Wed, 7 Dec 2016 00:02:00 -0500The forces driving clean energy are likely to continue progressing regardless of President-elect Donald Trump's efforts to reverse them, a leading expert in energy policy said last week at Stanford University.
Wed, 7 Dec 2016 00:01:00 -0500Perovskite solar cells have stunned researchers with their rapid rise to competitive efficiencies and their promise for ease of manufacture. Unfortunately, they usually contain lead.
Tue, 6 Dec 2016 23:54:00 -0500Since Saudi Arabia pulled of its goal of reaching an OPEC oil production cut agreement, oil prices have spiked to one-and-a-half year highs. Now, a Saudi-led OPEC meets with Russia and other non-OPEC members on Saturday to bring them on board also. Even if Russia comes on-board, problems remain.
Tue, 6 Dec 2016 20:40:00 -0500The agreement comes a week after the startup electric car company announced plans for a $700 million Arizona factory.
Tue, 6 Dec 2016 14:49:00 -0500Source: The Gold And Oil Guy Just a few quick hitting points for the U.S. natural gas market... Gas Prices Close yesterday, January contract was up $1.01 in 19 trading days.Gas for January delivery settled up 21.8 cents, or 6.3% from Friday, at $3.654 per million Btu. Since November 11, gas has surged [...]
Tue, 6 Dec 2016 14:49:00 -0500
Tue, 6 Dec 2016 13:56:00 -0500While its Trans Mountain pipeline expansion project received approval from the Canadian government last week, the company still needs to find a joint venture partner to help fund it.
Tue, 6 Dec 2016 11:25:00 -0500The alternative Russian gas route to Europe will bypass Ukraine and deliver Gazprom gas to the E.U. via Turkey. Deal almost done.
Tue, 6 Dec 2016 11:25:00 -0500
World oil production is on the rise, going from 87.8 million barrels a day in 2011 to 97.6 million a day in 2020. However, OPEC's share of the world's oil production is not going down. At least not by much. In 2011 it was 41%. Thanks to North America, OPEC's share will decline by a full percentage point but will rise again within about 15 years, according to the Energy Information Administration.
A scene from the Bakken. Small fields became bigger fields thanks to shale oil discoveries and new technologies designed to pull it all out of the earth. According to the EIA, the U.S. will produce 14.2 million barrels of oil and oil equivalents per day by 2020. That will represent its peak production, putting the U.S. ahead of Russia, the single largest non-OPEC player in the market. Production will start to decline thereafter.
Russian oil company Rosneft will still be one of the world's largest publicly traded oil companies. Russia will go from producing 10.2 million barrels daily in 2011 to 10.7 million in 2020. While U.S. production begins to decline, Russian production will continue to increase to 12.2 million barrels daily in 2040. Even so, the U.S. will still be producing more if EIA's long term projections are correct.
The view from Alberta: smoke plumes emitted from the Syncrude plant north of Fort McMurray. Thanks to tar sands production, Canada will see steeper production gains than their counterparts in the U.S. The U.S. will grow on average of 0.9% year over year but Canada will grow by 2.1%. Canada will go from producing 3.7 million barrels daily in 2011 to 5 milion a day in 2020, 5.7 million in 2025, 6.2 million in 2030, 6.6 million in 2035 and then slowing to 6.7 million in 2040.
And if you thought Canada's production increase was impressive, Brazil is right on up there. Annual production increases out of Brazil over the next 30 years is seen averaging 2.7%, if the EIA's crystal ball is working correctly. Brazil produced 2.5 million barrels per day in 2011, but that should be 3.2 million daily by 2020, and rising all the way to 5.6 million per day in 2040.
Chinese production increases are expected to mirror that of the U.S., according to EIA, rising on average of 0.9% over the next three decades. Chinese companies like PetroChina (pictured here) will be working with daily output of 5.1 million barrels daily by 2020, up from 4.3 million in 2011. By 2025, that will rise to 5.4 million and then rise by about a hundred thousand barrels a day to beat Brazil at 5.7 million barrels of oil and gas come 2040.
Who said the Middle East is running out of oil? Not EIA. Middle East oil production is seen steadily rising from the 25.9 million barrels produced daily in 2011 to 27.1 million in 2020, 28.8 million in 2025, 32.2 million in 2030, 35.5 million in 2035 and then 38.8 million a day in 2040. So much for the peak oil theory of the late 1990s early 2000s. Remember those days?
OPEC will remain in control of world oil prices. According to the EIA, OPEC countries will produce 38.7 million barrels of oil and gas per day in 2020. And that will rise consistently before it hits 52.1 million barrels a day in 2040.
Like its OPEC producing "friends" to the West, the Persian Gulf will also see their market share drop somewhat as North American shale production increases. However, the Persian Gulf states like Iran will remain huge players. U.S. oil production is not taking a bite out of them anytime in our lifetimes, at least. Gulf states will produce 28% of the world's oil by 2020, down from 30% in 2011. That marke[...]
Tue, 6 Dec 2016 11:14:00 -0500A proposal by advisers to President-elect Donald Trump to simplify regulation of oil and gas development on Indian reservations is likely to become controversial in coming months. While well-intentioned, the idea is fraught with political peril, with limited opportunity for real improvements.
Tue, 6 Dec 2016 08:30:00 -0500OPEC's announcement a week ago that it would cut crude oil production has sent the crude oil markets soaring. Still, some are skeptical. Here's what the skeptics are missing.
