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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

“GETs”: cheap ways for Grids to double Wind & Solar integration and help battle global inflation

July 29, 2022 by Russell Mendell, Mathias Einberger and Katie Siegner

Accelerating the clean energy transition can tackle the inflation crisis, not just save the climate, explain Russell Mendell, Mathias Einberger and Katie Siegner at Rocky Mountain Institute. Rising energy costs are driving current global inflation. So now is the perfect time to drive through low-hanging-fruit ways to increase wind and solar generation and storage. In the U.S. interconnection queues – the pipeline of clean generation projects … [Read more...]

Filed Under: Energy, Grids, Renewables Tagged With: DLRs, GETs, grids, inflation, interconnection, solar, storage, US, wind

Record global clean energy spending, but it’s still not enough and costs are rising

July 8, 2022 by IEA

Since 2020, clean energy investment has grown by 12% per year – it was only 2%/year during the five years after the 2015 Paris Agreement. That boost is the main reason why total global energy investment is set to reach $2.4tn in 2022, according to the latest “World Energy Investment” report from the IEA. It’s very good news that spending on solar PV, batteries and EVs is now growing at rates consistent with reaching global net zero emissions by … [Read more...]

Filed Under: Energy, Resources Tagged With: batteries, coal, costs, efficiency, EVs, gas, grids, inflation, investment, oil, power, renewables, solar

A massive expansion of domestic Renewable energy stops wars, not just climate change

February 28, 2022 by Hans-Josef Fell

Hans-Josef Fell at Energy Watch Group says bluntly that a massive expansion of domestic renewable energy generation over the last decade would not only have saved the planet from a future climate catastrophe, it would be stopping wars today. Firstly, 70% of Russia's state revenues come from oil, natural gas, coal and nuclear energy deals. State revenues fund its military. Secondly, an EU dependent on imports from any geopolitical adversary will … [Read more...]

Filed Under: Energy, Renewables Tagged With: EU, Europe, gas, geopolitics, Germany, imports, inflation, Military, oil, prices, renewables, Russia, sanctions, solar, storage, Ukraine, wind

Most read this week

  • Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year by Dolf Gielen | posted on May 26, 2023
  • Making Hydrogen direct from seawater using double-membrane electrolysis by David Krause | posted on May 24, 2023
  • Five charts on the Energy Transition: the 2020s is the decade of maximum disruption. By 2030 the endgame will be clear by Sam Butler-Sloss | posted on May 25, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • 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
  • Do government renewable energy auctions squeeze the PPA market? by Michael ClauĂźner | posted on March 12, 2021
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Oil & Gas can meet 2030 net-zero target for only $600bn, quickly recouped. But it’s still not happening, warns IEA by IEA | posted on May 22, 2023
  • The history of evidence of CO2-driven climate change starts in the mid-1800s by Marc Hudson | posted on May 23, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • The 10 big problems with simply replacing fossil cars with electric by Schalk Cloete | posted on December 6, 2021
  • 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
  • Hydrogen production in 2050: how much water will 74EJ need? by Herib Blanco | posted on July 22, 2021
  • EU Carbon Removal Certification Framework: new rules to turn greenwashing into genuine removals by Simon Göss | posted on May 16, 2023
  • Enhanced Weathering: crushed rocks spread on farmland can capture billions of tons of CO2/year by Benjamin Houlton | posted on July 21, 2020
  • Why hydrogen fuel cell cars are not competitive — from a hydrogen fuel cell expert by Zachary Shahan | posted on June 17, 2016
  • Germany: will the end of feed-in tariffs mean the end of citizens-as-energy-producers by Isabel Sutton | posted on June 3, 2021
  • Modelling green Ammonia and Methanol in 2050. It will be expensive by Schalk Cloete | posted on September 9, 2022
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021

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      Recent Posts

      U.S. EPA: new rules proposed for cutting Fossil Fuel-Fired Power Plant emissions

      Financing Renewable Hydrogen globally: ramp up to 2030 only needs $150bn/year

      Five charts on the Energy Transition: the 2020s is the decade of maximum disruption. By 2030 the endgame will be clear

      Making Hydrogen direct from seawater using double-membrane electrolysis

      The history of evidence of CO2-driven climate change starts in the mid-1800s

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