Africa

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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Cal on May 17th, 2016

The US Energy Information Administration recently released its International Energy Outlook 2016. This projects that world energy consumption will grow 48% by 2040. Compared to the reference year (2012), liquid fuels use will grow 35%, natural gas will grow 75% to surpass coal, coal will grow 18%, and renewable sources will more than double and […]

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Cal on May 10th, 2016

SingularityHub tells us in the next 20 years, between 50% to 100% of the world’s energy production could come from solar. The site observes: “We are on the cusp of a solar revolution where the cost of solar cells will plummet, efficiency will rise dramatically, and the incentives for widespread adoption will become compelling.”  This […]

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