Australia

Cal on February 4th, 2017

A new study from McKinsey & Company finds electric car battery costs fell from US$1,000 per kilowatt-hour in 2010 to US$227 per kWh last year – or by almost 80%. (This refers to battery pack cost and not just the battery cells. The costs of both are often confused.) Current projections put EV battery pack prices below $190/kWh […]

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Cal on January 23rd, 2017

NRG Energy and JX Nippon Oil & Gas Exploration Corp. said they had begun operations at a US$1 billion carbon capture facility at a Texas coal-fired power plant and were using the emissions to extract crude from a nearby oilfield. The facility, the largest of its kind in the world, is the latest in efforts […]

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Cal on January 14th, 2017

In 2015 humans used about 575 quadrillion Btu (British thermal units) of energy, according to the US Energy Information Administration. (575 followed by 15 zeros; a Btu is roughly the energy released in a single match.) With a global population of 7.3 billion, that worked out to 78 million Btu per person that year. Nearly 40% of all […]

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Cal on December 30th, 2016

A couple of months after suffering severe electric power blackouts from storms disrupting the state’s renewable energy sources, South Australia was once again in the dark this week after another storm caused blackouts. A total of 155,000 households, almost 20% of South Australia Power customers, endured a prolonged blackout with some without power for 3 days. SA Power […]

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Cal on December 6th, 2016

Here is oil observer Tom Whipple’s take on the OPEC agreement this past week to cut back crude oil production in an effort to raise world oil prices: The total cut by OPEC members is supposed to be 1.2 million barrels per day (b/d) to which a non-OPEC cut of 600,000 b/d, including Russia’s 300,000 b/d, […]

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Cal on November 21st, 2016

Due to a global movement to reduce coal production, the International Energy Agency now sees demand rising by 214 million tons in the next 25 years as contrasted with the 485 million it forecasted last year. Britain’s last coal power station will be forced to close in 2025, the government said as it laid out its plan […]

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Cal on November 4th, 2016

Royal Dutch Shell Plc thinks demand for crude oil could peak in as little as five years. “We’ve long been of the opinion that demand will peak before supply,” Chief Financial Officer Simon Henry said this week. “And that peak may be somewhere between five and 15 years hence, and it will be driven by efficiency […]

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Cal on October 13th, 2016

Recently we wrote about the dangers that investing heavily into intermittent renewable energy poses when the reality of nature enters the picture and a region’s or nation’s electricity grid cannot cope. The Australian state of South Australia faced such a disaster three weeks ago when a rare storm knocked out all of the power in the state and […]

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