The U.S. is not the clear, go-to nation for energy manufacturing. But it’s no longer the nation that businesses automatically leave when it comes time to scale up innovations to commercial production, said Gene Sperling, Director of the National Economic Council, and it’s critical that the U.S. seize the opportunity that presents. Speaking to the… Keep reading →
What could someday be one of the world’s largest public electric vehicle sharing systems has begun to quietly unfold in the large eastern Chinese city of Hangzhou. If all goes according to plan, residents in that metropolitan region could, within five years, have access to up to 100,000 self-serving EV rentals and related supporting infrastructure.… Keep reading →
The Chevron-Apache Kitimat LNG export project in British Columbia has the potential to capitalize on Canada’s vast natural gas resources, as well as the proximity of its western coast to Asian markets. But it is also up against competition from producing countries like Australia, where the buildout of LNG export infrastructure is already well underway,… Keep reading →
Energy efficiency can make as meaningful a contribution to energy market supply as fuels such as oil and coal, according to the International Energy Agency’s first-ever Energy Efficiency Market Report , released today. “We must change the way we think about energy efficiency. We need to start considering it a fuel, alongside oil, gas, coal or… Keep reading →
Expect the promised benefits of natural gas to really begin hitting the North American economy in the second half of this decade, said Chevron Vice President of Supply and Trading Greg Vesey at the North American Gas Forum in Washington, DC this week. It will take two to three years to complete construction of manufacturing… Keep reading →
A question that frequently surfaces in discussions about energy and environment is why we continue to use fossil fuels, rather than transition to cleaner energy sources, given the threats posed by climate change. According to Statoil chief economist Eirik Wærness, no one has identified a means of sustaining acceptable levels of economic growth without them.… Keep reading →
The world uses about 91 million barrels of oil per day. And most forecasts suggest that oil consumption will rise over the next few decades, driven in large part by growing demand for transportation fuels, especially in Asia. Norway’s state-owned oil company, Statoil, predicts that oil demand will peak at around 105 million bbl/d in… Keep reading →
The pace of change in the North American natural gas business has accelerated in recent months, with the US Department of Energy approval process for exports to non-free trade agreement countries failing to stop the achievement of major project milestones and new technology innovations driving market expansion. Four projects have been approved by DOE for… Keep reading →
Investment bank Simmons & Co’s long-term forecasting envisions 12-20 billion cubic feet per day of incremental US natural gas demand by 2020, pushing total demand to 82-90 bcfd from around 70 bcfd this year. LNG exports are the biggest driver, adding 4.2-6.8 bcfd, followed by exports to Canada and Mexico (2.5-3.4 bcfd), power generation (3.2-5.6… Keep reading →
A combination of policy and market impediments to diversification of US transportation fuels has prompted the free market-focused Fuel Freedom Foundation to team up with policy-focused environmentalist and former Sierra Club Executive Director Carl Pope to pursue coordinated efforts to wean the US off its oil dependency. Pope and Fuel Freedom Foundation co-founder Eyal Aronoff… Keep reading →
