The smart grid has been slow to materialize for a combination of factors including investment challenges, but 2014 featured some important advances. “But these challenges also helped define the opportunities for companies, utilities and regulators working on building the next stage of smart grid — a “smart grid 2.0,” if you will. From building on… Keep reading →
Iran has a new oil minister – Bijan Namdar-Zanganeh – and he has an ambitious plan to bring oil output back to 2005 levels of 4.2 million barrels per day, up from 2.56 MM bbl/d now. If he can actually make it happen – a big “if” – additional supply on the market could impact prices.… Keep reading →
The price of West Texas Intermediate crude had risen for five consecutive days as of yesterday afternoon – “the longest stretch of gains since April” – on news of escalating unrest in Egypt, as Brent hit a four-month high. A police crackdown on protests in Egypt has left more than 500 dead. [Bloomberg] Iran has… Keep reading →
