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Cal on June 26th, 2017

Synthetic Genomics and ExxonMobil announced the development of a modified algae strain that could push algae-based energy closer to being a commercially viable alternative energy source. Bloomberg New Energy Finance projects that over the next two decades, the cost of solar power will still drop another two-thirds, onshore wind costs will be cut nearly in […]

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Cal on June 13th, 2017

Last year, for the 5th straight year, the US was the world’s largest producer of petroleum and natural gas hydrocarbons. US hydrocarbon production in energy content terms is almost evenly split between petroleum and natural gas. US crude oil production will, for the first time in nearly 50 years, climb to 10 million barrels per day […]

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Cal on June 6th, 2017

The International Energy Agency (IEA) reported that global new nuclear capacity additions totaled 10 gigawatts last year, the highest rate since 1990. The IEA also said that from 2010 to 2015, renewable power generation grew by more than 30% and is forecast to grow by another 30% between 2015 and 2020. A new study from […]

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Cal on June 3rd, 2017

Oilprice makes the case that China, not OPEC, now sets the level of world oil prices. OPEC is working hard to try to keep world crude oil prices high as their members need the oil revenues to finance the increasing demands on government expenditures. But China is the largest crude oil importer in the world and […]

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Cal on May 30th, 2017

A consortium of 11 Japanese firms (including Honda, Nissan, and Toyota) have signed a memorandum of understanding to expand the hydrogen fuel-cell market in Japan faster than has been the case so far. Other firms involved include JXTG Nippon Oil & Energy, Tokyo Gas, Development Bank of Japan, Idemitsu Kosan, Toho Gas, Air Liquide Japan, Toyota Tsusho Corporation, and Iwatani […]

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Cal on May 21st, 2017

China and Japan have started harvesting methane ice from the seafloor.  Commercial development of the globe’s huge reserves of methane hydrates or “combustible ice” has moved closer to reality after these Asian companies have successfully extracted the material from the seafloor off their coastlines. Methane hydrate is a frozen mixture of water and concentrated natural gas that can be […]

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Cal on May 9th, 2017

San Francisco think tank RethinkX says self-driving electric cars will dominate US roads by 2030. Within 13 years self-driving cars will represent 95% of all car miles driven in the US.  While 40% of the cars in 2030 will still be of the internal combustion variety, they will represent just 5% of the consumer miles driven. This forecast is […]

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Cal on May 2nd, 2017

Global energy companies have sold off more than $22.5 billion worth of Canadian oil sands assets so far this year, concerned about depressed crude oil prices, high production costs, carbon emissions, and limited pipeline access to global markets. More energy efficient appliances, LED lighting, and a shift away from heavy industry all have contributed to a […]

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