Central America

Cal on August 7th, 2017

The world’s first self-driving ship will sail next year. A Norwegian container ship, the Yara Birkeland, will be the world’s first electric, autonomous, zero-emissions ship. With a capacity of up to 150 shipping containers, the battery-powered ship is expected to mark the beginning of a transformation of the global shipping industry. The ship is small compared to modern standards […]

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Cal on July 27th, 2017

Britain announced it will ban all new petrol and diesel cars and vans from 2040 amid fears that rising levels of nitrogen oxide pose a major risk to public health. This follows a similar recent announcement by France.  The British ban will also include new hybrid vehicles with an electric motor and gasoline or diesel […]

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Cal on January 3rd, 2017

Almost all Costa Rica’s electricity was produced by renewable energy in 2016. The Costa Rican Electricity Institute reported that around 98.1% of the Central American’s country’s electricity came from renewable sources. The electricity was generated by hydropower facilities, geothermal plants, wind turbines, solar panels and biomass plants. As much as 1.8 gigawatts of new energy storage — mostly from lithium-ion batteries — […]

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Cal on September 10th, 2016

The US Energy Information Administration estimates that global crude oil demand will grow from 94.8 million barrels a day this year to 105.3 million barrels in 2026. With world oil prices now hovering around $50 a barrel and little exploration going on, there is concern in some quarters that this demand will not be met.  Only 2.7 […]

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Cal on June 30th, 2016

It is too early to assess the implications of the UK’s referendum last week to leave the European Union (Brexit).  In the short term crude oil prices will likely fall a bit as the US dollar strengthens against the pound and Britain sinks into a period of political chaos. Over the longer term, there are […]

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Cal on May 7th, 2016

Bankruptcies in the US crude oil and natural gas industries continue to grow at a fast and furious pace. 59 companies have now filed for bankruptcy protection, and more are expected. The numbers may soon pass the famous dotcom bust of 2002-2003. Investment banker JP Morgan reported that its non-performing loans jumped by 665% in […]

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Cal on April 11th, 2016

The International Renewable Energy Agency reports global renewable energy generation capacity increased by 152 gigawatts (GW) in 2015, up 8.3% over the previous year. Wind power capacity grew 17% last year, installing 63 GW, while solar capacity increased 37%, with 47 GW installed during the year. Hydropower capacity increased 3%. Over the past 5 years, global […]

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Cal on December 27th, 2015

China’s provinces are still handing out large numbers of permits to build new coal plants to enhance their regional growth figures even as the country is experiencing its worst electricity oversupply problem. Electric power utilities are among the biggest taxpayers and local governments are eager to approve more plants, in hopes of increasing their tax […]

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