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Cal on November 22nd, 2017

Volkswagen Group said it plans to spend 10 billion euros ($11.8 billion) by 2025 to develop and manufacture all-electric and plug-in hybrid vehicles in China. The company plans to launch 15 models over the next two to three years, and an additional 25 after 2025.  The group (which includes Audi) is aiming to sell 400,000 of these […]

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Cal on November 14th, 2017

China’s largest oil company Sinopec, one of that country’s top banks, and its sovereign wealth fund agreed to develop a $43 billion natural gas project in the US state of Alaska. When will we reach peak oil demand?  Royal Dutch Shell and Norway’s Statoil predict crude oil demand could reach its high as soon as 2025 […]

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Cal on October 30th, 2017

For the electric vehicle revolution to benefit consumers, battery technology must make a lot of progress both in reducing its reliance on small, capricious raw materials markets, such as cobalt, and in serving consumer qualities such as range and charge speed. —- Leonid Bershidsky, Bloomberg View columnist, Electric Car Makers Have an Africa Problem

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Cal on October 29th, 2017

Saudi Arabia’s minister of energy said population growth and rising living standards across most of the developing world would see energy demand continue to soar in the coming decades. “Energy demand is expected to rise by about 45 percent by the year 2050, that is a huge amount of new energy supply that needs to […]

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Cal on October 25th, 2017

The International Energy Agency (IEA) has published a special report on energy access. Around the world, more than a billion people still lack access to electricity. The IEA says this number will shrink by a third by 2030, with 60% of these gains supplied by renewable energy sources. The past two decades have seen spectacular gains in providing […]

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Cal on October 24th, 2017

Global crude oil demand growth will slow to a crawl and gasoline use will peak within the next decade, prompting the world’s biggest energy companies to accelerate the shift to natural gas and chemicals, according to energy consultant Wood Mackenzie. Oil consumption will keep expanding until at least 2035 as the petrochemical industry, which provides the […]

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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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