India imported 4.8 million barrels per day (bpd) of oil in June, an increase of 10 percent from a year earlier, according to data from shipping and industry sources, with the top three suppliers Iraq, Saudi Arabia and Iran making up nearly half of imports. India is the third largest oil importer after China and …
Venezuela was producing oil at about 2.6 million barrels per day in 2015. OPEC estimates Venezuela produced 1.278 million barrels per day in July. This is down from 2.15 million barrels per day in 2016 and 1.91 million barrels per day in 2017. Analysts expect Venezuela’s oil production to fall to below 1 million bpd …
UCLA created a double layer solar cell by spraying a thin layer of perovskite onto a commercially available solar cell. The solar cell that forms the bottom layer of the device is made of a compound of copper, indium, gallium and selenide, or CIGS. The new cell converts 22.4% of the incoming energy from the …
China is developing the world’s first electromagnetic launched surface-to-surface rocket that offers greater fire range. Conventional rockets rely on chemical explosives or fuel but the new rockets will be launched using additional electromagnetic force, similar to the catapult launchers that China and the United States are developing for their next-generation aircraft carriers. The same technology …
California has approved legislation requiring 100% clean energy by 2045. On Tuesday, the Assembly voted 43-32 in favor of the bill, which had been introduced by Sen. Kevin de León. Senate Bill 100 will now return to the state Senate, where it is expected to pass. The bill will require that utilities providers generate 60% …
India is predicted to overtake China as the biggest source of growth for oil demand by 2024, according to research and consultancy group Wood Mackenzie. India’s oil demand is set to increase by 3.5 billion barrels per day from 2017 to 2035, which will account for a third of global oil demand growth. In 2017, …
A cubic mile of oil per year is about 5.084 Terawatts per year with continuous power generation. making current world energy use around 15 TW. The world is using about 3.9 cubic miles of oil per year in electricity. The world was using 3.19 cubic miles of oil per year in electricity in 2006. The …
In 2018, Canada is ranked tenth in the world in nominal GDP. It is a rich developed country. Despite having an economy that is 11 times smaller than the USA or 7 times smaller than China, Canada has world competitive or world-leading projects in quantum computing, artificial intelligence, molecular nanotechnology, nuclear fusion and nuclear-molten salt. …
In July, 2018, Moltex was selected by New Brunswick Energy Solutions Corporation and New Brunswick Power to progress development of its SSR-W (Stable Salt Reactor – Wasteburner) technology in New Brunswick, with the aim of deploying its first SSR-W at the Point Lepreau nuclear reactor site before 2030. The agreement provides $5 million of financial …
Sila Nanotechnologies is developing silicon based anodes for lithium-ion batteries. They have raised another $70 million with Sutter Hill Ventures leading the round and other investors include Siemens’ venture firm Next47 and Japan’s ATL. Sila Nanotechnologies will scale production with the funding to get into millions of commercial wearable gadgets in 2019. Angstron Materials, Enovix, …
China has $3.3 billion funding two large molten salt fission reactor projects. There are 400 SINAP (Shanghai Institute of Applied Physics) scientists that are working on molten salt reactors at a complex of three new building. There are 200 other researchers working on the same subject but at different institutions. China already generates 60% more …