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Cal on March 23rd, 2015

Oil analysts seem pretty confident that a move towards higher crude oil prices will take place sometime in the second half of this year but they disagree as to whether this rebound will reach $100 a barrel or will stop short of that level, ie. below the price necessary to support the high cost of […]

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Cal on March 3rd, 2015

Coal consumption in China fell by 2.9% in 2014 to 3.9 billion metric tons. This was the first decline in coal consumption in that country in the past 14 years. The move came as crude oil and natural gas replace coal in a slowing economy. The issue of US crude oil storage capacity is receiving […]

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Cal on February 18th, 2015

The United States, Canada, China, and Argentina are currently the only four countries in the world that are producing commercial volumes of either natural gas from shale formations (shale gas) or crude oil from tight formations (tight oil). The United States is by far the dominant producer of both shale gas and tight oil. Canada […]

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Cal on February 10th, 2015

The Australian state of South Australia announced it will appoint a royal commission to determine if it should be the first state in the country to generate electricity from nuclear power.  Despite harbouring 25% of the world’s uranium, there have never been any nuclear reactors in Australia. Global crude oil prices jumped from the mid-$40 […]

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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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