Originally published on EnergyPost. By Elias Hinckley Most analysts believe Saudi Arabia refuses to cut production because it wants to shake out its higher-cost competitors or because it wants to punish Iran and Russia. There may be some truth in those theories, writes Elias Hinckley, strategic advisor and head of … [continued]
About two weeks back, the OPEC (Organization of the Petroleum Exporting Countries) oil producers’ cartel decided not to cut output at its meeting in Vienna. Since then, oil prices have plummeted to a record five-year low. Saudi Arabia, the world’s largest oil exporter and OPEC’s most influential member could potentially support … [continued]
Masdar announced Wednesday that it had signed an agreement to build the first large-scale wind farm in a Gulf Cooperation Council country, in the Sultanate of Oman. The $125 million, 50 MW wind farm will be constructed in the country’s Dhofar Governorate, and is estimated to generate energy to power 16,000 … [continued]
Let’s start this analysis with the 2013 figures for the United States (right). In general, the oil export/import status looks better for the US than it has in a long time. Although the US is a major oil producer, it has been an even heavier oil consumer, importing millions of … [continued]
France’s choice to invest heavily in nuclear, many don’t seem to be aware, was based on the fact that the country had very little in the way of its own energy resources such as coal, oil, and gas. It was hit particularly hard by the oil crisis of 1973 when … [continued]
Originally published on Energy Post. By Karel Beckman Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released [this week] by the International Energy Agency (IEA) as part of the World Energy Outlook series. Today’s annual … [continued]
A group of international energy leaders were recently on a panel for “Sustainable Energy for All,” a major UN initiative aimed at making “sustainable energy” available for all people or the world by 2030, at the recent World Future Energy Summit (part of Abu Dhabi Sustainability Week). The panel was a bit … [continued]
Food waste offers a tantalizing source of renewable biofuel, and orange peels are a perfect example of the potential. According to the American Chemical Society, we are sitting on a veritable gold mine of citrus waste. Global agriculture produces about 15.6 million tons of orange and other citrus waste annually … [continued]
Saudi Arabia needs special treatment in the disbursement of funds from the $100 billion climate change adaptation fund, this is the proposal that the country has submitted to the United Nations. Saudi Arabia, the largest oil exporter, says that it faces economic vulnerability due to fluctuations in the global oil prices. Decision … [continued]
