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Solar now ‘cheapest electricity in history’: How much will it matter?
Solar now ‘cheapest electricity in history’: How much will it matter? The International Energy Agency (IEA), the Paris-based consortium of 30 countries, has told us in its flagship World Energy Outlook 2020 that solar-produced electricity is now the “cheapest electricity in history.” That seems like very good news, that is, until the actual expected impact of that […]
EU can shut off power supplies if UK tries to seize control of fish stocks, small print of deal reveals
EU can shut off power supplies if UK tries to seize control of fish stocks, small print of deal reveals Cables under Channel meet 8 per cent of demand – raising threat of higher prices and possible blackouts. The EU has secured the ability to shut off gas and electricity supplies if the UK tries to seize […]
The Most Outrageous 2020 Oil Predictions
The Most Outrageous 2020 Oil Predictions As we approach the close of 2020, we’re reminded of one statistical certainty when it comes to oil price predictions. If you set anything other than a range, you will be proven wrong. And even for the forecasters and predictors that do set a range, the likelihood that the […]
GEOPOLITICS & EMPIRE INTERVIEW: The Energy Cliff, Green Energy Myth, Gold, Crypto, & Mad Max Future
GEOPOLITICS & EMPIRE INTERVIEW: The Energy Cliff, Green Energy Myth, Gold, Crypto, & Mad Max Future With the world heading into deeper troubles in 2021, I sat down and chatted with the folks at Geopolitics & Empire. In the interview, we discussed the impact of the coming ENERGY CLIFF on the global economy and markets. […]
Merger Mania Is Transforming Canada’s Oil Scene
Merger Mania Is Transforming Canada’s Oil Scene Canada’s oil landscape looks encouraging for 2021 as Whitecap Resources Inc. acquires two oil and gas companies in addition to mergers between other energy companies, with anticipated growth through the coming year as demand for energy steadily increases. In November, Whitecap Resources announced a plan to acquire rival company […]
Inviting Nuclear Disaster
Inviting Nuclear Disaster Photograph Source: Brad.K – CC BY 2.0 Nuclear power plants when they began being constructed were not seen as running for more than 40 years because of radioactivity embrittling metal parts and otherwise causing safety problems. But in recent decades, the U.S. Nuclear Regulatory Commission has extended the operating licenses of nuclear power […]
IHS Markit: Oil Demand Won’t Fully Recover Until 2022
IHS Markit: Oil Demand Won’t Fully Recover Until 2022 Global oil demand will likely take another year or so to return to pre-pandemic levels—by late 2021 or early 2022, energy expert and IHS Markit vice chairman Daniel Yergin told Al Arabiya English in a video interview on Monday. Yergin’s expectations for oil demand are roughly […]
The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St.
The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St. Big money is turning its back on companies that aren’t conforming to one simple idea… Sustainability. And it’s fueling one of the biggest transfers of capital the world has ever seen. In fact, within a year, 77% of institutional investors will stop […]
The Very Real Possibility Of Peak Oil Supply
The Very Real Possibility Of Peak Oil Supply Three months ago, British oil giant BP Plc. (NYSE:BP) sent shockwaves through the oil and gas sector after it declared that Peak Oil demand was already behind us. In the company’s 2020 Energy Outlook, chief executive Bernard Looney pledged that BP would increase its renewables spending twentyfold to $5 billion a […]
Peak Oil in South & Central America
Peak Oil in South & Central America (1) Pre-Covid ..Fig 1: Oil production and peak years Production peaked 2015 due to Venezuela’s production collapse. Brazil’s production has not yet peaked but is unlikely to offset Venezuela’s decline. All other countries together are on a bumpy production plateau for the last 20 years. Fig 2: Oil […]
2020: The Year Things Started Going Badly Wrong
2020: The Year Things Started Going Badly Wrong How today’s energy problem is different from peak oil Many people believe that the economy will start going badly wrong when we “run out of oil.” The problem we have today is indeed an energy problem, but it is a different energy problem. Let me explain it with an […]
China Restricts Electricity Use Amid Coal Shortage
China Restricts Electricity Use Amid Coal Shortage Despite the swift industrial recovery from the pandemic, factories in areas in China are working only part-time, and residents in several provinces are asked to save electricity, while authorities are turning off street lights and billboards, warning of coal shortages this winter. In at least three provinces in […]
Yes, the U.S. can go carbon neutral by 2050, says new Princeton study
David McNew / Getty Images Yes, the U.S. can go carbon neutral by 2050, says new Princeton study The month of December opened with good news and bad news for people concerned about the climate crisis. A climate analysis released by the independent watchdog group Climate Action Tracker said that based on promises made by Paris Climate […]
The Collapse Of U.S. Shale Oil Production Has Now Begun
The Collapse Of U.S. Shale Oil Production Has Now Begun It’s Official. The collapse of U.S. shale oil production has begun. The mighty Shale Oil BOOM has now finally turned into a BUST. While the pandemic shutdowns sped up the process, the collapse of the U.S. shale industry was going to occur, regardless. According to the […]
