Solar

Cal on June 26th, 2017

Synthetic Genomics and ExxonMobil announced the development of a modified algae strain that could push algae-based energy closer to being a commercially viable alternative energy source. Bloomberg New Energy Finance projects that over the next two decades, the cost of solar power will still drop another two-thirds, onshore wind costs will be cut nearly in […]

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Cal on June 23rd, 2017

     Source:  World Energy 2017-2050: Annual Report

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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 15th, 2017

Globally, more people live in urban areas than in rural areas, with 54% of the world’s population residing in urban areas in 2014. By 2050, 66% of the world’s population is projected to be urban. About half of urban dwellers reside in relatively small settlements of less than 500,000 inhabitants, while nearly one in eight live […]

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Cal on June 11th, 2017

Australia’s chief scientist, Alan Finkel, briefed the prime minister and state premiers on his special report into the nation’s electricity market and recommends a transition policy as cold-fired electrical generation is phased out. The study was requested by the federal energy minister last fall as the country struggled with several wide-spread power failures in the state […]

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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 June 3rd, 2017

Oilprice makes the case that China, not OPEC, now sets the level of world oil prices. OPEC is working hard to try to keep world crude oil prices high as their members need the oil revenues to finance the increasing demands on government expenditures. But China is the largest crude oil importer in the world and […]

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