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Falling oil prices are defying the forecasters. Expect to be surprised for the rest of the year

May 8, 2023 by Carole Nakhle

The worst expectations for oil prices never materialised, thank goodness. In mid-March a year ago Brent reached $114 and WTI $103 a barrel. By the same time this year it was $72 and $66 respectively. That’s despite no end in sight for the Russia-Ukraine war, the trigger to the 2022 price escalation and global crisis. Carole Nakhle at the University of Surrey explains how today’s forecasts are similarly uncertain. She points at conflicting … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: Brent, China, Citibank, GoldmanSachs, IEA, IMF, inflation, oil, Opec, prices, Russia, Ukraine, WorldBank, WTI

2009 to 2017: solar, wind costs plummet, hydro steady, nuclear up

May 2, 2019 by Christian Bogmans

Between 2009 and 2017 prices dropped 76% for solar panels and 34% for wind turbines. Hydro and nuclear struggle to cut costs; as mature technologies, most of the efficiencies have already been squeezed out already. Also, they are difficult to productise and scale; dams (definitely) and nuclear plants (somewhat) are one-offs. In contrast, solar panels and wind turbines are far easier to productise and then mass produce. It’s why wind overtook … [Read more...]

Filed Under: Energy, Investment, Renewables Tagged With: batteries, electricity, hydro, IMF, Nuclear, renewables, solar, wind

Most read this week

  • Germany’s proposed de facto ban on new fossil boilers from 2024 meets fierce resistance by Sören Amelang | posted on June 2, 2023
  • Perovskite: abundant, cheap, printable solar cells demonstrated, ready to generate power by David Beynon | posted on May 31, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year by Dolf Gielen | posted on May 26, 2023
  • Decarbonising Shipping: “book and claim” pilot uses clean fuel tokens that move from cargo through to fuel producers by Aparajit Pandey | posted on June 1, 2023
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • IEA report: global manufacturing capacity is expanding rapidly for solar, wind, batteries, electrolysers, heat pumps by IEA | posted on June 6, 2023
  • EU Energy Outlook to 2060: how will power prices and revenues develop for wind, solar, gas, hydrogen + more by Alex Schmitt | posted on December 6, 2022
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • Community Batteries: when they’re the best option for overcoming grid constraints. And when they’re not by Bjorn Sturmberg | posted on June 5, 2023
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions by Cy McGeady | posted on May 30, 2023
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • Blending Hydrogen into the gas network: the challenges of pipeline fractures, faster flow rate + more by NREL | posted on March 10, 2023
  • Enhanced Weathering: crushed rocks spread on farmland can capture billions of tons of CO2/year by Benjamin Houlton | posted on July 21, 2020
  • EU Carbon Removal Certification Framework: new rules to turn greenwashing into genuine removals by Simon Göss | posted on May 16, 2023

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  • IEA report: global manufacturing capacity is expanding rapidly for solar, wind, batteries, electrolysers, heat pumps
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  • Germany’s proposed de facto ban on new fossil boilers from 2024 meets fierce resistance
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      Recent Posts

      “Flow Batteries” for grid-scale storage: modelling cheaper alternatives to Vanadium

      IEA report: global manufacturing capacity is expanding rapidly for solar, wind, batteries, electrolysers, heat pumps

      Community Batteries: when they’re the best option for overcoming grid constraints. And when they’re not

      Germany’s proposed de facto ban on new fossil boilers from 2024 meets fierce resistance

      Decarbonising Shipping: “book and claim” pilot uses clean fuel tokens that move from cargo through to fuel producers

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