Really awful news…a Rail World Inc train carrying crude oil through Quebec derailed this weekend, causing multiple explosions in the middle of the town of Lac Megantic, resulting in multiple fatalities and destroying dozens of buildings. Oil spilled into Lac Megantic itself, and into a nearby river. “The derailment is the latest in a string of railroad… Keep reading →
Hope everyone had a nice 4th of July! Here’s what’s happening in energy news. West Texas Intermediate crude is trading near a 14-month high, spurred by unrest in Egypt and a sunny outlook for US economic growth. [Bloomberg] And Brent hit a three-month high today after Egypt’s army declared a state of emergency in areas… Keep reading →
A couple of firsts, and one sloppy second… Some citizens of Sub-Saharan African countries may get access to reliable electricity for the first time. President Obama has announced plans to invest $7 bln over five years to expand access to electricity in Ethiopia, Ghana, Kenya, Liberia, Nigeria and Tanzania, mostly as loans to buy US… Keep reading →