Tue, 6 Dec 2016 08:07:00 -0500President-elect Trump's infrastructure plan may run head on into Republican opposition to increase federal spending for roads, bridges and airports. If it does, his own party would kill off the demand for steel and coal's best chance of a revival.
Mon, 5 Dec 2016 13:57:00 -0500The tech giant confirms it is working on technologies for automated vehicles, without indicating when or even if they'll be commercialized
Mon, 5 Dec 2016 10:56:00 -0500The rising demand for electric vehicles, grid power systems and energy efficient manufacturing will catapult American-made batteries into a $450 billion global market over the next 25 years.
Mon, 5 Dec 2016 09:52:00 -0500Blink and you might miss the next private equity exit. Long-term investing has gone the way of land lines and snail mail.
Mon, 5 Dec 2016 09:12:00 -0500Peter Zeihan is a geopolitical strategist, and an expert in global energy, demography, and security. His clients include the US State Department and the DC think tank community, among others. For a variety of reasons, which we cover, he believes that the US is poised to dominate the century ahead.
Mon, 5 Dec 2016 08:52:00 -0500The Obama administration’s decision to halt the completion of the pipeline will hearten its many opponents, but will have no significant practical impact.
Mon, 5 Dec 2016 00:01:00 -0500After studying more than 22,500 ingredients for batteries, Energy Department researchers have settled on two prototypes they believe can eclipse lithium-ion at much lower cost, the project's director announced.
Sun, 4 Dec 2016 10:02:00 -0500As OPEC and non-OPEC nations prepare to meet in Moscow on December 10 to discuss oil production limitations, residents of the Eagle Ford Shale region of South Texas are wondering how it all might impact their lives in the coming months.
Sun, 4 Dec 2016 06:00:00 -0500At the last minute, the Illinois State Legislature passed The Future Energy Jobs Bill (SB 2814) with less than an hour remaining in the legislative session, allowing Exelon’s Clinton and Quad Cities nuclear power plants to remain open, saving 4,200 jobs and over 22 billion kWhs carbon-free power/yr.
Sun, 4 Dec 2016 04:20:00 -0500Saudi Arabia's powerful former oil minister, Ali Al-Naimi, whose words were said to move markets, said on Friday that OPEC's recent oil production cut agreement could re-balance markets, but "unfortunately, we tend to cheat." He made his remarks at an event in Washington to promote his new memoir.
Sun, 4 Dec 2016 00:01:00 -0500Donald Trump's promised wall on the U.S.-Mexico border will need some gaping holes for natural-gas pipelines if Trump is also to keep his promises to grow the fossil-fuel industries and export more energy.
Sat, 3 Dec 2016 09:07:00 -05005 reasons it is vital that NASA study the Earth and oddly, they all start with the letter "B."
Fri, 2 Dec 2016 23:05:00 -0500A scandal and probe into deal-making over contracts and the building of Israeli navy submarines by a German conglomerate with partial Iranian ownership is heating up in Israel. The advanced subs are tasked with protecting Israel's massive offshore natural gas fields.
Fri, 2 Dec 2016 18:05:00 -0500President-elect Trump's victory tour began in Indiana this week, where he and running mate Mike Pence announced they had cobbled together enough taxpayer cash to convince Carrier – a gas furnace manufacturer that planned to move 2,000 jobs to Mexico – to keep some of its jobs in the state. But [...]
Fri, 2 Dec 2016 10:56:00 -0500Offshore Gulf of Mexico hydrocarbons can only become more accessible over the mid- and long-term.Source; SmallCap Network The Trump administration promises an "all of the above"energy strategy, based on fossil fuels and achieving "energy independence." So please, with enough ignorance already (40% of Americans cannot even name a fossil fuel!),stop the [...]
Fri, 2 Dec 2016 10:56:00 -0500
It's easy to look at the standings and figure out whichNHL teams have been the best of the bunch. Perhaps less obvious is figuring out which of those teams have been the best at using their payroll spending. In other words, which franchises have gotten the most bang for their buck?
To figure it out, we compared each team's annual payroll and performance (counting playoff wins for double) to the league average across the last five seasons. The teams that have spent the least per win are our picks for the best NHL teams for the money.
Average Player Costs: $67.7 million (No. 3)
Regular Season Wins: 230 (No. 3)
Playoff Wins: 48 (No. 1)
Average Player Costs: $65.0 million (No. 11)
Regular Season Wins: 201 (No. 9)
Playoff Wins: 42 (No. 2)
Average Player Costs: $59.9 million (No. 21)
Regular Season Wins: 215 (No. 5)
Playoff Wins: 24 (No. 7)
Average Player Costs: $67.2 million (No. 4)
Regular Season Wins: 229 (No. 2)
Playoff Wins: 34 (No. 4)
Average Player Costs: $60.8 million (No. 17)
Regular Season Wins: 230 (No. 1)
Playoff Wins: 20 (No. 10)
Average Player Costs: $69.3 million (No. 1)
Regular Season Wins: 221 (No. 4)
Playoff Wins: 40 (No. 3)
Average Player Costs: $66.4 million (No. 5)
Regular Season Wins: 214 (No. 6)
Playoff Wins: 24 (No. 8)
Average Player Costs: $63.7 million (No. 14)
Regular Season Wins: 205 (No. 8)
Playoff Wins: 25 (No. 5)
Average Player Costs: $54.5 million (No. 30)
Regular Season Wins: 184 (No. 19)
Playoff Wins: 10 (No. T16)
Average Player Costs: $65.5 million (No. 8)
Regular Season Wins: 208 (No. 7)
Playoff Wins: 23 (No. 9)