The International Energy Association has its energy projection out to 2040. They project strong growth and transition to electric cars and renewables but they do not forecast an acceleration of technology. This is part of their methodology to update to what is happening now and then extrapolating. They now admit the rise of electric cars …
China State planners said they may struggle to achieve the targets of keeping energy usage below the equivalent of 5 billions tons of coal by 2020 and becoming 15% more energy efficient per unit of GDP compared to 2015. While China has met its target last year and is expected to achieve its 2017 goal, …
General Electric plans to cut 12,000 jobs in its power division as the industrial conglomerate’s new CEO institutes sweeping changes and the company grapples with a decline in business for coal and natural gas products. The company will cut nearly one in five positions in its GE Power unit. Overall, the layoffs equal about 4% …
In 2011, President Obama set a U.S. energy target: produce 80 percent of electricity from clean energy sources by 2035. Reaching that goal would involve removing two thirds of coal usage in the USA. The US is not on a path to making that happen. Something new is happening which will be even better. Let …
The German government has targeted a 40 percent reduction of GHG emissions by 2020, as compared to 1990 levels, but with less than three years to go the country remains far from achieving that goal. Berlin already admitted that the 40 percent goal likely wasn’t possible, and instead lowered its sights to a 35 percent …
The United States announced six goals to achieve global energy dominance. 1. Revive and expand nuclear energy sector 2. Address barriers to financing of overseas coal energy plants 3. Build an oil pipeline to Mexico 4. Sell more American natural gas to South Korea 5. Approve two long-term applications to export additional natural gas from …
Production of the fossil fuel coal dropped by a record amount in 2016, according to BP Plc’s annual review of global energy trends. China, the world’s biggest energy consumer, burned the least coal in six years and use dropped in the U.S to a level last seen in the 1970s, the company’s data show. However, …
Germany pays over three times as much for electricity as the USA and Canada. Other countries in Europe tend to pay double per kwh. Germany could go to four times the price of US electricity by 2020. There is misleading article on Bloomberg that discusses the planned elimination of coal usage in five European countries. …
China’s outbound Merger and Acquisition activity surged in 2015 and 2016 with a broad universe of acquirers executing transactions with an increase in pace and deal size. This surge has been driven by a range of macro factors, including the pursuit of long-term and sustainable growth, consumption by the rising middle class, and a favorable …
The US has implemented revolutionary new technologies as part of nuclear modernization. These will vastly increase the targeting capability of the US ballistic missile arsenal. This increase in capability is astonishing—boosting the overall killing power of existing US ballistic missile forces by a factor of roughly three—and it creates exactly what one would expect to …
A new study reveals that nanotechnology can be used to rapidly rewarm cryogenically treated samples without damaging delicate frozen tissues, which may someday help make organ cryopreservation a reality. More than 60% of the hearts and lungs donated for transplantation must be discarded annually, because these tissues cannot be kept on ice for longer than …