The Arctic offshore will be drilled; it’s only a matter of time. However, the dream to have commercially viable production in the immediate future may very well be dead. Continually slumping oil […]
Is The Arctic Dream Dead?
US crude imports from Non-OPEC countries peaked 10 years before tight oil boom
In part 3 of this series on the impact of US tight oil, we look at US crude oil imports from Non-OPEC countries. Excluding Canada – which is a special case due […]
The Oil Glut And An Inevtiable Oil Price Rebound
The world is awash in oil, I’m hearing. The problem is, it’s fairly expensive oil. Take for example Canada. The country that has managed to increase its production of oil by a […]
China Pollution Targets and Future Emissions Goals
The Chinese government announced it would cap coal use by 2020. The Chinese State Council, or cabinet, said the peak would be 4.2 billion tonnes, a one-sixth increase over current consumption. This […]
How Energy Secure Are The EU And UK?
In a recent post, A Beginners Guide to Blackouts, I drew attention to the fact that keeping the lights on in Britain was to a large extent dependent upon our ability to […]
US Oil Dependency on Middle East has Hardly Changed Since 2007
The following graph shows US petroleum imports from OPEC countries starting in 1960. This includes both crude oil and petroleum products. Note: Indonesia left OPEC in 2008 but it is included here […]
Watching the Watchdogs: 10 Years of the IEA World Energy Outlook
The International Energy Agency (IEA) is the energy watchdog of the industrial world. The developed nations of the world were caught off guard by the oil crisis of 1973. They then realized […]
$548 Billion In Global Fossil Fuel Subsidies “Rig The Game” Against Renewables
In the same week that a new study found that G20 nations, including Australia, were providing $US88 billion ($A102 billion) a year in subsidies just for fossil fuel exploration, another report – […]
LED Efficiency Soars in 2014
Light-emitting diode bulbs have long been far more efficient than incandescent or even compact florescent bulbs, but that gap has widened even more this year. The average efficiency of LEDs stood at […]
PG&E Takes Energy Storage to the Distribution Substation
California is the world’s biggest market for grid-scale energy storage — as long as that storage can be delivered in targeted packages that can work at the grid’s edge. That’s one lesson […]
Prometheus Institute 