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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 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 13th, 2017

Last year, for the 5th straight year, the US was the world’s largest producer of petroleum and natural gas hydrocarbons. US hydrocarbon production in energy content terms is almost evenly split between petroleum and natural gas. US crude oil production will, for the first time in nearly 50 years, climb to 10 million barrels per day […]

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Cal on May 31st, 2017

The World Economic Forum said that employees should continue working until 70 in nations such as the UK, US, Japan and Canada. The age increase will be needed, as the number of people over 65 will more than triple to 2.1 billion by 2050. By then, the number of workers per retiree will have halved […]

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Cal on May 28th, 2017

The world’s largest oil producers agreed this week to continue to hold back oil production for another nine months in a bid to raise sluggish world crude oil prices. The deal was agreed between members OPEC and non-OPEC producers including Russia. The participants said they would continue to make cuts of 1.8 million barrels of crude oil a day until March […]

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Cal on May 13th, 2017

UK startup Tokamak Energy Ltd. activated its ST40 fusion reactor last week and achieved first plasma, an early milestone on the path to higher energy tests, and eventually, electricity production. The company is hoping the ST40 will show fusion temperatures—100 million degrees Celsius—are possible in compact, cost-effective reactors. Tokamak’s compact reactor is about 100-times smaller than ITER (International […]

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Cal on May 2nd, 2017

Global energy companies have sold off more than $22.5 billion worth of Canadian oil sands assets so far this year, concerned about depressed crude oil prices, high production costs, carbon emissions, and limited pipeline access to global markets. More energy efficient appliances, LED lighting, and a shift away from heavy industry all have contributed to a […]

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Cal on April 27th, 2017

Voice of America looks at the future of flying: Electric Planes and Flying Cars. See also CITYLABS, When Cars Fly while The Drive tells us about a hydrogen powered flying car. IDTechEx Research predicts electric vehicles for construction, agriculture and mining will be a $81 billion market in 2027. Transparency Market Research projects the global electric vehicle […]

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