cal on November 30th, 2016

Today’s critical meeting of OPEC members is being touted as the “Most Important OPEC Meeting Ever” as many are saying that the crude oil cartel’s role in controlling oil prices will be lost if there is no agreement to cut production and dramatically increase the world price of oil. And any meaningful agreement would have […]

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Cal on November 21st, 2016

Due to a global movement to reduce coal production, the International Energy Agency now sees demand rising by 214 million tons in the next 25 years as contrasted with the 485 million it forecasted last year. Britain’s last coal power station will be forced to close in 2025, the government said as it laid out its plan […]

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Cal on November 15th, 2016

The International Energy Agency raised its forecast for non-OPEC crude oil production increases next year to 500,000 barrels per day with the increase coming from Russia, Brazil, and Kazakhstan. An indication of a growing glut of crude oil was a report that European oil companies have been forced to book oil tankers to store their growing […]

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Cal on November 8th, 2016

Ten of the world’s largest oil companies plan to invest an average of $100 million annually over the next 10 years in low-carbon technologies, the companies announced last week. The Oil and Gas Climate Initiative, which includes state-owned Saudi Arabian Oil Co., Royal Dutch Shell PLC and BP PLC, said its investments will initially focus on carbon […]

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Cal on October 13th, 2016

Turkey and Russia signed an agreement to construct the TurkStream undersea natural gas pipeline, which will allow Russia to strengthen its position in the European natural gas market and cut energy supplies via Ukraine, the main route for Russian energy into Europe. The pipeline will be built under the Black Sea and would begin operations by 2020. West […]

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Cal on October 8th, 2016

Investment banker Goldman Sachs is not so sure that oil will be going much above $55 a barrel anytime soon. Goldman’s says that the oil markets will be oversupplied next year due to the return of disrupted output in Libya and Nigeria; some increase in US shale oil production; and the beginning of production from several […]

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Cal on September 10th, 2016

The US Energy Information Administration estimates that global crude oil demand will grow from 94.8 million barrels a day this year to 105.3 million barrels in 2026. With world oil prices now hovering around $50 a barrel and little exploration going on, there is concern in some quarters that this demand will not be met.  Only 2.7 […]

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