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Article Archive

  • This Little Known Canadian Oil Company Is Poised For Immense Growth

    Micro Cap no More – How a little known oil and gas company has put together a project with tremendous upside in the Canadian Montney Play in Alberta, Canada.Canada is already known for its vast reserves of oil. The U.S. Energy Information Administration estimates that Canada is sitting on 173 billion barrels of oil, the third largest reserve in the world.What is less known internationally though is that Canada also contains enormous reserves of natural gas – much of it located in the western provinces of British Columbia and Alberta.One notable formation is the Montney, a formation that spans the…

  • Geothermal Power Gathering Steam in U.S.

    The bubbling sulfur springs and powerful, majestic geysers of Yellowstone National Park are visible manifestations of the potential for geothermal energy in the United States. Yet for various reasons -- including logistics, economics and permitting issues -- geothermal has not even come close to reaching its potential. That could be changing, though, with the introduction this summer of a series of geothermal bills that may hasten its development and remove some bureaucratic obstacles. Renewable Energy World reported at the end of July that U.S. House and Senate subcommittees discussed permitting needs and took up two bills related to geothermal development.The…

  • Return to the Arctic: Shell Looks Set To Take Another Run

    Shell could be returning to the Arctic after a two-year hiatus. The company submitted a drilling plan to the U.S. Department of Interior on Aug. 28, which suggests it is considering returning to the icy waters in the far north to look for oil. While no final decision has been made, Shell’s submission puts the company on track to drill in the summer of 2015.Shell has spent several years and nearly $6 billion on its Arctic campaign thus far. Harsh conditions, poor infrastructure, and a short drilling season hindered its progress, but it was the company’s bungled 2012 operations –…

  • We Are On The Verge Of An Electric Car Battery Breakthrough

    Electric vehicles are cool. They’re inexpensive to operate, can make our air cleaner, and help reduce the amount of climate change-causing gases released into the atmosphere. But right now, they’re also mostly just for rich people. The initial cost of buying the car, combined with their limited availability, is just too much for most people to justify making the switch.That could soon change, though, because investment pundits think that Tesla Motors is on the verge of achieving something big: A battery cheap enough to make electric vehicles cost-competitive with conventional cars. Daniel Sparks at Motley Fool is reporting that the…

  • Is Coal Really Peaking In China?

    Better Technologies Needed for Emissions to Start Falling“While uncertainty over the changes in coal stockpiles still exists, we’re confident that the unbelievable may be at hand: peak coal consumption in China.” So concludes a recent blog post from the Sierra Club’s Justin Guay and Greenpeace International’s Lauri Myllyvirta, the latter of whom recently published an analysis suggesting that Chinese coal consumption dropped in the first half of 2014:What does this recent (possible) dip auger for future emissions and energy trends in China? I think it’s safe to say the answer is far more complicated than “clean energy is the future,”…

  • West Virginia Unprepared For Future Without Coal

    The economy in coal country is being left behind the rest of America. Coal communities have long suffered from higher rates of poverty than many other parts of the country, but they now face an extended period of decline. In regions where coal mining makes up a disproportionate share of the economy, this portends economic pain for years to come.The Washington Post has published several articles on the economic hardship people in coal-dependent communities experience, with a focus on West Virginia. One article asked whether local and regional economies put themselves at a disadvantage by becoming overly dependent on extractive…

  • Surge In U.S. Oil Production Finally Reflected At Pump

    Geopolitical turmoil, particularly in oil-producing regions, usually means higher retail costs for petroleum products, specifically gasoline.Not so this year. Oil analysts say American drivers taking their last summer road trips cars will enjoy the lowest pump prices this Labor Day weekend than they have in four years. That’s despite ongoing conflicts in Iraq, Libya, Syria, and between Russia and Ukraine.Even word of unexpectedly low oil supplies hasn’t kept the price of gasoline from falling. On Aug. 27, the U.S. Energy Information Administration (EIA) reported that crude oil stockpiles fell to 360.5 million barrels last week, the lowest levels since January.Part…

  • When Will The Peak Oil Crisis Begin?

    For those following the world oil production situation, it has been clear for some time that the only factor keeping global crude output from moving lower is the continuing increase in U.S. shale oil production, mostly from Texas and North Dakota. Needless to say, once the fabled “peak” comes oil and gasoline prices are certain to move higher, triggering a series of economic events – most of which will not be good for the global economy.Thus the key question is just how many more months or years production of U.S. shale oil (more accurately call light tight oil) will continue…

  • IEA Says Investment In Clean Energy Will Keep Growing, Slowly

    The International Energy Agency (IEA) says overall investment in renewable energy will continue to grow through 2020, but at a slower rate than it has in recent years.The IEA’s annual Medium-Term Renewable Energy Market Report for 2014, issued Aug. 28, anticipated investment in biomass, wind and solar energy will total $1.61 trillion through the end of the current decade, even as the rate of investment begins to lag.The report says funding for clean energy reached a peak of $280 billion in 2011 and was still a generous $250 billion in 2013. But that is expected to decline to an average…

  • This Week in Energy: Global LNG Race Heats Up

    As Qatar delivers a large shipment of liquefied natural gas (LNG) to China’s national oil company, the global race is on in earnest, with Iran promising to out-produce Qatar by 2018 and analysts predicting that Malaysia will also give the Qataris a run for their money.This month, Qatargas—the largest LNG producer in the world—delivered a new cargo of LNG to China National Oil Corps (CNOOC) at the Hainan terminal, China. In turn, this LNG will be used to commission CNOOC’s new LNG terminal, which should begin operations soon. This is the third time Qatargas has provided LNG to CNOOC’s terminals…