Tag: US oil
Red & Blue States In Cahoots On US Solar Industry
The US solar industry is getting a shot of adrenaline from South Carolina, which is adding another new solar factory to its roster along with 500 new jobs.
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U.S. EIA Forecasts Lower Oil Price in 2025 Amid Significant Market Uncertainties
We forecast benchmark Brent crude oil prices will fall from an average of $81 per barrel (b) in 2024 to $74/b in 2025 and $66/b in 2026, as strong global growth in production of petroleum and other liquids and slower demand growth put downward pressure on prices and help offset heightened geopolitical risks and … [continued]
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Wind Energy To Push Dirty Bunker Fuel Overboard, Trump Or No Trump
The Airwing rigid sail from GT Wings harvests wind energy to reduce the use of maritime bunker fuel in cargo ships.
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Musk & Right Wing Trumpsters Are Already At Odds
The Economist says that petty spats among billionaire Elon Musk, other tech tycoons, and the MAGA crowd may be “a sign of a much deeper rift” within the right wing incoming US executive office. The policy team of once-and-future President Donald J. Trump has “disparate, sometimes contradictory goals,” with the … [continued]
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U.S. EIA Extends 5 Key Energy Forecasts through December 2026
In our January 2024 Short-Term Energy Outlook, which includes data and forecasts through December 2026, we forecast five key energy trends that we expect will help shape markets over the next two years. Electricity consumption will start growing, driven by new demand sources After almost two decades of relatively little … [continued]
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China’s EV Export Era Is A Bigger Geopolitical Move Than We Normally Acknowledge
It’s clear to anyone following the global EV market — the Chinese EV market is much bigger than any other EV market (it accounts for about 50% of the global EV market all by itself), Chinese EV producers now absolutely dominate their home market, and some of those Chinese EV … [continued]
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Oil & Gas Frackers Love New Enhanced Geothermal Energy Systems
The emerging field of enhanced geothermal energy is providing oil and gas frackers with an opportunity to use their power for decarbonization, not extraction.
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What Are The Implications Of $66/kWh Battery Packs In China
The Power Construction Corporation of China drew 76 bidders for its tender of 16 GWh of lithium iron phosphate (LFP) battery energy storage systems (BESS), according to reports. Bids averaged $66.3/kWh, with 60 bids under $68.4/kWh. The tender, covering supply, system design, installation guidance, 20-year maintenance, and safety features, targets … [continued]
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Oil Consumption Growth Trends in China, India, & USA — Is 2025 Forecast Accurate?
The US Energy Information Administration put out an interesting article today. The headline focused on growth of oil consumption in India compared to China — “India to surpass China as the top source of global oil consumption growth in 2024 and 2025.” I sat looking at the chart for several … [continued]
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