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Cal on February 20th, 2017

Global Electricity Generation Mix: 2013-2035   Source: Mckinsey Global Institute, How technology is reshaping supply and demand for natural resources

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Cal on February 19th, 2017

Recent global solar-power capacity auctions have come in at record low levels: $0.033/kilowatt-hour (kwh) in India, $0.032/kwh in Mexico, $0.024/kwh in Abu Dhabi, $0.029/kwh in Chile, and $0.039/kwh in the United States. In adding renewable energy to their grids, many countries are now holding public auctions whereby the lowest qualified bidders get the government contracts […]

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Cal on February 13th, 2017

Direct Current (DC) Supergrids are appearing in China, India. Europe and Brazil. Long-distance ultra-high-voltage direct-current (UHVDC) connectors are now transmitting electricity over thousands of kilometres more efficiently than AC or alternating current. China began building these transmission facilities in 2010 and is currently has one under construction that will carry 12 gigawatts (half the average power use of Spain) over 3,400 […]

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Cal on January 31st, 2017

Last week BP released its annual Energy Outlook report that surveys the prospects for the oil industry in the coming decades. The energy company sees the demand for energy growing into the 2040s but that the demand for crude oil will slow because of more efficient means of consumption and the increasing use of renewable and […]

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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 20th, 2017

Oslo-based energy consultancy firm Rystad Energy said crude oil and natural gas discoveries around the world dropped last year to their lowest level since the 1940s after energy companies sharply cut back in their search for new resources amid falling crude oil prices. This has led some energy analysts to forecast of an oil supply shortage […]

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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 January 10th, 2017

Russia recently announced that its crude oil production was now 11.21 million barrels per day and that this will serve as the basis for its 300,000 b/d production cut. This is the highest Russian oil production has been in 30 years and is 370,000 b/d higher than in July when Moscow first started talking about cutting […]

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