I’ve said it before. Energy storage is the Holy Grail of the energy market. Batteries are already a booming market, supplying juice for everything from power tools to smart phones to Kindles. And that trend will accelerate.
Archive for the ‘Economy’ Category
Iran. Commander issues energy warning to Europeans
… should it so decide Europe will have to spend the winter in cold,” Hossein Salami, deputy commander of the Revolutionary Guards, said i
So Long, Salad Days
Five years ago, when oil prices were climbing steadily and economists were stoking fears about peak oil and gas, it seemed that major energy producers like Russia were holding all the cards. Then-president Vladimir Putin spoke of his country as an “energy superpower” and used energy supplies as a blunt instrument of Kremlin foreign policy. Gas cutoffs to Ukraine caused panic in Europe, while Western energy companies fell over each other to get a slice of Russia’s oil and gas fields.
The Peak Oil Crisis: Accusations
There would be calls for impeachment and the likelihood that any legislation could be passed that might be helpful in preparing for or mitigating the consequences of global oil depletion for the time being are zilch. The reason of course is that the evidence for peak oil must first become so overwhelming that even the simplest amongst can understand that there is no cheap and easy way out of the problem
Scientific American’s Path to Sustainability: Let’s Think about the Details
17 Nov 2009 at 14:11
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Alternative Energy, Carbon Emmssions, Economy, Energy, Environment
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Scientific American presents “A Path to Sustainable Energy by 2030″ in its November issue. In many ways, it sounds good. But let’s think about the details: What would the end result look like? Would it really be sustainable? What would the costs really be? Is there any way we could afford to do what is proposed?
What Oil Price can America Really Afford?
If the health of the economy matters, then the administration should take note that oil, at the time of writing, stands around $70 and that the recession threshold, by the books, is $80. Oil prices do not have to rally very much to reach unsustainable levels for the US economy.
Energy body rejects whistleblower allegations of oil cover up
The whistleblower, who reportedly refused to be identified for fear of reprisals, told the newspaper that: “Many inside the organization believe that maintaining oil supplies at even 90 million to 95 million barrels a day would be impossible, but there are fears that panic could spread on the financial markets if the figures were brought down further.”
Current Energy Plans ‘Unsustainable,’ IEA Says in New Outlook
The International Energy Agency’s new World Energy Outlook details the challenge facing the world: Despite two years of recession, energy use is going to recover and grow dramatically over the next two decades. That’s especially true for electricity and for developing countries.
The demise of the dollar
In a graphic illustration of the new world order, Arab states have launched secret moves with China, Russia and France to stop using the US currency for oil trading
