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The Cold Hard Truth About Renewable Energy Adoption
The Cold Hard Truth About Renewable Energy Adoption The energy transition is essential but complex and challenging. The pace of the transition and the balance between future and current energy security are key issues. Economic and logistical barriers, as well as geopolitical and environmental concerns, need to be addressed for a successful transition. The future […]
South Africa’s Energy Crisis Could Spark A Political And Economic Disaster
South Africa’s Energy Crisis Could Spark A Political And Economic Disaster Eskom is operating at 50% capacity with rolling blackouts that are causing civil unrest and economic hardship. An international aid package worth $8.5 billion is being put together by the U.S. and Europe to help fund South Africa’s green energy transition. The dismal track […]
Europe’s Energy Crisis Leaves Almost All Of Pakistan Without Power
Europe’s Energy Crisis Leaves Almost All Of Pakistan Without Power Pakistan faced an almost nationwide power outage on Monday. A significant energy shortage is one of the main drivers of the nation’s current economic crisis. The energy crisis in Europe has made Pakistan vulnerable to high fuel prices. The long-awaited winter energy crisis has finally […]
Europe’s Energy Crisis Is Reshaping Geopolitics
Europe’s Energy Crisis Is Reshaping Geopolitics Europe’s energy crisis is fueling a major geopolitical reconfiguration. The IEA is warning that we are currently living through a “global energy crisis of unprecedented depth and complexity,” and that “there is no going back to the way things were.” The financial vulnerabilities emanating out of Europe threaten to […]
Europe’s Natural Gas Shortage Could Trigger A Food Crisis
Europe’s Natural Gas Shortage Could Trigger A Food Crisis Energy crises impact nearly every aspect of our lives, and that is particularly true of food markets, with food production next year expected to be severely threatened. About 70 percent of the cost of fertilizer production is solely the price of natural gas, and as the […]
France Sees Nuclear Energy Output Plummet At The Worst Possible Moment
France Sees Nuclear Energy Output Plummet At The Worst Possible Moment France, the European Union’s leader in nuclear energy, is seeing a massive decline in output. Though it has been relatively unfazed by the bloc’s ongoing energy crisis, declining nuclear production could pose a significant problem in the coming months. The collapse of French nuclear […]
Europe Turns To Russia For More Coal As Energy Prices Skyrocket
Europe Turns To Russia For More Coal As Energy Prices Skyrocket Europe is facing a perfect storm of increasing demand for energy in the wake of the COVID-19 pandemic, and a dwindling supply of natural gas used to produce electricity. As Europe’s struggling energy markets look to import any form of affordable energy they can, […]
The World Will Run Out Of EV Batteries By 2025
The World Will Run Out Of EV Batteries By 2025 In many ways, the world is not ready for the EV revolution. While electric vehicles are an absolutely invaluable and essential component of the clean energy revolution and combating climate change and imperative which grows more urgent with each passing second, the world has been […]
Why The World Can’t Quit Fossil Fuels
Why The World Can’t Quit Fossil Fuels Have the recent pronouncements of the death of oil and reigning renewables been more rhetoric than reality? Yes and no. It’s true that peak oil is now closer than ever, and globally we’re seeing a more earnest effort to decarbonize than ever before, in large part thanks to […]
Is The OPEC+ Alliance Coming To An End?
Is The OPEC+ Alliance Coming To An End? It’s been a wild and bumpy ride for OPEC+ this year. The consortium, consisting of the traditional members of the Organization of the Petroleum Exporting Countries plus oil and gas superpower Russia, was largely responsible for the huge collapse in oil prices toward the end of April. After […]
Permian Bankruptcies Could Fuel A Buying Spree For Big Oil
Permian Bankruptcies Could Fuel A Buying Spree For Big Oil The United States shale revolution is over. Production in the Permian Basin, which spreads across West Texas and Southeast New Mexico, has been slowing for months, but the novel coronavirus took things from bad to much, much worse for U.S. shale. The oil price shock […]
How Oil Prices Could Go To $100
How Oil Prices Could Go To $100 “We’re in a deflationary moment that surpasses anything seen in most people’s lifetimes,” proclaimed a New York Times byline on Tuesday, the morning after oil prices went negative. The West Texas Crude Intermediate benchmark plummeted to previously unimaginable depths, closing the day at negative $37.63 per barrel. The novel coronavirus has […]
Tumbling Yuan Sends Ripples Through Petrochemical Market
Tumbling Yuan Sends Ripples Through Petrochemical Market The trade war between China and the United States has triggered a global economic slowdown thanks to far-reaching tensions between the world’s two biggest economies. Last Friday China lobbed their most recent retaliation back at the United States by announcing tariffs on an additional $75 billion worth of […]
The “Polar Silk Road” Could Be A Gamechanger For Natural Gas
The “Polar Silk Road” Could Be A Gamechanger For Natural Gas It’s been well over a year since the then-United States Secretary of Defense Jim Mattis accused Russia and China of being “revisionist powers” each working its way toward making a power grab on the world stage and announced that the U.S. would be shifting […]
Pipeline Bottlenecks Cost Canadian Producers $20 Billion
Pipeline Bottlenecks Cost Canadian Producers $20 Billion Canada has plenty of oil, and demand is high, but the Canadian oil industry has nevertheless taken a major hit this year thanks to its persisting pipeline bottleneck. The Albertan oil industry has long been plagued by insufficient pipeline volumes but has not been able to fix the […]
