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Cal on June 21st, 2017

The International Energy Agency foresees the global oversupply of crude oil continuing through 2018. The driver is US shale oil production which will grow by 430,000 barrels per day this year and 780,000 next year. Total non-OPEC production including the US is forecast to grow by 1.5 million b/d next year. With global inventories currently […]

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Cal on June 17th, 2017

In its annual review of world energy, BP said renewable energy contributed almost 40% of the growth in global power generation in 2016. Solar power generation increased 29.6% last year, while wind power grew by 15.6% percent and coal fell 6.2%.  Coal’s decline in electricity production was the largest one year drop on record. Asia-Pacific overtook Europe […]

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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 9th, 2017

  Earlier this month Swiss company Climeworks began operating the world’s first carbon capture plant—a machine designed to remove carbon dioxide from the atmosphere. The company hopes to capture 1% of the global carbon dioxide produced by burning fossil fuels by 2025. The company estimates that the plant will remove some 900 tons of CO2 from the atmosphere every year. Located […]

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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 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 25th, 2017

McKinsey & Company asks: Self-driving car technology: When will the robots hit the road? “A close examination of the technologies required to achieve advanced levels of autonomous driving suggests…such vehicles are perhaps five to ten years away.” Volkswagen Group is in talks with Exxon Mobil Corp. and Russia’s Gazprom to support its efforts to promote automobiles powered by natural […]

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Cal on May 23rd, 2017

Switzerland has voted in a referendum to provide billions of dollars in subsidies for renewable energy and to ban new nuclear plants. A proposed new Swiss law (“Energy Strategy 2050) plans to increase domestic renewable energy, reduce fossil fuel use, and reduce reliance on foreign energy supplies. The European country wants to increase solar and wind power capacity by 400% by […]

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