Energy Shortage

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 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 5th, 2016

“Natural gas is the single energy source which manages to achieve energy security, ­affordable energy and emissions reduction — it represents the holy trinity of energy.” —  Greg Hunt, Australia’s Industry Minister, responding to concerns that his country may face an energy shortage and a manufacturing crisis following moratoriums on gas ­exploration imposed by the […]

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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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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 July 30th, 2016

New research suggests that households in Pakistan waste 25% of the nation’s electricity due to inefficient appliances. The usage of older household appliances were found a primary source of wasted electricity, with refrigerators being the worst offender followed by fans and lighting. Moreover, at a time of serious energy shortages in the south Asian country, a total of […]

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Cal on July 16th, 2016

The International Energy Agency finds the Middle East is once again the world’s dominant oil-producing region. Middle Eastern oil production rose to a record-high of 31.5 million barrels a day in June amid near-record supplies from Saudi Arabia. Wood Mackenzie reported that 70% of future crude oil developments are commercially viable with world crude oil […]

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Cal on July 9th, 2016

China’s energy consumption grew at 1.5% last year, the lowest growth rate since 1998, according to the BP Statistical Review of World Energy. The biggest change has been in coal consumption. China’s coal usage now appears to have peaked in 2011 — a decade earlier than expected — and since 2013 has been in decline. […]

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