Saudi Arabia

Cal on February 23rd, 2017

China’s current Five-Year Plan envisions building seven new nuclear reactors a year between 2016 and 2020. China currently has 36 nuclear reactors in operation, 21 under construction and more waiting to start. There were only 174 crude oil and natural gas discoveries worldwide last year, compared to an average of 400-500 per year up until […]

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Cal on January 31st, 2017

Last week BP released its annual Energy Outlook report that surveys the prospects for the oil industry in the coming decades. The energy company sees the demand for energy growing into the 2040s but that the demand for crude oil will slow because of more efficient means of consumption and the increasing use of renewable and […]

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Cal on January 20th, 2017

Oslo-based energy consultancy firm Rystad Energy said crude oil and natural gas discoveries around the world dropped last year to their lowest level since the 1940s after energy companies sharply cut back in their search for new resources amid falling crude oil prices. This has led some energy analysts to forecast of an oil supply shortage […]

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Cal on December 28th, 2016

Russia supplied a third of Europe’s natural gas needs in 2016, a record amount despite tensions with the European Union and a desire by the EU to reduce its dependence on Russian supplies.  In 2015, Russia supplied 31% of European gas supplies. The EU imports around 50% of its natural gas needs, but it has become increasingly concerned about Gazprom’s role as […]

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Cal on December 3rd, 2016

Scientists from the UK’s University of Bristol have developed a lab-made nuclear diamond that can generate electricity and is made from radioactive waste. The diamond battery has an incredible lifetime, and will only be half used up by the year 7746.  As most people know, a severe downside of the nuclear fission process is the creation of dangerous radioactive waste, which […]

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Cal on November 30th, 2016

OPEC members agreed today to cut back on their crude oil production.  This is the cartel’s first cuts in eight years. OPEC accounts for a third of global crude oil production. OPEC will reduce production by 4.5% or by 1.2 million barrels a day (b/d) to 32.5 million b/d. However, Iran will be allowed to increase production. The […]

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Cal on November 30th, 2016

Today’s critical meeting of OPEC members is being touted as the “Most Important OPEC Meeting Ever” as many are saying that the crude oil cartel’s role in controlling oil prices will be lost if there is no agreement to cut production and dramatically increase the world price of oil. And any meaningful agreement would have […]

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Cal on November 15th, 2016

The International Energy Agency raised its forecast for non-OPEC crude oil production increases next year to 500,000 barrels per day with the increase coming from Russia, Brazil, and Kazakhstan. An indication of a growing glut of crude oil was a report that European oil companies have been forced to book oil tankers to store their growing […]

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