Africa

Cal on August 18th, 2016

The world’s population is expected to reach 8.5 billion by 2030 and 9.6 billion by 2050. Most of the growth is supposed to slated to come from nine countries: India, Pakistan, the Democratic Republic of the Congo, Ethiopia, Tanzania, Nigeria, the US, and Indonesia. Population growth is being driven by longer lifespans. Population growth in developed countries has slowed […]

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Cal on August 3rd, 2016

Argentina’s recoverable shale oil reserves are estimated at 27 billion barrels and hold the third largest shale gas and fourth largest shale oil reserves in the world. The Vaca Muerta Shale spans across four provinces and is almost double the size of the Eagle Ford shale area in the US state of Texas. Current production from […]

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Cal on June 30th, 2016

It is too early to assess the implications of the UK’s referendum last week to leave the European Union (Brexit).  In the short term crude oil prices will likely fall a bit as the US dollar strengthens against the pound and Britain sinks into a period of political chaos. Over the longer term, there are […]

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Cal on June 25th, 2016

The World Bank estimates the African country of Uganda will start pumping crude oil within two years which could help the country transform its economy and society dramatically if revenues are managed appropriately. Uganda is a low-income nation with nearly 20% percent of the population living at or near the poverty level. Until now, the […]

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Cal on June 23rd, 2016

The International Energy Agency estimates electric vehicles account for 0.1% of the global automobile market. The Agency expects 1.26 million electric vehicles to be on the world’s roads by the end of the year. Volkswagen (VW) said it will invest billions of euros in electric cars, ride-hailing and automated driving to become a world leader […]

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Cal on June 18th, 2016

Thompson Reuters predicts that solar PV, hydro power, and nuclear fusion will be the three dominant sources of energy over the next three decades, in its report Powering the Planet 2045. The report projects fossil-fuel-based energy sources will be all but gone by the end of this century. Clean coal and natural gas will remain […]

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Cal on June 9th, 2016

  The Israeli government approved Noble’s proposed development plan for the giant offshore Leviathan natural gas field in the Mediterranean. The Panama Canal’s new set of expanded locks are working at full capacity and ready to receive their first large oil tankers this week. US banks saw their earnings drop 2% in the first quarter of this […]

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Cal on June 3rd, 2016

About 147 gigawatts (GW) of renewable energy capacity was added globally in 2015, roughly equivalent to Africa’s electricity generating capacity from all energy sources. Most of this capacity was for solar and wind. For the first time, emerging economies spent more than the developed economies on renewable electric power and fuels. China, the US, Japan, […]

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