Oil Price Daily News Update
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- IEA Recognizes Potential of Renewable Energy Sector
- East Africa’s Rapid Rise to the Top of the Energy World
- Israel to Destroy “illegal” Solar Panels in Palestinian Villages
- An Eulogy for the Industrial Revolution’s Power Source
- Power Struggles at the Persian Gulf – is Another Gulf War Imminent?
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IEA Recognizes Potential of Renewable Energy Sector Posted: 17 Mar 2012 06:35 AM PDT For many investors, renewable energy remains a somewhat forbidding topic.What seems to be the best sure-fire bet? Solar? Wind? Geothermal? Tidal? Biomass?Now the redoubtable International Energy Agency is to publish in July an invaluable guidebook for the perplexed, “Deploying Renewables — Best and Future Policy Practice,” 182 pages, ISBN 978-92-64-12490-5, paper €100, PDF €80 (2011)According to the IEA’s bookshop, “Growth is focused on a few of the available technologies, and rapid deployment is confined to a…
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East Africa’s Rapid Rise to the Top of the Energy World Posted: 16 Mar 2012 05:06 PM PDT Soon America won’t be alone with a glut of natural gas. Statoil, the Norwegian oil company, made big oil industry news late last month announcing it had found huge volumes of natural gas off the coast of Tanzania thus confirming east Africa’s reputation as one of the energy world’s most promising new frontiers. The area off east Africa has yielded a series of huge discoveries over the past couple of years. Simon Ashby-Rudd, an oil investment banker at Standard Bank in the UK puts it this way, “With gas exploration…
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Israel to Destroy “illegal” Solar Panels in Palestinian Villages Posted: 16 Mar 2012 04:55 PM PDT The Israeli Occupation authorities are planning to demolish renewable energy installations in Palestinian villages in the Occupied West Bank. The projects were installed by an Israeli NGO, ME Comet, and paid for by German aid. Although the Israeli government of PM Binyamin Netanyahu says the projects must be torn down because they have no permit, one shouldn’t have to have a permit to have electricity. Moreover, the government deliberately does not give Palestinians building permits, because it wants them to emigrate. The Guardian writes: “According…
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An Eulogy for the Industrial Revolution’s Power Source Posted: 16 Mar 2012 03:59 PM PDT The capitalist world has little time for nostalgia, as its primary mission is making money, but a recent pronouncement out of Britain is sounding the incipient death knell for a power source that fuelled Britain’s Industrial Revolution, and, by extension, the modern capitalist world. INING group UK Coal is currently in discussions to shutter Britain’s biggest remaining coal mining pit. Nothing personal – INING group UK Coal wants to restructure its business. The potential cost, for those on the coal face is hundreds of jobs. The balance…
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Power Struggles at the Persian Gulf – is Another Gulf War Imminent? Posted: 16 Mar 2012 03:58 PM PDT Iran is currently the fifth-largest oil producer in the world, the second-largest producer in the OPEC, and the third-largest oil exporter worldwide. Of the total production of almost 3.5mn barrels/day, 2.285mn barrels/day were exported last year. 0.8mn barrels/day are shipped to the OECD countries in Europe, 0.6mn barrels/day of those to the EU and 200,000 barrels/day to Turkey (50% of the Turkish demand). But Asia is the most important export market at 1.5mn barrels/day, with China alone accounting for 550,000 barrels. Japan, India, and South…
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