Africa

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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Cal on September 7th, 2016

World population will reach 9.9 billion in 2050, increasing by 33% from an estimated 7.4 billion now, the latest report from the Population Reference Bureau has predicted. Very low birth rates in Europe will mean population declines there while Africa’s population is expected to double. European aviation manufacturer Airbus is reportedly working on a flying driverless taxi that you […]

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Cal on September 3rd, 2016

Singapore is the first country on the globe to implement self-driving taxis on the road for public use.  nuTonomy – the company behind the cars and the app that hails them – has implanted six cars that can autonomously pick up passengers and deliver them to destinations. The cars – Mitsubishi i-Mievs and Renault Zoes – traverse a […]

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Cal on September 1st, 2016

According to Sanford C. Bernstein & Co., global energy demand will peak in the 2050s and then begin to weaken as energy consumption per unit of gross domestic product declines. Demand growth is already decreasing as a result of slower population growth and sluggish economic expansion, as well as a shift from industrial-led growth to services-led growth.  […]

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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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