United States

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 12th, 2017

The European Commission is proposing a 30% CO2 reduction from 2021 to 2030 for light-duty vehicles (new cars and vans). 2025 will have an intermediary target of a 15% reduction. The purpose is to spur a rapid transition from internal combustion engines to alternative fuels. The proposed regulation applies to all passenger cars and light commercial […]

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Cal on November 6th, 2017

In The Geopolitics of Energy Joseph Nye writes about how the discovery of shale oil in the US has changed the balance of international political power in the world. The International Monetary Fund estimates Saudi Arabia will need crude oil prices at about $70 per barrel in 2018 for its budget to break even, a dramatic […]

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Cal on October 16th, 2017

MarketResearchFuture says the global energy storage market is about to grow 20% annually between now and 2023. Energy storage ranges from small to very large systems. It is segmented into mechanical energy storage, electro-chemical energy storage, thermal storage, and chemical storage. Energy storage systems have become important for storing renewable energy in recent years because of […]

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Cal on October 15th, 2017

Australian airline Qantas announced it will use biofuels on its flights from Los Angeles International airport starting in 2020. The firm said it will purchase 30 million litres annually of a 50/50 blend of plant-derived biofuel and conventional fuel to power its flights between Los Angeles and Australia. US bioenergy company SG Preston will supply the […]

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Cal on October 13th, 2017

More and more commentators are beginning to question whether the seemingly endless production of US shale oil can continue to put a limit on OPEC’s ability to increase the world price of oil.  Since the slump in world oil prices a couple of years ago, the production of shale oil in the US is certainly […]

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Cal on October 4th, 2017

HIS Markit says the Permian basin in the US state of Texas holds 60 to 70 billion barrels of shale oil. This is said to be worth $3.3 trillion and could supply every US refinery with crude oil for the next 12 years. These figures are at odds with much lower estimates by the US Energy […]

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Cal on September 25th, 2017

The Japanese government is expected to ease regulations on hydrogen refueling stations, with the goal of making the refueling points less costly to set up and to operate in the hope of spurring the adoption of fuel cell vehicles. Building a hydrogen station costs 400 million yen to 500 million yen ($3.5 million to $4.4 million), […]

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