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Cal on April 29th, 2016

Venezuela’s government ordered public workers to work a two-day week as an energy-saving measure in the energy crisis-hit South American country. The nation had already given most of it’s 2.8 million public employees Fridays off during April and May to cut down on electricity consumption. Drought has reduced water levels at Venezuela’s main dam and […]

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Cal on March 30th, 2016

Consulting firm Wood Mackenzie says that some $500 billion worth of global crude oil and natural gas projects have been deferred due to low oil prices and hence corporate revenues. The International Energy Agency (IEA) says that unless there is a major increase in oil industry investments in 2017 and 2018, there will be a […]

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Cal on February 14th, 2016

The head of France’s Total Petroleum, Patrick Pouyanne, said over-supply of crude oil on the global market now amounts to 2%. He added that two-thirds of the drilling rigs in the US are shut down as a result of oil prices that are this week trending around $30 a barrel. Some 87,000 people have been […]

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Cal on February 11th, 2016

China has surpassed Germany as having the largest amount of solar photovoltaic (PV) installations. According to the National Energy Administration, the Asian country has total installed capacity of 43.2 gigawatts. Much of this capacity (15.1 GW) was installed in  2015. China’s solar PV capacity has increased roughly 13-fold since just 2011. Germany currently possesses around […]

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Cal on February 3rd, 2016

Last month OPEC crude oil production reached its highest level in recent history as Iran increased production and sales following the lifting of the nuclear sanctions by Western nations, and Saudi Arabia and Iraq increased their output. An electric, driverless shuttle bus will soon take to the public streets of the Netherlands. The WePod will […]

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Cal on December 11th, 2015

The largest and most sophisticated nuclear fusion reactor Wendelstein 7-X, or W7-X, went online this week in Germany. The stellarator reactor turned on at the Max Plank Institute for Plasma Physics. It has been under construction for the past 19 years and cost about $1 billion. The researchers and engineers behind the technology announced that they are […]

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Cal on December 9th, 2015

Vaclav Smil tells us how oil intensity has decreased in the US economy over the past 45 years. In 1985 the US economy needed 37% less oil to produce a dollar of GDP than it had in 1970. By 2000 that number was down 53%, and by 2014 it was 62% lower. This indicates the […]

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Cal on December 7th, 2015

Oil analyst Daniel Yergin expects crude oil’s turmoil to continue. New petroleum supplies are likely to come into the market in 2016, particularly from Iran. Assuming that nuclear sanctions are lifted on Iran in the next few months, Iran could produce another 400,000 to 600,000 barrels per day within several months. Iran’s oil minister thinks […]

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