The energy poverty issue is being drawn into stark relief in India, where the government is pursuing an aggressive coal expansion strategy as it seeks to bring electricity to the over 300 million people without. The New York Times reports air quality in cities is worse than China, rising seas will impact the country disproportionately… Keep reading →
While the current focus is on declining oil prices – which hit four-year lows yesterday – the longer-term oil market picture could feature downward supply pressure and a demand surge that forces prices right back up, according to IEA’s flagship World Energy Outlook 2014. The agency cautions against allowing current supply/demand fundamentals to breed complacency.… Keep reading →
As I am on my way to the Formula One Race in Austin, which is where the U.S. leg of the International F-1 series takes place, I marvel over the development that has been created by the U.S. Shale boom in the last several years. I have lived in Houston since 1990, with relocations back… Keep reading →
The US and China agreed to jointly cut carbon emissions in order to combat climate change, a historic pact that has many excited and many outraged. But China’s commitment to cap greenhouse gas emissions by 2030 means the country will need to build out power generation infrastructure in unprecedented ways. “That means building even more nuclear… Keep reading →
Saudi Arabia’s oil minister Ali al-Naimi has not spoken publically since September 11, but when he broke his silence today, the market was left with little evidence regarding Saudi oil policy going forward. Al-Naimi did take the opportunity to shoot down speculation that Opec members were in the midst of a price war. The price… Keep reading →
Flow battery technology could soon outcompete single-cycle gas-fired turbines according to a new study. “By 2018 the cost of ViZn Energy’s 4-hour storage solution, which was selected by Energy Strategies Group as a proxy for the lowest cost multi-hour storage solutions currently being commercialized, is projected to be $974 per kW, nearly identical to that of… Keep reading →
The recent slide in oil prices—yielding sub-$3 a gallon gas nationally—won’t deter drivers from what they want most from their vehicles: fuel economy, Ford Motor CEO Mark Fields told CNBC Tuesday. He appeared on “Squawk Box” as the first new, lighter aluminum F-Series pickups were rolling off the assembly line at the Ford Rouge Center in Dearborn, Michigan,… Keep reading →
Record setting US oil production growth is altering physical oil flows, flipping supply-demand fundamentals and leaving market observers searching for tools that can provide insight into these new price formation elements. Pipeline reversals and infrastructure expansion along the Gulf has debottlenecked the Cushing, Oklahoma storage hub, which has redrawn traditional oil grade basis differentials. Energy market… Keep reading →
A new report by the Climate Council reports that new investment in renewable energy in Australia has dropped by 70%. “In the last five years most countries around the world had accelerated action on climate change, with China and the United States two of the global leaders on the issue, the report, Lagging Behind: Australia… Keep reading →
As global oil prices continue to plunge based on an aggressive international trading policy by Saudi Arabia, questions are being raised about the sustainability of the U.S. shale boom. “The price of oil fell some more on Tuesday, down as low as $75.84 before closing at $77 a barrel. The decline is blamed on Saudi Arabia… Keep reading →
