Energy companies, such as Irving Oil, have responded to the latest slump in the oil price by selling approximately $318 billion of assets such as storage facilities, pipelines and fuel terminals. [WSJ] Energy companies climbed after being beaten down over the past several days, with markets rising on Thursday. [U.S. News/AP] Toshiba, the technology company… Keep reading →
In October of this year, Jordan announced it had chosen Russia to build its first two nuclear-power reactors. Historically, Jordan has lacked access to energy resources. It depends on imports for more than 96 percent of power consumption. This means that a whopping 20 to 25 percent of Jordan’s national expenditures go to importing energy.… Keep reading →
Half empty in the West, half full in a handful of centrally planned economies Nuclear power’s prospects appears to be doomed in the West where markets and private investors tend to make the decisions and assume the risks, that is, if they can get the public’s support and regulator’s approval. In other parts of the… Keep reading →
It is not just coal’s future that depends on the price of gas, but nearly everything else. With so few new reactors under construction – outnumbered by those expected to be shut down for technical, safety-related or economic reasons – the prognosis from the Energy Information Administration (IEA) in its 2013 Annual Energy Outlook is… Keep reading →
