Middle East

Cal on February 17th, 2018

In its latest Energy Outlook to 2040, ExxonMobile projects global transportation-related energy demand will increase by close to 30% by 2040. At the same time, total miles traveled per year by cars, sport utility vehicles and light trucks will increase about 60%. Exxon predicts a rise in electric vehicles as well as efficiency improvements in conventional […]

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Cal on February 10th, 2018

The head of the International Monetary Fund urged Arab countries to discontinue subsidizing energy because such subsidies come at the expense of much needed investment in health, education and other public services. Arab countries accounted for more than a quarter of global energy subsidies in 2015, estimated at $117 billion out of $436 billion world-wide, according […]

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Cal on January 3rd, 2018

The United Nation reports almost one half of the world’s population lives in countries with below replacement fertility, i.e. with a total fertility rate below 2.1 births per woman. The world population is currently 7.6 billion people. This figure is expected to reach 8.6 billion in 2030, 9.8 billion in 2050 and surpass 11.2 billion in 2100. […]

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Cal on December 31st, 2017

China announced it will extend its tax rebate on the purchase of “New Energy Vehicles” until December 2020.  The rebate applies to the purchase of electric cars, plug-in hybrids, and hydrogen fuel-cell vehicles. Sales of New Energy Vehicles in China are expected to hit 700,000 units in 2018. The head of Toyota Motor Company’s research and development […]

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Cal on December 21st, 2017

The World Bank will no longer finance upstream oil and gas projects after 2019. The move all but eliminates the World Bank’s support for fossil fuels. The bank has not supported coal projects since 2010. France announced it will ban all crude oil and natural gas development as of 2040.  The ban will apply to the […]

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Cal on December 20th, 2017

Tom Whipple gives us his observations about where crude oil prices may go as we turn the corner into a new year: “The key issues for 2018 will be how fast US shale oil production grows and whether OPEC and its associates can adhere to its production cut agreement for the next 12 months and […]

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Cal on November 14th, 2017

China’s largest oil company Sinopec, one of that country’s top banks, and its sovereign wealth fund agreed to develop a $43 billion natural gas project in the US state of Alaska. When will we reach peak oil demand?  Royal Dutch Shell and Norway’s Statoil predict crude oil demand could reach its high as soon as 2025 […]

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Cal on November 10th, 2017

  The world’s largest solar tower will be built in Dubai. It will be part of the Mohammed bin Rashid Al Maktoum Solar Park, currently the largest renewable energy project on a single plot in the world. The first phase of the project was launched in 2013 and today has a capacity of 13 megawatts (MW) that generates […]

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