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Energy / Energy-General

OIlprice.com's Energy section focuses on all energy related topics that can't be easily classified in our other categories. Topics covered are fossil fuel energy, solar energy, wind energy and many other types of energy sources.

  • Ukraine’s Next Crisis? Economic Disaster

    Ukraine’s next crisis will be a devastatingly economic one, as violent conflict destroys critical infrastructure in the east and brings key industry to a halt, furthering weakening the energy sector by crippling coal-based electricity production.The Ukrainian military’s showdown with separatists in the industrial east has forced coal mines to severely cut production or close down entirely. This has led to an electricity crisis that can only be staunched by cutting domestic production along with exports to Europe, Crimea, and Belarus -- or worse, getting more imports from Russia.In the coal centers of Ukraine’s industrial east—Luhansk and Donetsk—fighting has forced the…

  • Energy For All – But Make Sure To Read The Fine Print

    Why We Need to Be Careful with How We Generalize Energy NeedsDoña Maria (pictured above) moved from being one of the 1.4 billion people without access to electricity to one of the several million people who now receive modest amounts of electricity from a solar home system (SHS), which have emerged as keystone technologies in international efforts to address energy poverty. Unfortunately, while the SHS contributes quality of life benefits, it has not helped to improve Doña Maria’s income levels. Stories such as this raise important questions: How might we begin to unpack the meaning of ‘needs’? Who has the…

  • This Week in Energy: The Fracking Media Circus

    A new study from Stanford University scientists finds no direct evidence of water contamination from hydraulic fracturing in Wyoming, but points out concerns that some fracking is being undertaken at very shallow depths, and sometimes through underground sources of drinking water.As generally happens with independent studies—or any ‘significant’ body of literature from the beginning of time—those with black and white polarization tendencies, espoused through the media, can skew the study to one or the other side of the fracking debate, which has taken on circus-like proportions, much like the climate change debate.Most recently, Colorado state senator Randy Baumgardner, a Republican,…

  • Tanzania Seeks to Develop Natural Gas and LNG

    The U.S. hosted an unprecedented summit of 50 heads of African states in Washington, D.C. in early August. The event was meant to highlight the enormous investment opportunity that the African continent has to offer, and the three-day summit resulted in $37 billion worth of business commitments. The continent has long been a source of natural resources, with oil and gas proving to be the most lucrative. Countries like Nigeria, Libya, Algeria, and Angola have produced enormous volumes of oil for years. But there are other opportunities in Africa that have not hit investors’ radar. Take Tanzania, a mid-sized East African nation whose…

  • More Bad News for The Crude Oil Market

    Last week, the U.S. Energy Information Administration (EIA) weekly petroleum status report delivered more bad news to the crude oil market, but the EiA’s long-term outlook most likely set the tone for a bearish market into the end of the year.The weekly report showed U.S. commercial crude inventories increased by 1.4 million barrels in the week-ended August 8. This came as a surprise to traders who had priced in a 0.8 million barrel decline. Total U.S. commercial crude inventory rose to 367 million barrels, putting it above the upper limit of the five-year range for this time of the year.Total…

  • Rosneft Feels Bite of Sanctions, Requests Kremlin’s Help

    A Russian financial journal reports that Russian oil giant Rosneft, despite earlier indifference to Western sanctions, is now expecting to feel their pinch and has asked Moscow for more than $40 billion in debt relief.The newspaper Vedomosti, in part a joint venture of Dow Jones and The Financial Times, quoted anonymous sources on Aug. 14 as saying that Rosneft CEO Igor Sechin proposed that the Kremlin set aside 1.5 trillion rubles ($41.6 billion) from its National Wealth Fund to buy Rosneft bonds.Rosneft also requested that it be awarded the right to control new onshore oil fields in Russia and offshore…

  • Will 15% Of Uranium Supply Be Lost On August 28th?

    As I've discussed before, the uranium market is one of the most unusual commodity sectors on the planet.In terms of supply, there's one place that's head-and-shoulders above all others: the Athabasca Basin of northern Canada. With uranium mines here running at grades up to 100 times greater than deposits in most other parts of the world.And with uranium prices down, Athabasca has become all the more critical for supply. Being one of the few places on the planet where producers are still making money--and continuing to turn out production.But news this week suggests that problems of a different kind could…

  • Putting A New Spin On Conducting Electricity

    Researchers in London say they’ve come up with an entirely new way to generate and direct electrical currents in semiconductors by focusing on an alternative to the current approach.The yin and yang of electrons are “charge” and “spin.” Conventional technology focuses on charge, but many scientists believe a switch to spin could perform even better -- not only increasing power storage but also improving information processing.Scientists’ understanding of the charge and spin phenomena dates back to the late 19th-century scientist Edwin Hall, who recognized the production voltage differences across an electrical conductor. This is called the Hall effect. Then there…

  • New Study Says U.S. Underestimated Keystone XL Emissions

    A new report says the U.S. government dramatically underestimated the level of greenhouse gas emissions that would result if the controversial proposed Keystone XL pipeline becomes a reality. The study, by the Stockholm Environmental Institute, found that building the pipeline, which would connect Canada’s oil-rich tar sands to refineries in the Gulf of Mexico, would produce greenhouse gas emissions at least four times higher than the U.S. State Department’s official estimate. The study’s authors said that the U.S. officials did not take into account the fact that, by providing an outlet for Canada’s tar sands to reach international buyers, global…

  • Turkey Striving to Realize Energy Dream

    With Ukraine and the Middle East currently engulfed in turmoil, Turkey is trying to play a new energy-export card and, in the process, strengthen its position as a regional energy hub. The Turkish government has always sought to exploit Turkey’s geographic position between the energy-rich countries of the Caspian Sea region and Middle East, and those of energy-hungry Europe. But a combination of prohibitive costs and Kremlin lobbying has kept the European Union firmly dependent on Russian oil and gas. Now, the deepening crisis in Ukraine, a key transit state for Russian energy, is providing an incentive for the development of a…