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Cal on April 27th, 2017

Voice of America looks at the future of flying: Electric Planes and Flying Cars. See also CITYLABS, When Cars Fly while The Drive tells us about a hydrogen powered flying car. IDTechEx Research predicts electric vehicles for construction, agriculture and mining will be a $81 billion market in 2027. Transparency Market Research projects the global electric vehicle […]

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Cal on April 25th, 2017

Demographers have forecast that India may have the largest population in the world as early as 2022, surpassing China. The US Geological Survey reported that two formations in the Gulf Coast Basin might contain as much as 304.4 trillion cubic feet of natural gas plus 1.9 billion barrels of natural gas liquids, making the area the largest […]

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Cal on April 14th, 2017

The African nation of Kenya has awarded a contract for the construction of a geothermal power plant (Olkaria V) which will have 140 megawatt (MW) capacity. With the completion of Olkaria V, Kenya will have 290 MW of geothermal capacity or approximately 10% of the nation’s total electric generation capacity. Scientists from around the world will […]

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Cal on April 11th, 2017

Fitch Ratings Agency is forecasting that global crude oil prices will average $52.50 this year, up from $45.10 in 2016. This figure is still believed to be below the breakeven point for most Middle Eastern oil exporters. Only Kuwait, which is said to have a breakeven point of $45 a barrel is well below the […]

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Cal on April 8th, 2017

On a global level, 2015 and 2016 marked the lowest level of new conventional crude oil discoveries since 1952. In 2016, only 3.7 billion barrels of conventional oil were discovered, roughly 45 days of global crude consumption or 0.2% of global proved reserves. Globally, exploratory drilling fell by almost 20% in 2015 and fell even […]

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Cal on April 6th, 2017

  The UK’s Transport Research Laboratory has commenced a driverless electric pod trial. (see photo above.) Over the next three weeks, roughly 100 people will ride the pod around a two-mile course in London’s North Greenwich to demonstrate how the technology could be used for “last mile” trips in urban areas. The shuttle is already in operation at London’s Heathrow […]

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Cal on April 5th, 2017

The International Energy Agency (IEA) said it does not expect a major increase in global crude oil prices despite the recent 1.8-million-barrel supply cut by OPEC and its allies. The IEA bases its judgment on the extraordinary size of the global oil glut, and the likelihood that any substantial price increase would bring more oil from the […]

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Cal on April 1st, 2017

A new report from Wood Mackenzie finds the break-even cost for deep water oil and gas projects, the US Gulf of Mexico in particular, has dropped from around $70 per barrel to below $50 per barrel. The report estimates the average cost to develop deep water projects globally have dropped more than 20%. The cost reductions are being driving […]

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