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Cal on January 26th, 2015

As the world price of crude oil continues to bound around in the $45 to $48 per barrel range, it was a big topic of discussion at the annual Davos economic summit in Switzerland last week.  The Executive Director of the International Energy Agency sees no quick recovery for the global economy or for oil […]

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Cal on January 12th, 2015

World crude oil prices remain under $50 a barrel with no changes in sight. OPEC continues to maintain that it will not meet again on production quotas until next June. OPEC output rose by 20,000 b/d in December. The Saudi Arabia maintained an average production of 9.6 million barrels per day during the month. Traders […]

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Cal on December 30th, 2014

Residents in the Danish city of Copenhagen pay by far the highest electricity bills in Europe. New monthly figures show people in the  city pay as much as €-.3028 per kilowatt hour (kWh), or £23.71. By comparison, Belgrade residents pay the least for electricity at €0.092, which is £4.71 per kWh. European electricity bills can vary as much as 149% […]

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Cal on December 22nd, 2014

Goldman Sachs Group Inc. reported drilling costs in the US for crude oil are falling nearly as fast as the world price, which means oil producers can spend less to get the same or potentially even more in terms of production. The bank, however, warned that about $1 trillion of spending on future crude and shale […]

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Cal on December 1st, 2014

The current official cost for ITER (the International Thermonuclear Experimental Reactor) is at least €13 billion (US$16 billion), compared with an initial estimate of €5 billion, However, many in the nuclear community believe this latest figure is likely to be an underestimate. A collaboration between the European Union, China, India, Japan, South Korea, Russia and […]

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Cal on November 19th, 2014

The International Energy Agency in its latest World Energy Outlook says the slowdown in the growth of demand for energy to 1.1% per year is attributed primarily to countries becoming more efficient in using energy. (Video of IEA presentation here.)  The IEA says the transport sector is in the leader for energy efficiency improvements. More […]

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Cal on November 12th, 2014

  Common Dreams worried World War III is here and energy is largely behind it.  Many of the current conflicts around the globe have energy as a focal point. It can be no accident that the raging fights in Syria, Iraq, Libya, and the Ukraine all coincide with areas rich in energy resources or for […]

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Cal on November 11th, 2014

Russia and China signed a second major natural  gas supply deal just a few months after a similar $400 billion deal was signed. The new agreement envisions 30 billion cubic meters of Russian natural gas going to China through a new pipeline from western Siberia, whereas the previous agreement had gas coming from eastern Siberia. […]

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