Solar

Cal on March 28th, 2015

Germany and Norway have agreed to create the NordLink project which will be Europe’s longest electric power grid interconnection, enabling the transmission of 1.4 gigawatts of renewable energy. The high-voltage direct current (HVDC) link will extend 623 kilometers. It is scheduled to go into commercial operation in 2020. Turkey’s first nuclear power plant is unlikely […]

Continue reading about Energy Facts of the Day

Cal on March 10th, 2015

Ecuador’s revenue from crude oil exports was $598 million in January, down about 44% from a year earlier due to lower world crude oil prices. Lower oil prices are expected to drag down economic growth in a country whose oil sector generates about one-quarter of total government revenue and about half of its total exports. […]

Continue reading about Energy Facts of the Day

Cal on February 28th, 2015

This week US President Obama vetoed the Keystone pipeline bill which the new Congress had passed as one of it highest priorities. Oil industry analysts believe the veto signals that the President will reject the project after the State Department study is completed. The pipeline, if approved, would run from Alberta, Canada to the southern […]

Continue reading about Energy Facts of the Day

Cal on February 16th, 2015

In its mid-term report the International Energy Agency now forecasts that the US shale oil boom will continue until 2020 but that crude oil prices will stabilize considerably below the $100 a barrel level we have seen in recent years. The agency also says that the drop in US shale output later this year will […]

Continue reading about Energy Facts of the Day

Cal on February 10th, 2015

The Australian state of South Australia announced it will appoint a royal commission to determine if it should be the first state in the country to generate electricity from nuclear power.  Despite harbouring 25% of the world’s uranium, there have never been any nuclear reactors in Australia. Global crude oil prices jumped from the mid-$40 […]

Continue reading about Energy Facts of the Day

Cal on February 6th, 2015

Last year the newly elected Prime Minister of Australia, Tony Abbot, vowed to repeal the country’s carbon tax to reduce electricity and natural gas prices in that country.  Recently released figures from the Australian Competition and Consumer Commission show electricity prices have declined on average 7.31% and natural gas prices have dropped on average 4.8% […]

Continue reading about Energy Facts of the Day

Cal on January 26th, 2015

As the world price of crude oil continues to bound around in the $45 to $48 per barrel range, it was a big topic of discussion at the annual Davos economic summit in Switzerland last week.  The Executive Director of the International Energy Agency sees no quick recovery for the global economy or for oil […]

Continue reading about Energy Facts of the Day

Cal on January 5th, 2015

Indonesia will remove gasoline price subsidies this week as part of President Joko Widodo’s plan to free up more funding for transportation infrastructure spending. At the same time, the price of gasoline will be cut to about 61 US cents a liter to reflect falling global oil prices. State-owned oil and gas company PT Pertamina is […]

Continue reading about Energy Facts of the Day