Cal on September 20th, 2014

Bakken tells us natural gas truck sales in the US are below expectations. About 10,000 natural gas-powered trucks are expected to be sold this year, a slight increase from last year’s 8,500 but far short of the 16,000 retailers hoped for. The reasons given for the slow US sales include the high costs of the trucks, […]

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Cal on September 6th, 2014

Saudi Aramco’s CEO is worried that rising cost of crude oil production and global turmoil could lead to the lack of sufficient oil in future years, if oil companies do not make the necessary investments now. He said the low investment climate was the result of cost overruns on mega-projects and low demand growth amid […]

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Cal on August 9th, 2014

The German city of Hamburg has announced plans to become “car free” within 20 years. Hamburg City Council disclosed ambitious plans to divert most cars away from its main thoroughfares in twenty years. In order to do so, local authorities are to connect pedestrian and cycle lanes that will link the entire urban centre with […]

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Cal on July 31st, 2014

Capturing carbon from coal-fired power plants is enormously expensive—from $1.2 billion to upgrade an existing plant in the province of Saskatchewan, Canada to $5.5 billion for a new plant in the US state of Mississippi.  The coal industry has known for years how to do it, but the technology is so expensive that few are […]

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Cal on July 15th, 2014

The US continues to be the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia due to extraction of energy from shale rock formations. Daily output exceeding 11 million barrels in the first quarter of this year. The country became the world’s largest natural gas producer in 2010. Nigeria is listed as […]

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Cal on May 27th, 2014

China and Russia signed a monumental, multi-decade natural gas supply contract in Shanghai, with reports saying it could be worth as much as $US400 billion. Russia has vast energy reserves and China is constantly seeking resources to power the growth of its economy. Under the 30-year contract between China National Petroleum Compnay and Gazprom, 38 […]

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eurasia review analyzed Mexico’s energy sector. Mexico is one of the 10 largest crude oil producers in the world. Oil is a crucial component of Mexico’s economy.accounting for 13% of the country’s export earnings in 2013.  That same year earnings from the oil industry (including taxes and direct payments from PEMEX) accounted for about 32% […]

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Cal on May 13th, 2014

the International Energy Agency (IEA) warned Monday, estimating that an additional $44 trillion of investment was needed to meet 2050 carbon reduction targets.Read more at: The International Energy Agency estimates that an additional $44 trillion of global investment is needed in the energy sector to meet 2050 carbon reduction targets. To achieve this goal, […]

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