• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 19 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days The United States produced more crude oil than any nation, at any time.
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 2 days Bad news for e-cars keeps coming
  • 4 days China deletes leaked stats showing plunging birth rate for 2023
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
Editorial Dept

Editorial Dept

More Info

Premium Content

Inflation Fears Hit Fever Pitch As Gas Rally Continues

Natural Gas

1. IEA Calls For Tripling of Investment into Clean Energy by 2030

- The International Energy Agency (IEA) stated that investment into renewable energy should triple by 2030 to effectively fight climate change

- Whilst almost 70% of new power generation capacity additions have been renewables-based in 2020-2021, hydrocarbons still provide 80% of the global energy supply.

- The IEA forecasts that if energy consumption continues along its current path, temperatures will jump by 2.6°C by 2100, well above the 1.5°C threshold.

- Global emissions have been increasing this year and are on track to add 1 gigatonne year-on-year, bringing the annual CO2 tally to almost 34 gigatonnes.

2. Floods Add Salt to China’s Energy Crunch Wound

- China’s power generation facilities are continuing to vie for available hydrocarbons to burn as flooding in key coal-producing regions Shanxi and Shaanxi aggravated domestic supply issues.

- Whilst China has made significant headway in cutting its coal imports over 2019-2020, the total tally of September 2021 was the fifth-highest in history, up 76% year-on-year at 32.88 million tons.

- At the same time, two available sources of additional coal, namely Mongolia and Russia, remain curtailed amidst lacking railway capacity.

- As a consequence, China’s most traded thermal coal futures in Zhengzhou reached an all-time high of $255 per metric ton, tripling over the course of this year.

3.…





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News