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Cal on February 17th, 2018

In its latest Energy Outlook to 2040, ExxonMobile projects global transportation-related energy demand will increase by close to 30% by 2040. At the same time, total miles traveled per year by cars, sport utility vehicles and light trucks will increase about 60%. Exxon predicts a rise in electric vehicles as well as efficiency improvements in conventional […]

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Cal on February 10th, 2018

The head of the International Monetary Fund urged Arab countries to discontinue subsidizing energy because such subsidies come at the expense of much needed investment in health, education and other public services. Arab countries accounted for more than a quarter of global energy subsidies in 2015, estimated at $117 billion out of $436 billion world-wide, according […]

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Cal on February 9th, 2018

CNBC tells about the race between China, Russia and the US to control the Arctic, including its oil and gas resources. Meanwhile, The Diplomat writes about the geopolitics behind Asia’s energy future. See also How soaring U.S. oil exports to China are transforming the global oil game. The US Energy Information Administration says that country is on […]

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Cal on January 25th, 2018

This post focuses on some of the latest natural gas developments in the transportation sector.   DNV GL in its Maritime Forecast to 2050 predicts that by 2050 only 47% of energy for shipping will be from oil-based fuels (eg. diesel). The share of natural gas in the fuel mix will rise to 32%. The report states: […]

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Cal on January 20th, 2018

Navigant Research projects the total annual revenue for the energy storage and renewable integration sector will exceed $23 billion by 2026. Utility-scale and behind-the-meter applications are likely to experience the strongest growth. Energy storage systems are increasingly viewed as a way to mitigate the electric grid challenges caused by large additions of renewable energy sources. The Asia Pacific region […]

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Cal on January 11th, 2018

Amid the strife, turmoil and corruption in Venezuela, its oil production has sunk to a 28 years low, to levels not seen since 1989. This in a world of increasing oil demand. Torbjorn Kjus, oil market analyst with Norway’s DNB Bank, said: “The Venezuelan economy could collapse at any moment. We could envisage scenarios spanning from outright […]

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Cal on December 31st, 2017

China announced it will extend its tax rebate on the purchase of “New Energy Vehicles” until December 2020.  The rebate applies to the purchase of electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles. Sales of New Energy Vehicles in China are expected to hit 700,000 units in 2018. The head of Toyota Motor Company’s research and development […]

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Cal on December 21st, 2017

The World Bank will no longer finance upstream oil and gas projects after 2019. The move all but eliminates the World Bank’s support for fossil fuels. The bank has not supported coal projects since 2010. France announced it will ban all crude oil and natural gas development as of 2040.  The ban will apply to the […]

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